The Supreme Court will pronounce on January 2 its verdict on a batch of petitions challenging the decision taken by the Union government in 2016 to demonetise the currency notes of Rs 500 and Rs 1,000 denominations.
Senior Congress leader Hanumanth Rao slammed the Bharatiya Janata Party over employment issues, bifurcation of Andhra Pradesh, and demonetisation and said Congress has to strengthen its own house to fight with all the new parties.
Accusing LS TV, Gandhi said that the channel never turns towards the opposition in the parliamentary session whenever they try to raise the issues like demonetisation or China.
The Supreme Court on Tuesday said that it has the power to examine the manner in which the decision for demonetisation was taken adding that the judiciary cannot fold its hands and sit just because it is an economic policy decision.
Appearing for Centre, Attorney General R Venkatramani and representing RBI, senior advocate Jaideep Gupta has defended the Centre's demonetisation decision before a five-judge constitution bench of the Supreme Court.
He also pointed out that at the time of demonetisation the currency in circulation was Rs 17.9 lakh crore and today, according to RBI, it is 32.18 lakh crore and actually the currency in circulation has increased.
Centre told the SC that the nation underwent an important transformation through a series of economic policies and events and the withdrawal of the legal tender character was one important action in that series.
The Constitution Bench of the Supreme Court on Wednesday deferred the hearing the pleas challenging the Centre's decision to demonetize currency notes of Rs. 500 and Rs 1,000 in 2016 for November 24 and said that they want to conclude the hearing on this issue this year.
The Constitution Bench of the Supreme Court on Wednesday deferred for November 24 for hearing the pleas challenging the Centre's decision to demonetize currency notes of Rs 500 and Rs 1,000 in 2016 and said that they want to conclude the hearing on this issue this year.
New Delhi [India], October 12 (ANI): The Supreme Court's Constitution Bench on Wednesday asked the Centre and Reserve Bank of India (RBI) to file a comprehensive affidavit on the decision to demonetize currency notes of Rs 500 and 1,000 in 2016.
New Delhi [India], September 28 (ANI): The Constitution Bench of the Supreme Court will hear today pleas challenging the centre's decision to demonetise currency notes of Rs 500 and Rs 1,000 in 2016.