The conversation between human and AI assistant.
What will be the positive and negative effects of demonization of ₹500/1000 notes on Indian economy?
How has demonetization impacted tax revenue?
Demonetization has led to discovery of a significant amount of unaccounted income, which can now be used for tax collection purposes. It has also increased compliance due to greater transparency and increased banking transactions, which has resulted in more taxes being collected.