The conversation between human and AI assistant.
How will scraping of 500 and 1000 rupees notes help in curbing corruption and black money?
How do you think this will help in curbing corruption and black money?
The scraping of these high denomination notes will make it difficult for individuals to hoard large sums of cash, which is often used to avoid paying taxes and participate in illegal activities. It will also encourage the transition to a cashless economy, which can assist in monitoring financial transactions and detecting illegal activities.