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The decision of Indian Government to demonetize ₹500 and ₹1000 notes? Is Right or wrong?
Why do some people think it was a good decision?
Some people believe that demonetization has led to a reduction in corruption, counterfeit currency circulation, and money laundering. The government claims that the move has helped to increase cashless transactions and widen the tax base. Proponents of demonetization also argue that it disrupted terrorist financing and drug trafficking by removing large denominations from circulation.