The conversation between human and AI assistant.
What are your views on the ban of Rs 500 and Rs 1000 notes by the Indian Government? Pros cons?
Yes, that's correct. But what do you think were the pros and cons of this decision?
The pros of the decision are that it forced people to disclose their cash holdings and deposit them into banks. This increased government revenue and the money deposited in banks can be used for economic development. It also helped to reduce corruption and counterfeit currency.