That Rs 500 and Rs 1,000 banknotes abet the circulation of black money, counterfeit currency and corruption is imaginary.
That Rs 500 and Rs 1,000 banknotes abet the circulation of black money, counterfeit currency and corruption is imaginary. That all illegal transactions will end with a ban on certain denominations is a moot point. No doubt the ban will impact the common man as they have to choose between single-hundreds and Rs 2,000 notes. If the objective is to root out corrupt practices, the executive needs to strengthen its governance.
R. Prabhu Raj
Bengaluru
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