With reference to the recent development where the government has demonetised Rs 500 and Rs 1000 notes in the country,  Mr Vipin Sondhi, MD & CEO, JCB India says, "The announcement by the Honourable Prime Minister, Shri Narendra Modi to demonetise Rs 500 and Rs 1000 notes is a very bold and ambitious step by the Government to curb black money. This will help the country move towards more digital transactions and become a cashless economy. After GST, this is another major effort by the government towards its vision of Transforming India into a global investment destination."