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Demonetization deciphered

The government made a logistical error in printing Rs 2,000 notes instead of arming the banks with millions of Rs 100 notes by November 8, 2016, according to Homi Ranina, tax expert (pictured). He was speaking at the Taj Mahal Palace and Tower Hotel on "Implications of Demonetization” at an event organized jointly by the Rotary Clubs of Bombay Hills South and Golden Hearts on November 24, 2016, a fortnight after Prime Minister Narendra Modi made his now-famous telecast on November 8 that the erstwhile Rs 500 and Rs 1,000 notes would not be legal tender from that date. A......



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