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LATEST NEWS UPDATES | Govt stays firm, refuses to reopen note swap window -Dhananjay Mahapatra

Govt stays firm, refuses to reopen note swap window -Dhananjay Mahapatra

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published Published on Jul 18, 2017   modified Modified on Jul 18, 2017
-The Times of India

NEW DELHI: Ignoring the Supreme Court's prod to provide a fresh window to those who could not exchange scrapped Rs 500 and Rs 1,000 notes by last December 30 because of genuine difficulty, the Centre on Monday firmly said that no new opportunity would be given for the exchange of the outlawed currency as it could be misused.Centre on Monday firmly said that no new opportunity would be given for the exchange of the outlawed currency as it could be misused.

"The very object of demonetisation and elimination of black money will be defeated if a window is opened for further period as the persons in possession of scrapped currency notes would have had sufficient time and opportunity to carefully plan the reasons and excuses for not depositing them by the December 30 deadline," the finance ministry told the court through an affidavit.

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The Times of India, 18 July, 2017, http://timesofindia.indiatimes.com/india/govt-stays-firm-refuses-to-reopen-note-swap-window/articleshow/59640918.cms


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