Avoid note ban mistakes

One reason for issuance of (Rs 200) notes could be to meet shortage of lower denomination notes

With reference to the report, “Another new note, this time for Rs 200, from RBI on its way?” (April 5), the Central Board of the Reserve Bank of India has cleared the associated proposal.
 

One reason for the issuance of these notes could be to meet the overall shortage of lower denomination banknotes. As there is no official confirmation from the RBI about the move, people would have to wait for the government to clear the air. If the news turns out to be true, I hope the mistakes of the November 2016 demonetisation are not repeated. 

S K Gupta New Delhi
Letters can be mailed, faxed or e-mailed to: 

The Editor, Business Standard

Nehru House, 4 Bahadur Shah Zafar Marg 

New Delhi 110 002 

Fax: (011) 23720201  ·  E-mail: letters@bsmail.in

All letters must have a postal address and telephone number