-Hindustan Times On November 7, the government amended the electoral bonds scheme to allow their sale for 15 extra days during the “year of general elections to the Legislative Assembly of States and Union territories with Legislature NEW DELHI: Electoral bonds worth ₹676.26 crore were sold from November 6 to 15 after the government allowed the sale of bonds for an additional 15 days ahead of state elections in Gujarat and Himachal...
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Hardships faced can’t be seen as shortfall of demonetisation: Centre to SC -Abraham Thomas
-Hindustan Times The petitioners had questioned whether the Government carried out any study linking demonetisation as an effective tool to achieve the objectives of curbing black money, terror financing or fake currency. Hardships caused due to demonetisation cannot be the basis for faulting the Government’s 2016 notification to ban currency notes of ₹500 and ₹1000, the Centre told the Supreme Court, adding that the cutoff date December 30 fixed by the Centre...
More »SC asks RBI to provide quorum details of its Central Board meeting that recommended demonetisation - Srishti Ojha
-India Today Attorney General of India R Venkataramani informed the Apex court that nothing was being hidden and the information, if asked by the court, would be provided. The Supreme Court on Monday inquired into the number of members present in the RBI’s Central Board meeting that decided to make the recommendation regarding the demonetisation of 500 and 1000 rupee currency notes in 2016. A 5-judge Constitution Bench orally asked counsel for the...
More »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 »What Centre Told Supreme Court On Pleas Challenging Demonetisation
-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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