Complex sentence: The Preamble to the Demonetisation Act 1978, highlights the need for demonetisation of high denominations, in public interest, detrimental to Economy of India, due to illegal financial transactions resulting from high denomination bank notes.
Split into simpler sentences: The Preamble to the Demonetisation Act 1978, highlights the need for demonetisation of high denominations, in public interest. The usage of high denomination bank notes was considered detrimental to Economy of India, due to illegal financial transactions resulting from high denomination bank notes.