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How is black money curbed with the ban of 1000 rupee notes and introducing new 500 and 2000 rupee notes?
Can you tell me about the ban of 1000 rupee notes and the introduction of new 500 and 2000 rupee notes? How is this curbing black money in India?
The ban of 1000 rupee notes and the introduction of new 500 and 2000 rupee notes were part of the government's plan to curb black money in India. By demonetizing the higher currency notes, the government aimed to flush out and eliminate the unaccounted wealth that was stashed away in these notes.