Tuesday, June 18, 2024
English English French Spanish Italian Korean Japanese Russian Hindi Chinese (Simplified)

On Wednesday, the Supreme Court withheld its judgement in a petition challenging the government’s 2016 decision to ban 500 and 1,000 notes and asked the RBI and the Central government to submit all papers related to the demonetization exercise. This comes after 58 petitions were filed before the Supreme Court against the RBI and the Centre in relation to the decision to demonetize on November 8, 2016, at midnight.

Previously, Chidambaram argued that demonetization was a major economic decision that harmed every citizen of the country. He questioned the government’s jurisdiction to demonetize currency notes, citing legislation that only allows the government to cancel specific series of currency notes, not all notes of a given value.

Subscribe

* indicates required

The Enterprise is an online business news portal that offers extensive reportage of corporate, economic, financial, market, and technology news from around the world. Visit to explore daily national, international & business news, track market movements, and read succinct coverage of significant events. The Enterprise is also your reach vehicle to connect with, and read about senior business executives.

Address: 150th Ct NE, Redmond, WA 98052-4166

©2024 The Enterprise – All Right Reserved.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept