Rs 500 And Rs 1000 Notes Were Demonetised After A Lot Of Thought, Center Tells Supreme Court

The Center gave this information in the affidavit filed in response to the petitions challenging the decision of demonetisation. In the affidavit, it has been said on behalf of the Central Government that demonetisation was part of a larger strategy and an effective measure to deal with the problems of counterfeit currency, terror financing, black money and tax evasion. But it was not limited to only this. This was one of the important steps in a series of transformative economic policy steps.