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?
Has the overall impact been successful?
While it is still early to measure the full impact, there has been a notable reduction in the use of cash for illegal transactions. However, it will take time to completely eradicate black money from the economy. The government has also taken various other steps to promote digital transactions and increase tax compliance, which will further help in curbing black money.