-PTI While the Government and banks want transparency from citizens, they refuse to be transparent themselves as the RBI again refuses to respond to RTI applications seeking reasons for Demonetisation Why were Rs. 1,000 and Rs. 500 notes demonetised by the government? Fifty days after the government announced that these notes would cease to be legal tender, Reserve Bank of India feels that the reasons behind the sudden announcement cannot be made public. The...

-Scroll.in Without it demonetisation would be legal, but the RBI would continue to remain under a legal obligation to keep on exchanging the old notes with new ones. On November 8, 2016 the Rs 500 and Rs 1,000 notes were “demonetised”. This move has raised three interesting legal questions. Writ petitions have been filed across the country challenging the legality of demonetisation. Petitions are pending before High Courts of Kerala, Bombay, Delhi,...

A press statement issued from the Right to Food Campaign on 27 December, 2016 says that the demonetisation of old currency notes of Rs. 500/- and Rs. 1000/- denomination wreaked havoc on the livelihood security of the poor people. The labouring and toiling masses, who are mostly engaged in the informal sector, have been adversely affected due to the scrapping of old currency notes of Rs. 500/- and Rs. 1000/-...

-Hindustan Times New Delhi: The Union cabinet cleared on Wednesday an ordinance to penalise those found holding a “high amount” of scrapped banknotes. The Specified Bank Notes Cessation of Liabilities Ordinance makes holding a large number of old Rs 1000 and Rs 500 notes a criminal offence that will attract a jail term and a monetary penalty of five times the amount of old cash one is caught with. The ordinance allows exchange...

-TheWire.in The official line seems to be, ‘Show me your money but I won’t show you my records’. New Delhi: While the Reserve Bank of India has been forthcoming in placing on its website the minutes of meetings of all committees that provide it with advice, an RTI activist has accused it of deliberately withholding information on the recent demonetisation exercise. Seen against the backdrop of a top finance ministry official –...