-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...
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Questions on cash goalposts -Jayanta Roy Chowdhury
-The Telegraph New Delhi: The Narendra Modi government has started to fumble for explanations, with the original raison d'etre for the demonetisation drive coming under strain because of the high volume of cash deposits that have poured into bank accounts. Almost 80 per cent of the Rs 500 and Rs 1,000 notes that were demonetised on November 9 has come straight back into the banking system, prompting the government to change the...
More »For Gond tribals, depositing cash a Herculean task -Suvojit Bagchi
-The Hindu They are often detained for carrying their annual savings — Rs.5,000 to Rs.6,000 — to nearby banks. Kolkata: Deep inside the forested areas of Bastar in south Chhattisgarh, the Gond tribals are confronting a “new problem” besides the usual ones. They are often detained for carrying their annual savings — Rs.5,000 to Rs.6,000 — to nearby banks, which is commonly as far as 50 km from their villages. “We are suspected...
More »Queues of pain for tiny gain on black money? -Subodh Varma
-The Times of India NEW DELHI: The aam aadmi putting up with the widespread distress and economic loss caused by declaring invalid all Rs 500 and Rs 1,000 currency notes sees a positive side to the move — it will unearth and stamp out black money. This is one of the stated objectives in the government's notification of November. There is also the target of finishing off Fake currency, which harms...
More »Army Told to Disclose Macchil Fake Encounter Details -Gaurav Vivek Bhatnagar
-TheWire.in Following a petition filed by RTI activist, Venkatesh Nayak, the Central Information Commission has ordered the army to disclose the proceedings of its court martial from 2013. The Central Information Commission (CIC) has directed the army to disclose all proceedings related to the general court martial which was constituted by it in 2013. The court martial was tasked with the trial of the accused in the extra-judicial killing of 3 people...
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