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What are the pros and cons of Ceasing Rs. 500 and Rs.1000 Currency Notes in India?
Can you tell me about the pros and cons of Ceasing Rs. 500 and Rs.1000 Currency Notes in India?
Sure, the pros of ceasing Rs. 500 and Rs. 1000 currency notes in India include reducing the black money that is in circulation, decreasing the amount of counterfeit money, and increasing the number of electronic transactions. The cons are that people who have accumulated large amounts of black money may face difficulty in depositing it legally, and individuals with limited access to electronic payment methods may face inconvenience.