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What can be the possible effects of removing 500 and 1000 rupee currency notes?
I would like your opinion on the recent decision to remove 500 and 1000 rupee currency notes in India. What do you think will be the possible effects of this decision?
The decision to remove 500 and 1000 rupee currency notes in India is likely to have both positive and negative effects. One possible positive effect is that it could reduce corruption and illegal activities, since these high denomination notes are often used for illegal transactions. On the other hand, there could be negative effects on small businesses and individuals who rely on cash transactions for their daily needs.