Letter to BS: Sacrifice convenience for business transactions

Simultaneously, the supply of small denomination notes by the Reserve Bank of India should increase to make small business transactions easier

This is with reference to “In defence of Rs 2,000” (April 25). The convenience of a Rs  2,000 currency note for business and social transactions is well known. In the past, we have experiences the convenience with Rs 500 note and Rs 1,000 note too. However, in the current backdrop and the availability of a better electronic architecture for e-transactions, the availability of more Jan Dhan accounts and improved banking penetration and other such electronic conveniences for business transactions, the importance of the Rs 2,000 is over-stated in your esteemed editorial.

It is well known that pay-offs during election campaigns is