The conversation between human and AI assistant.
What is the reason behind discontinuation of ₹500 and ₹1000 notes?
What steps were taken by the government to reduce the impact of demonetization on the common people?
The government took several measures to ease the transition for the common people, such as increasing the withdrawal limit, introducing new banknotes of ₹500 and ₹2000 denominations, and encouraging the use of electronic payment modes. Additionally, taxes were reduced to promote investment and monetary incentives were provided for cashless transactions.