-PTI/ NDTV.com The Centre said judicial review of an economic policy may be restricted to where the court may only determine if there is a rational nexus with the object sought to be achieved through the means. New Delhi: Fake currency, terror financing and black money are three evils and are like 'Jarasandha' (an antagonist in Mahabharat) and should be cut into pieces, the Centre told the Supreme Court on Monday while...
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Would the government have brushed aside the Reserve Bank of India if it had objected to demonetisation, Supreme Court asks Centre
-The Hindu The question came in response to the Attorney General’s statement that the government and the RBI had ‘acted in consultation’ to notify demonetisation in November 2016 The Supreme Court on Monday asked the government whether it would have brushed aside objections from the Reserve Bank of India (RBI) had the Central bank opposed the demonetisation policy. The question from the Constitution Bench led by Justice S. Abdul Nazeer came after Attorney...
More »‘Did RBI inform govt of impact on circulation?’: SC asks govt on demonetisation -Abraham Thomas
-Hindustan Times Under the Reserve Bank of India (RBI) Act Section 26(2), a recommendation by the RBI’s Central Board precedes any decision to demonetise any series of currency notes. The Supreme Court on Friday asked the central government if the Reserve Bank of India (RBI) had informed it that demonetisation will result in the withdrawal of over 86% currency in circulation. Making a query to the Centre as part of its consideration of...
More »Independence of EC destroyed by all govts, says SC -Utkarsh Anand
-Hindustan Times Successive governments have “completely destroyed” the independence of the Election Commission of India (ECI) by ensuring no chief election commissioner (CEC) gets the full six-year term to head the poll body since 1996, a Constitution Bench in the Supreme Court lamented on Tuesday, adding that absence of a law for appointment of election commissioners (ECs) has resulted in an “alarming trend”. The five-judge bench further remarked that the silence of...
More »RBI was consulted on demonetisation, says Centre
-The Telegraph Decision was kept closely guarded to root out the menace of black money, money laundering, tax evasion and other illegal activities: Modi government The Centre on Wednesday defended the 2016 demonetisation policy, saying “the withdrawal of the legal tender character of a significant portion of total currency value was a well-considered decision” taken after extensive consultations with the RBI. The decision was kept closely guarded to root out the menace of...
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