The conversation between human and AI assistant.
Will banning 500 and 1000 notes can stop the black money?
Are there any other measures that can be taken to reduce black money?
Yes, there are several other measures that can be implemented to reduce black money in circulation. These include implementing stricter penalties for tax evasion, increasing surveillance on high-value transactions, and promoting the use of digital payments to bring down the demand for cash transactions. It’s important to have a multi-pronged approach to tackle this problem.