Note Demonetisation
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Demonetisation shook India’s trust in currency. RBI must ensure that doesn’t happen again
For a currency aspiring to become an international reserve currency, this could be a serious setback.
Kaushik Jayaram
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Protests erupt in Nigeria amid shortage of cash due to demonetisation move
India too had faced a cash crunch following the government’s decision to ban Rs 500 and Rs 1,000 notes in November 2016.
Scroll Staff
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Explainer: Why the Supreme Court upheld the legality of Modi government’s 2016 demonetisation move
In a 4:1 split, the court held that the decision to withdraw Rs 500 and Rs 1,000 notes did not violate any legal or constitutional provisions.
Umang Poddar
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Dissenting verdict on demonetisation is a ‘welcome slap’ on Centre’s wrist, says Congress
While four Supreme Court judges said that the decision cannot be struck down, Justice BV Nagarathna held the exercise was unlawful.
Scroll Staff
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Supreme Court asks Centre, RBI to produce records of demonetisation
The court has reserved its verdict on 58 pleas challenging the government’s 2016 decision to ban currencies of Rs 500 and Rs 1,000 denominations.
Scroll Staff
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Hardships faced by public cannot be seen as fault of demonetisation, Centre tells Supreme Court
The attorney general said that even if the initial objective of the exercise was not achieved, the entire policy cannot be invalidated.
Scroll Staff
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Supreme Court adjourns demonetisation hearing to November 24 after Centre fails to file affidavit
The Union government was given four weeks to file its stand, said Justice S Abdul Nazeer.
Scroll Staff
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Supreme Court says it will examine demonetisation exercise, seeks affidavit from Centre, RBI
A five-judge bench said said while it is aware of the ‘lakshman rekha’, it will still have to undertake a review of the decision-making process.
Scroll Staff
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SC to examine if pleas challenging demonetisation have become an academic exercise
A five-judge bench will hear the matter next on October 12.
Scroll Staff
The Reel
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Celebrating demonetisation is like cutting a cake on a victim’s grave, says Shiv Sena
The party also called the Centre’s 2016 note ban move a ‘black chapter’ in India’s history.
Scroll Staff
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Demonetisation helped ‘crony capitalist friends’, claims Gandhi; PM calls it ‘boost to transparency’
The Congress is observing the fourth anniversary of demonetisation as ‘Vishwasghaat Diwas [Betrayal Day]’.
Scroll Staff
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Demonetisation: Sonia Gandhi says Congress will ensure India does not forget ‘Tughlaki blunder’
Former Finance Secretary Subhash Chandra Garg suggested that Rs 2,000 notes can be demonetised as a large chunk of them were not in circulation.
Scroll Staff
The Field
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