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War on Black Money | Move to Scrap Rs 1,000 and Rs 500 Notes Will Help in Long Run, Says RBI

War on Black Money | Move to Scrap Rs 1,000 and Rs 500 Notes Will Help in Long Run, Says RBI

By November 9, 2016

India has settled on a strict choice of banning general 500 and 1000 rupee notes from flow which is an aftereffect of discovering 1.25 lakh crore dark cash. The Indian government trusts that by taking this choice we can hit illegal businesses down and you would be minimal dissemination of dark cash and extortion would not occur.

The stringent choice has been taken by the legislature and decent PM Narendra Modi to battle against debasement and fake cash including dark cash. Everything enormous has an unpleasant begin as is this. This is a major change for India. I trust it is the initial step for better tomorrow. Your Views?