Demonetisation Notes Ban

Gwalior police caught a man with Rs 47 lakhs of banned currency notes of Rs 500 and Rs 1,000 in the district, a police official said on Monday.

The bank clarified that the Rs 2000 notes will continue to be legal tender even after September 30.

In a strong dissent to the Supreme Court's decision on demonetisation, Shiv Sena in its mouthpiece 'Saamana' on Wednesday said that calling the government decision "valid" means to "support the economic massacre of the country".

Six years after the shock move to ban 86 per cent of the currency in circulation, cash is still the king with official data showing close to doubling of cash with the public.

Finance Minister Nirmala Sitharaman today welcomed the Supreme Court's verdict on demonetisation.

Law Minister Kiren Rijiju on Monday accused the Congress of attempting to "twist" the issue of demonetisation and "misinform" people after opposition leaders played down the Supreme Court verdict upholding the government's 2016 decision.

Prime Minister Narendra Modi's shock decision to ban Rs 1,000 and Rs 500 notes in November 2016, was not flawed or unlawful, the Supreme Court said today in a majority 4:1 verdict.

The Supreme Court on Monday upheld the Centre's 2016 note ban move, saying the decision-making process was not flawed merely because the procedure emanated from the government.

The BJP on Monday hailed the Supreme Court judgment upholding the government's demonetisation exercise as "historic" and slammed the Congress for its campaign against the decision.

The Supreme Court's verdict on demonetisation deals only with the decision-making process, and it is "misleading" to say that the court has upheld the notes ban, the Congress said today.

Justice Nagarathna also held that, like previous instances, Demonetisation could have been initiated through an Act of Parliament and not by an Executive Notification.

The petitioners included lawyers, a political party, co-operative banks and individuals, all of whom challenged the decision in the court.

The Supreme Court today upheld the demonetisation of Rs 1,000 and Rs 500 currency notes. Justice BV Nagarathna dissented as the four other judges of the five-judge bench ruled in favour of the Centre's 2016 exercise.

The Supreme Court backed Prime Minister Narendra Modi's 2016 notes ban today in a landmark 4-1 majority judgment and said it was "not relevant" whether the objective of the overnight ban was achieved. One judge disagreed, calling the move "unlawful".

The Supreme Court will today pronounce its verdict on a batch of petitions challenging the Union Government's 2016 decision to demonetise the currency bills of Rs 500 and Rs 1,000 denominations.

Gwalior police caught a man with Rs 47 lakhs of banned currency notes of Rs 500 and Rs 1,000 in the district, a police official said on Monday.

The bank clarified that the Rs 2000 notes will continue to be legal tender even after September 30.

In a strong dissent to the Supreme Court's decision on demonetisation, Shiv Sena in its mouthpiece 'Saamana' on Wednesday said that calling the government decision "valid" means to "support the economic massacre of the country".

Six years after the shock move to ban 86 per cent of the currency in circulation, cash is still the king with official data showing close to doubling of cash with the public.

Finance Minister Nirmala Sitharaman today welcomed the Supreme Court's verdict on demonetisation.

Law Minister Kiren Rijiju on Monday accused the Congress of attempting to "twist" the issue of demonetisation and "misinform" people after opposition leaders played down the Supreme Court verdict upholding the government's 2016 decision.

Prime Minister Narendra Modi's shock decision to ban Rs 1,000 and Rs 500 notes in November 2016, was not flawed or unlawful, the Supreme Court said today in a majority 4:1 verdict.

The Supreme Court on Monday upheld the Centre's 2016 note ban move, saying the decision-making process was not flawed merely because the procedure emanated from the government.

The BJP on Monday hailed the Supreme Court judgment upholding the government's demonetisation exercise as "historic" and slammed the Congress for its campaign against the decision.

The Supreme Court's verdict on demonetisation deals only with the decision-making process, and it is "misleading" to say that the court has upheld the notes ban, the Congress said today.

Justice Nagarathna also held that, like previous instances, Demonetisation could have been initiated through an Act of Parliament and not by an Executive Notification.

The petitioners included lawyers, a political party, co-operative banks and individuals, all of whom challenged the decision in the court.

The Supreme Court today upheld the demonetisation of Rs 1,000 and Rs 500 currency notes. Justice BV Nagarathna dissented as the four other judges of the five-judge bench ruled in favour of the Centre's 2016 exercise.

The Supreme Court backed Prime Minister Narendra Modi's 2016 notes ban today in a landmark 4-1 majority judgment and said it was "not relevant" whether the objective of the overnight ban was achieved. One judge disagreed, calling the move "unlawful".

The Supreme Court will today pronounce its verdict on a batch of petitions challenging the Union Government's 2016 decision to demonetise the currency bills of Rs 500 and Rs 1,000 denominations.