The conversation between human and AI assistant.
How will black money and corruption be stopped by banning 500 and 1000 notes?
I'm curious about the decision to ban 500 and 1000 rupee notes in India. Can you tell me how this will help stop black money and corruption?
Certainly. The ban on the high-value notes is expected to curb the circulation of unaccounted money or "black money" in the Indian economy. These notes are often used to carry out illegal transactions and avoid taxes, leading to an increase in corruption. By stopping their circulation, the government hopes to make it more difficult for people to engage in such activities.