Withdrawal of 500 & 1000 Rs currency notes completely.
To absorb sudden liquidity shortage in economy, special adequate numbered / featured new 500, 1000 & 2000* Rs. currency notes to be introduced in a calculated way.
(2000 rupees note to be introduced just to control number of pieces and provide adequate value for transaction balancing) *These new notes are just a stand-by or stop-gap adjustment and can be demonetized / withdrawn after a smooth transition from current cash-based, non-transparent system to a well-banked, transparent economy.
A Way towards Principled, Prosperous and Peaceful living