The conversation between human and AI assistant.
How is black money curbed with the ban of 1000 rupee notes and introducing new 500 and 2000 rupee notes?
Can you tell me the impact of banning 1000 rupee notes on curbing black money?
The ban on 1000 rupee notes made it difficult for people with unaccounted cash to use it for large transactions. This has encouraged people to use digital transactions and deposit money in banks, making it easier for the government to track and tax those transactions. As a result, black money has been curbed to a certain extent.