500 and 1000 rupee notes were demonetized recently how far is be helpful for Indian economy
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this will help in decreasing of black money
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I think that demonetisation will help to curb the financial malpractices in the country.
This include money for which tax is not paid or in other words , black money.
It is believed that a considerable amount of black money is stored in denominations of 500 and 1000.
Hence , by making it invalid , users will be forced to get rid of them.
This will also help the government to find out the sources of black money circulating in the country.
This include money for which tax is not paid or in other words , black money.
It is believed that a considerable amount of black money is stored in denominations of 500 and 1000.
Hence , by making it invalid , users will be forced to get rid of them.
This will also help the government to find out the sources of black money circulating in the country.
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