Part of GK Course here: [ Ссылка ]

In this video we talk about the banning of 500 and 1000 rs. notes. They have been made illegal by the Modi Government.

Why?
Cash Hoarding
Fake Currency
Undeclared income
Illegal activities
Terrorism
Drug-trade
Corruption

What to do with old notes?
Exchange them (upto 4000 Rs. per day)
Voter ID
Aadhar Card
Deposit them in the bank (any amount)
Use them
Petrol Pumps
Hospitals
Crematoriums / Cemeteries
So, what’s the problem?
Undeclared income
Income from illegal sources

Impact
Bring more money in the system
Real Estate Prices
Reset the black-money (cash) clock
Reset the fake-currency clock
Won’t impact foreign banks, gold, etc.
Traceability

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