can't allow old notes to still be deposited, will defeat purpose of demonetisation: centre tells supreme court

You can see about can't allow old notes to still be deposited, will defeat purpose of demonetisation: centre tells supreme court news article in this page. if you want read more please login.
new delhi, july 17: after being recommended by the supreme court to provide the people with a “window of opportunity” to deposit their old currency notes, centre said the move would defeat the purpose of the demonetisation drive. government further told the apex court that the time-period provided between november 10 to december 30 was sufficient for the people to exchange, or deposit their old currencies in the banks.“if opportunity is given it would defeat the purpose of demonetisation and elimination of black money,” centre said in its affidavit to the top court, reported ndtv. the supreme court, on july 5, asked the reserve bank of india to come up with a policy to allow people, with genuine reasons, to deposit the old 500 and 1000-rupee notes.the sc-bench led by chief justice of india js khehar said government would be acting in an unjustified manner, it it disallows those who were “genuinely unable to meet the december 30 deadline.”“what if someone is terminally il......

Login to read more ...

Information