Industry will suffer, but it’s for the greater good

With a view to curb Fake Indian Currency Notes (FICN) and eliminating black money, the government has decided to cancel the legal tender character of the high denomination bank notes of Rs. 500 and Rs. 1000 denominations issued by RBI till now, with effect from November 9, 2016. Tourism Breaking News finds out from industry leaders how this unexpected drive will affect the travel and tourism trade.