Supreme Court upholds 2016 note ban with 4:1 majority verdict
NEW DELHI: More than six years after the Centre’s decision to demonetise the Rs 1,000 and Rs 500 denomination notes, the Supreme Court in a 4:1 majority verdict on Monday upheld the 2016 move, saying the decision-making process was not flawed merely because the procedure emanated from the government. Ruling that the decision to scrap […]
Supreme Court to pronounce verdict on pleas against demonetisation on Monday
NEW DELHI: The Supreme Court is scheduled to pronounce its judgment on Monday on a batch of pleas challenging the government’s 2016 decision to demonetise currency notes of Rs 1,000 and Rs 500 denominations. A five-judge Constitution bench headed by Justice S A Nazeer, who will retire on January 4, is likely to pronounce its […]
Aware of “Lakshman Rekha” but will examine demonetisation: Supreme Court
NEW DELHI: The Supreme Court said on Wednesday it is aware of the “Lakshman Rekha” on judicial review of government policy decisions but will have to examine the 2016 demonetisation decision to decide whether the issue has become a mere “academic” exercise. A five-judge bench headed by Justice S A Nazeer said when an issue […]
Demonetisation: Data on printing of Rs 2000, Rs 500 notes should be disclosed, says CIC
NEW DELHI: The note printing subsidiary of the Reserve Bank of India (RBI) has failed to explain how disclosure of data on Rs 2000 notes and Rs 500 notes printed after demonetisation will affect economic interests of the state, the Central Information Commission (CIC) has noted ordering its disclosure. The Bhartiya Reserve Bank Note Mudran […]
India’s economic growth held back due to demonetisation, GST: Raghuram Rajan
By Lalit K Jha WASHINGTON: Demonetisation and the Goods and Services Tax (GST) are the two major headwinds that held back India’s economic growth last year, former RBI Governor Raghuram Rajan has said, asserting that the current seven per cent growth rate is not enough to meet the country’s needs. Addressing an audience at the […]