Demonetisation
Supreme Court to probe Narendra Modi govt's demonetisation policy
New Delhi/IBNS: While noting that there is a line, "Lakshman Rekha", to how far courts can challenge government policy decisions, the Supreme Court Wednesday said it will still hear petitions against the 2016 demonetisation of high-value currency notes.
The apex court will hear the matter on Nov 9.
It wants the central government to "keep ready" the files about the decision to ban Rs. 500 and Rs. 1,000 notes when over 80 per cent of these notes were in circulation.
The demonetisation policy was announced in a sudden, late-evening address by Prime Minister Narendra Modi on Nov 8, 2016, as an "anti-corruption" measure.
The top court also wants the Centre and the Reserve Bank to file responses.
One of the chief questions the court wants to answer is whether the hearings will now be just an "academic" exercise after six years.
New high-value notes have since been put into the circulation even as people lined up for days to exchange the cancelled notes.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
