-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,...

-TheWire.in Refusal to disclose reasons for the Demonetisation decision does not stand up to legal scrutiny, RTI experts say. New Delhi: It’s time to call it the Reserved Bank of India. Fifty days after the board of India’s central bank voted to discontinue all Rs 500 and Rs 1000 notes and the prime minister announced the Demonetisation of 86% of India’s cash stock,  the Reserve Bank of India has said the reasons for...

-PTI While the Government and banks want transparency from citizens, they refuse to be transparent themselves as the RBI again refuses to respond to RTI applications seeking reasons for Demonetisation Why were Rs. 1,000 and Rs. 500 notes demonetised by the government? Fifty days after the government announced that these notes would cease to be legal tender, Reserve Bank of India feels that the reasons behind the sudden announcement cannot be made public. The...

A press statement issued from the Right to Food Campaign on 27 December, 2016 says that the Demonetisation of old currency notes of Rs. 500/- and Rs. 1000/- denomination wreaked havoc on the livelihood security of the poor people. The labouring and toiling masses, who are mostly engaged in the informal sector, have been adversely affected due to the scrapping of old currency notes of Rs. 500/- and Rs. 1000/-...

-Down to Earth Government’s policy decisions and ground reports are in conflict with official data on sowing, production and agriculture insurance The Centre’s claim of 94 million metric tonnes (MT) (2015-16) of wheat production, good sowing acreage and success of agriculture insurance scheme is not in sync with reality as government’s own data do not match agriculture ministry’s claims.   The data related to increased acreage, bumper production and success of agriculture...