On November 8,2016 the government announced its decision to discontinue the legal tender status of Rs 500 and Rs 1000 notes. The original objectives were stated as: A)eliminating fake currency; B)inflicting losses on those with black money; and C)disrupting terror and criminal activities. Later, new objectives were tacked on: D)enabling growth in bank credit, turning India into a cashless economy. Your assessment about whether the benefits/advantages were relatively small when compared with the disadvantages/costs of this Exercise ? Please view the appended presentation to arrive at your decision .


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