DEMONETISATION

Congress demands PM Modi’s apology over demonetisation

02 Jan 2023

The Congress demanded Prime Minister Narendra Modi's apology on Monday for the hurried demonetization of the 500 and 1,000 rupee notes in 2016, claiming that it destroyed Micro, Small, and Medium Enterprises and the informal sector. "The livelihoods of tens of thousands of families were lost...our economy suffered greatly,” said...

No flow in centre’s decision of demonetisation, says Supreme Court

02 Jan 2023

The Narendra Modi administration's decision to implement demonetisation in 2016 was upheld by the Supreme Court on Monday, stating there was no flaw in the decision making process. The top court said the Centre had the power to demonetise all series of a bank note, adding the November 8, 2016 decision can't be said to be unreasonable nor was it hit by the doctrine of proportionality. The...

No flow in demonetization, says SC

02 Jan 2023

The Supreme Court upheld the Narendra Modi administration's decision to implement demonetisation in 2016 on Monday, ruling that there was no flaw in the decision making process.