-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...

-Moneycontrol.com A five-judge Constitution Bench of the Supreme Court was hearing a batch of 58 petitions that challenged the Union Government’s decision to demonetise Rs 500 and Rs 1,000 currency notes six years ago. Junking allegations of any procedural lapses by the Centre during the Demonetisation in November 2016, the Reserve Bank of India told the Supreme Court on December 5 that the central bank itself had recommended the Government of India...

-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...

-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...

-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...