The conversation between human and AI assistant.
What is the reason behind PM Modi's decision to abolish Rs 500 and 1000 currency notes from today (8 November 2016) midnight?
How will it help in curbing black money?
Well, the Rs 500 and 1000 notes accounted for a significant portion of unaccounted-for wealth or black money in India. By removing them as legal tender, the government hopes to reduce the amount of black money in circulation and force people to disclose their undeclared income, pay taxes, and become more accountable.