[zac99]

Author need to do more research

This process already started 2 years back

Scheme for poor to open Bank accounts with zero balance 2 times intimation given to Black money holders to pay fine and declare assets

Reason for currency demonetization

1. Tackle Fake currency circulated by Pakistan and then keep on printing anfd fund terrorist 1.1 After Currency Ban Many Terrorist activities stopped for ex. in Kashmir as no money to fund terrorist

2. Black money - Just check news how munch Black Money recovered

3. To encourage all to have Bank account

4. To increase IncomeTax return percentage

5. to fight against corruption

6.to make economy and currency strong

There is approximate more than 80% currency in terms of 500 and 1000 notes, its a very big change and there will be minor problems

We all Indians are going to benefit from this decision and we are with our PM and supports his strong decision

[wav-part]

Has government published any stat ?