Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

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                            <div align="justify">-Scroll.in<br /><br /><em>Without it demonetisation would be legal, but the RBI would continue to remain under a legal obligation to keep on exchanging the old notes with new ones.<br /></em><br />On November 8, 2016 the Rs 500 and Rs 1,000 notes were &ldquo;demonetised&rdquo;. This move has raised three interesting legal questions. Writ petitions have been filed across the country challenging the legality of demonetisation. Petitions are pending before High Courts of Kerala, Bombay, Delhi, Hyderabad, Gujarat, Karnataka, Calcutta and Allahabad. Till now, only Madras High Court has held that the move is constitutionally valid and refrained from interfering since it is a policy decision of the government. As per media reports, the Supreme Court has consistently refused to stay the high court proceedings. The Apex Court itself is hearing four petitions challenging demonetisation.<br /><br />Demonetisation is not a novel idea in India. We have experienced two instances before &ndash; in 1946 and 1978. Those were also challenged in courts and a rich body of Indian case law exists on demonetisation. This case law suggests that although a demonetisation can be done through a notification, a Presidential Ordinance or Parliamentary Act is necessary to:<br /><br />1. Prohibit transfer or receipt of the banknotes that have ceased to be legal tender, so that these do not reflect anymore as a liability on the Issue Department of the Reserve Bank of India.<br />2. Restrict the RBI&rsquo;s legal obligation to exchange the old notes with new notes.<br /><br />Please <a href="https://scroll.in/article/823126/why-a-parliamentary-act-or-ordinance-is-needed-for-demonetisation" title="https://scroll.in/article/823126/why-a-parliamentary-act-or-ordinance-is-needed-for-demonetisation">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://scroll.in/article/823126/why-a-parliamentary-act-or-ordinance-is-needed-for-demonetisation" class="re" target="_blank">Scroll.in, 28 December, 2016, https://scroll.in/article/823126/why-a-parliamentary-act-or-ordinance-is-needed-for-demonetisation</a><div class="clear"></div>
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                            <div align="justify">-Scroll.in<br /><br /><em>Without it demonetisation would be legal, but the RBI would continue to remain under a legal obligation to keep on exchanging the old notes with new ones.<br /></em><br />On November 8, 2016 the Rs 500 and Rs 1,000 notes were &ldquo;demonetised&rdquo;. This move has raised three interesting legal questions. Writ petitions have been filed across the country challenging the legality of demonetisation. Petitions are pending before High Courts of Kerala, Bombay, Delhi, Hyderabad, Gujarat, Karnataka, Calcutta and Allahabad. Till now, only Madras High Court has held that the move is constitutionally valid and refrained from interfering since it is a policy decision of the government. As per media reports, the Supreme Court has consistently refused to stay the high court proceedings. The Apex Court itself is hearing four petitions challenging demonetisation.<br /><br />Demonetisation is not a novel idea in India. We have experienced two instances before &ndash; in 1946 and 1978. Those were also challenged in courts and a rich body of Indian case law exists on demonetisation. This case law suggests that although a demonetisation can be done through a notification, a Presidential Ordinance or Parliamentary Act is necessary to:<br /><br />1. Prohibit transfer or receipt of the banknotes that have ceased to be legal tender, so that these do not reflect anymore as a liability on the Issue Department of the Reserve Bank of India.<br />2. Restrict the RBI&rsquo;s legal obligation to exchange the old notes with new notes.<br /><br />Please <a href="https://scroll.in/article/823126/why-a-parliamentary-act-or-ordinance-is-needed-for-demonetisation" title="https://scroll.in/article/823126/why-a-parliamentary-act-or-ordinance-is-needed-for-demonetisation">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://scroll.in/article/823126/why-a-parliamentary-act-or-ordinance-is-needed-for-demonetisation" class="re" target="_blank">Scroll.in, 28 December, 2016, https://scroll.in/article/823126/why-a-parliamentary-act-or-ordinance-is-needed-for-demonetisation</a><div class="clear"></div>
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    <h1 class="cat-box-title">Why a Parliamentary Act - or ordinance - is needed for demonetisation -Pratik Datta &amp; Rajeswari Sengupta</h1>
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                            <div align="justify">-Scroll.in<br /><br /><em>Without it demonetisation would be legal, but the RBI would continue to remain under a legal obligation to keep on exchanging the old notes with new ones.<br /></em><br />On November 8, 2016 the Rs 500 and Rs 1,000 notes were &ldquo;demonetised&rdquo;. This move has raised three interesting legal questions. Writ petitions have been filed across the country challenging the legality of demonetisation. Petitions are pending before High Courts of Kerala, Bombay, Delhi, Hyderabad, Gujarat, Karnataka, Calcutta and Allahabad. Till now, only Madras High Court has held that the move is constitutionally valid and refrained from interfering since it is a policy decision of the government. As per media reports, the Supreme Court has consistently refused to stay the high court proceedings. The Apex Court itself is hearing four petitions challenging demonetisation.<br /><br />Demonetisation is not a novel idea in India. We have experienced two instances before &ndash; in 1946 and 1978. Those were also challenged in courts and a rich body of Indian case law exists on demonetisation. This case law suggests that although a demonetisation can be done through a notification, a Presidential Ordinance or Parliamentary Act is necessary to:<br /><br />1. Prohibit transfer or receipt of the banknotes that have ceased to be legal tender, so that these do not reflect anymore as a liability on the Issue Department of the Reserve Bank of India.<br />2. Restrict the RBI&rsquo;s legal obligation to exchange the old notes with new notes.<br /><br />Please <a href="https://scroll.in/article/823126/why-a-parliamentary-act-or-ordinance-is-needed-for-demonetisation" title="https://scroll.in/article/823126/why-a-parliamentary-act-or-ordinance-is-needed-for-demonetisation">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://scroll.in/article/823126/why-a-parliamentary-act-or-ordinance-is-needed-for-demonetisation" class="re" target="_blank">Scroll.in, 28 December, 2016, https://scroll.in/article/823126/why-a-parliamentary-act-or-ordinance-is-needed-for-demonetisation</a><div class="clear"></div>
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Why a Parliamentary Act - or ordinance - is needed for demonetisation -Pratik Datta & Rajeswari Sengupta

