<h1>Former Judges Applaud Demonetization, Urge More Steps to Prevent Black Money Conversion in India.</h1> The Chairman and Vice-Chairman of the Special Investigation Team on Black Money, both former Supreme Court judges, commended the Indian government's demonetization of Rs. 500 and Rs. 1,000 notes in a letter to the Union Finance Minister. They emphasized the need for additional measures to prevent the conversion of black money into white. Recommendations included instructing banks to report large cash deposits, correlating cash deposits by jewelers with sales records, and setting limits on cash holdings and transactions. These steps aim to ensure the long-term effectiveness of demonetization in curbing black money storage.