The conversation between human and AI assistant.
How will banning Rs. 500 and Rs. 1000 notes help in overcoming corruption in India?
I wanted to discuss the recent ban on Rs. 500 and Rs. 1000 notes in India. How do you think this will help in overcoming corruption?
Well, by banning these high denomination notes, the government is hoping to curb the circulation of black money in the economy. It is believed that a lot of corruption and tax evasion happens through the use of these notes, so by removing them from circulation, it will become harder for people to engage in such activities.