Demonetisation
Supreme Court's demonetisation verdict a 'message for the Opposition': Amit Malviya
New Delhi/IBNS: The Supreme Court's verdict favouring the Modi government's 2016 demonetisation move was a "message for the opposition not to lean on the judiciary to settle political scores", said Bharatiya Janata Party (BJP)'s national executive member Amit Malviya on Monday.
Malviya tweeted, "Defining line from Supreme Court’s judgement on demonetisation: Court cannot supplant the wisdom of executive with its wisdom.
"It is a message for the opposition not to lean on judiciary to settle political scores. The role of the executive and judiciary are clearly defined…"
Defining line from Supreme Court’s judgement on demonetisation: Court cannot supplant the wisdom of executive with its wisdom.
— Amit Malviya (@amitmalviya) January 2, 2023
It is a message for the opposition not to lean on judiciary to settle political scores. The role of the executive and judiciary are clearly defined…
The Supreme Court on Monday backed the Narendra Modi government's controversial 2016 demonetisation move, in a setback for the opposition parties that have been targeting the Centre over the step for years.
The judges have stated the central government has the power to take such a move.
The note ban can't be struck on the grounds of proportionality, the court said.
Four judges in the five-judge bench headed by Justice SA Nazeer said the Centre is required to consult the Reserve Bank of India (RBI) before such a move and the two had consulted twice in six months.
The court also said a period of 52 days to exchange the old notes with the new ones was "not unreasonable".
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