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Abstract

Demonetization can be said as a "Surgical Strike" on black money. It can also be said as ‘Swachha Bharat Initiative’ in the terms of making India free from the garbage of black money. Black money sows the seeds of corruption and money laundering in many sectors. It leads many social, unethical and economic struggles, helps in funding of terrorism, affects real estate and funds illegal activities in the country.

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