The conversation between human and AI assistant.
How does the ban on 500 and 1000 rupee notes helps to identify black money and corruption?
Can you explain to me how the ban on 500 and 1000 rupee notes helps to identify black money and corruption?
Sure! When the government banned the 500 and 1000 rupee notes, people who had large amounts of cash saved up in those denominations were forced to deposit them into their bank accounts. This move was undertaken by the government in order to flush out black money from the economy and make it more transparent.