The conversation between human and AI assistant.
How will the scrapping of Rs 500 and Rs 1000 notes help in reducing black money and corruption?
Can we discuss the recent scrapping of Rs 500 and Rs 1000 notes by the Indian government? How do you think it will help in reducing black money and corruption?
Sure! The scrapping of these notes is a significant step taken by the Indian government to fight against black money and corruption in the country. By making these notes illegal tender, the government hopes to break the backbone of the underground economy that runs largely on these denominations. It is also aimed at encouraging citizens to switch to digital payments and banking transactions, which can be tracked and taxed more easily.