Supreme Court On Currency Ban

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.

The Supreme Court is likely to give its verdict today on petitions challenging the centre's decision of November 2016 to ban Rs 1,000 and Rs 500 currency notes. Rs 10 lakh crore was wiped out of circulation overnight because of the move.

Calling the demonetisation of Rs 500 and Rs 1000 currency notes "deeply flawed", senior lawyer P Chidambaram told the Supreme Court on Thursday the Union government cannot on its own initiate any proposal relating to legal tender.

The Supreme Court on Wednesday deferred to November 24 the hearing on a batch of pleas challenging the Centre's 2016 decision to demonetise currency notes of denomination of Rs 500 and Rs 1000.

The Supreme Court on Wednesday allowed dealing in cryptocurrency, quashing an earlier ban imposed by the Reserve Bank of India (RBI) on trading in virtual currencies such as Bitcoin. The development came as a major relief for the sector, as the RBI ban restricted lenders from facilitating banking transactions for cryptocurrency exchanges and trader...

The RBI had set a deadline of three months starting April 6 to stop dealing in bitcoins and other virtual currencies.

According to the April 6 circular, the entities regulated by the RBI are prohibited from providing any service in relation to virtual currencies.

Bitcoin ban: Cryptocurrency stakeholders are eyeing the expiry of three-month deadline given by RBI to banks, and also the Supreme Court's hearing on July 20

Hinting that the RBI's latest revelations on demonetisation pointed to a "big scam", West Bengal Chief Minister Mamata Banerjee on Wednesday claimed the entire exercise of banning high value currencies was a "total flop show' and demanded a thorough investigation on the issue while urging the Supreme Court to provide justice to people.

The central bank refused to share noting on the decision to limit currency conversion window till March 31 only for NRIs saying it would be against the economic interests of the state.

The Delhi High Court today said that it will not go into the correctness of the centre's policy on currency ban as the Supreme Court is already seized of the issue.

The Supreme Court today agreed to hear on November 23 a plea of the Centre seeking transfer of all demonetisation cases to either one high court or the Supreme Court.

The Supreme Court on Friday refused to grant urgent hearing to a plea seeking quashing of the Centre's November 8 notification demonetising Rs 1,000 and Rs 500 currency notes on various grounds, including that political parties and religious institutions have not been allowed to deposit the old notes in banks.

For the second time in a week, the centre faced tough questions on the notes ban from the Supreme Court, which said: "There are difficulties. You can't dispute that."

Why would you do that was the Supreme Court's withering response today to a lawyer who complained that the new Rs 2,000 note bleeds colour when it's wet.

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.

The Supreme Court is likely to give its verdict today on petitions challenging the centre's decision of November 2016 to ban Rs 1,000 and Rs 500 currency notes. Rs 10 lakh crore was wiped out of circulation overnight because of the move.

Calling the demonetisation of Rs 500 and Rs 1000 currency notes "deeply flawed", senior lawyer P Chidambaram told the Supreme Court on Thursday the Union government cannot on its own initiate any proposal relating to legal tender.

The Supreme Court on Wednesday deferred to November 24 the hearing on a batch of pleas challenging the Centre's 2016 decision to demonetise currency notes of denomination of Rs 500 and Rs 1000.

The Supreme Court on Wednesday allowed dealing in cryptocurrency, quashing an earlier ban imposed by the Reserve Bank of India (RBI) on trading in virtual currencies such as Bitcoin. The development came as a major relief for the sector, as the RBI ban restricted lenders from facilitating banking transactions for cryptocurrency exchanges and trader...

The RBI had set a deadline of three months starting April 6 to stop dealing in bitcoins and other virtual currencies.

According to the April 6 circular, the entities regulated by the RBI are prohibited from providing any service in relation to virtual currencies.

Bitcoin ban: Cryptocurrency stakeholders are eyeing the expiry of three-month deadline given by RBI to banks, and also the Supreme Court's hearing on July 20

Hinting that the RBI's latest revelations on demonetisation pointed to a "big scam", West Bengal Chief Minister Mamata Banerjee on Wednesday claimed the entire exercise of banning high value currencies was a "total flop show' and demanded a thorough investigation on the issue while urging the Supreme Court to provide justice to people.

The central bank refused to share noting on the decision to limit currency conversion window till March 31 only for NRIs saying it would be against the economic interests of the state.

The Delhi High Court today said that it will not go into the correctness of the centre's policy on currency ban as the Supreme Court is already seized of the issue.

The Supreme Court today agreed to hear on November 23 a plea of the Centre seeking transfer of all demonetisation cases to either one high court or the Supreme Court.

The Supreme Court on Friday refused to grant urgent hearing to a plea seeking quashing of the Centre's November 8 notification demonetising Rs 1,000 and Rs 500 currency notes on various grounds, including that political parties and religious institutions have not been allowed to deposit the old notes in banks.

For the second time in a week, the centre faced tough questions on the notes ban from the Supreme Court, which said: "There are difficulties. You can't dispute that."

Why would you do that was the Supreme Court's withering response today to a lawyer who complained that the new Rs 2,000 note bleeds colour when it's wet.