<span style="color: #222222;">Prime Minister Narendra Modi has said that demonetisation has helped reduce black money, increase tax compliance and formalization and given a boost to transparency.</span><br />'' <span style="color: #222222;"> </span><br />'' <span style="color: #222222;">In a tweet, Mr Modi said, these outcomes have been greatly beneficial towards national progress.</span><br />'' <span style="color: #222222;"> </span><br />'' <span style="color: #222222;">On this day, four years ago in 2016, the Prime Minister addressing the nation had announced about demonetization to break the grip of corruption and black money.</span><br />'' <span style="color: #222222;"> </span><br />'' <span style="color: #222222;">Mr Modi had said that the step will strengthen the hands of the common man in the fight against corruption, black money and fake currency.</span><br />''