The conversation between human and AI assistant.
How will scraping of 500 and 1000 rupees notes help in curbing corruption and black money?
Can you tell me how will scraping of 500 and 1000 rupees notes help in curbing corruption and black money?
The scrapping of high-value notes will make it harder for people to hoard illicit wealth, which may reduce the amount of black money that is being circulated in the economy. Also, it will make it more difficult for people to bribe others with large amounts of cash. This, in turn, will help to reduce corruption.