. Banning 1000 notes first and then 500 notes
Yes the actions should be sudden and we applaud the government for the sudden ban of 500 and 1000 notes but here is some other better way which could have been done. Instead of banning the 500 and 1000 notes in a single go, if they could have banned the 1000 notes first and then after some time 500 notes it could have been much better. So if 1000 notes were banned then the same exchange would have happened with new notes which would demand for a PAN card and ID proof for deposits and after some time when government was sure that the money is flowing enough they should have banned 500 asking the people to exchange with the same terms. Yes, this could have made people to visit banks multiple times but how often do common people carry 1000 rupee notes?