Published on Dec 31, 2016   Modified on Dec 31, 2016

-Scroll.in Without it demonetisation would be legal, but the RBI would continue to remain under a legal obligation to keep on exchanging the old notes with new ones. On November 8, 2016 the Rs 500 and Rs 1,000 notes were “demonetised”. This move has raised three interesting legal questions. Writ petitions have been filed across the country challenging the legality of demonetisation. Petitions are pending before High Courts of Kerala, Bombay, Delhi, Hyderabad, Gujarat, Karnataka, Calcutta and Allahabad. Till now, only Madras High Court has held that the move is constitutionally valid and refrained from interfering since it is a policy decision of the government. As per media reports, the Supreme Court has consistently refused to stay the high court proceedings. The Apex Court itself is hearing four petitions challenging demonetisation. Demonetisation is not a novel idea in India. We have experienced two instances before – in 1946 and 1978. Those were also challenged in courts and a rich body of Indian case law exists on demonetisation. This case law suggests that although a demonetisation can be done through a notification, a Presidential Ordinance or Parliamentary Act is necessary to: 1. Prohibit transfer or receipt of the banknotes that have ceased to be legal tender, so that these do not reflect anymore as a liability on the Issue Department of the Reserve Bank of India. 2. Restrict the RBI’s legal obligation to exchange the old notes with new notes. Please click here to read more.

Scroll.in, 28 December, 2016, https://scroll.in/article/823126/why-a-parliamentary-act-or-ordinance-is-needed-for-demonetisation

Tagged with: Reserve Bank of India Currency demonetisation Demonetisation RBI

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