-Caravan Magazine On 8 November 2016, Prime Minister Narendra Modi made an announcement declaring that notes of Rs 500 and Rs 1,000 would not be legal tender as a part of his government’s policy to clamp down on counterfeiting and black money. It has been widely reported that this policy would directly impact the real-estate sector, which typically witnesses a significant amount of transactions that are made through cash to avoid...

-The Tribune Industries reduce number of shifts as sales fall Faridabad: Industrial units here have started laying off the excess employees, courtesy demonetisation. In the past one month since Rs 500 and Rs 1,000 notes were declared invalid, around 45,000 employees, mostly contractual, have reportedly lost their job in this industrial city. A large number of employees who received their salaries through cheque are still waiting to cash it due to delay in...

-The Telegraph New Delhi: A health consortium today questioned a decision by Delhi High Court earlier this week to quash the Centre's ban on 344 cocktails of two or more medicines and urged doctors across the country to stop prescribing them. The Jan Swasthya Abhiyan (JSA), the Indian section of the global People's Health Movement, said it was shocked at the judgment because there was "no scientific rationale" for the continued use...

-The Telegraph New Delhi: The Supreme Court has decided to examine the constitutional question of whether a political party or a political leader can file a PIL before it. A bench of Justices Dipak Misra and Amitav Roy decided to examine the maintainability of such PILs after attorney-general Mukul Rohatgi said that two PILs filed by an NGO-turned-political outfit, Swaraj Abhiyan, and a Chhattisgarh leader cannot be entertained because of the "political...

-The Economic Times One month after demonetisation, the Supreme Court is hearing several public Interest petitions challenging the constitutional validity of the “demonetisation notification”, which declared that Rs 500 and Rs 1,000 notes would no longer be legal tender post midnight on November 8, 2016. The preamble to the notification stated that its objective was to eliminate fake currency used for financing terrorism and to address the problem of “unaccounted money” in...