x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   Terrorist country Pak wants to derail J&K’s development journey: LG Sinha | LG visits Nunwan base camp, interacts with pilgrims, officials, others | RSS to reach every home during centenary year | Op Sindoor led to increase in demand for indigenous defence products: Rajnath Singh | Army, Defence Minister pay tribute to Capt Batra | Azad unofficially disbands DPAP as key leaders desert party! | Pahalgam terror attack: NIA gets custody of 2 accused for 10 more days | Day 5: 23,857 pilgrims pay obeisance, figure crosses 90,000 mark | 3 yatris among 4 injured in Anantnag accident | Court rejects bail of woman involved in terror activities | BSF jawan shoots himself dead | 2 civilians stranded on landslide-hit road rescued | Kashmir: Schools to reopen today | Mission Director HADP inaugurates capacity building programme of FPO’s | Conduct of Medical Patrol for Awam at Songri, Rajouri | Ex-Servicemen Rally, outreach Program conducted | Shri Amar Kshatriya Rajput Sabha holds meeting | Awareness Camp organized under Dharti Aaba Janjatiya Utkarsh Abhiyan | Take Modi government’s 11 years of achievements to every household: Balbir | Empowering Voices of Justice: National Gurjar Advocates Conference held | Two-day Shoulder Rehabilitation workshop organises | DLSA Srinagar organizes awareness programme on drug abuse | Amarnath Yatra a spiritual & religious journey | Invisible Walls | Parched Paradise: Scorching heat dries up Kashmir’s Summer Charm | LG Sinha’s Rallying Call | BNI J&K hosts 4th edition, uniting 300 business leaders from across India, honoring top | One notorious drug peddler nabbed by Jammu Police | Himachal Rains: Rescue Operations On To Trace 30 Missing After Cloudbursts, Landslips In Mandi | Police arrests a drug peddler from Bus Stand | BRO CE calls on Dy CM; discusses road infra in Jammu province | Adityanath pays tributes to Kargil martyr Captain Vikram Batra on death anniversary | Delhi Speaker meets Amit Shah, briefs about ongoing initiatives in Assembly | Youtuber Jyoti Malhotra's Judicial Custody Extended By 14 Days In Espionage Case | ISRO Chief Dr V Narayanan meets CM Yogi, explores dedicated satellite for Uttar Pradesh | 'Approval for Phase IV of the Pradhan Mantri Gram Sadak Yojana will be given as per the state's proposal' - Shri Shivraj Singh | NFR Strengthens Safety Measures for Monsoon Operations | DIG JKS Range Shiv Kumar IPS conduct Security Review | HC dismissed petition with costs Rs 50000 | Elderly man loses Rs 73.72 lakh in gold trading draud after meeting woman on dating app | Luggage packed, will move out of official residence: Ex-CJI DY Chandrachud | Van Mahotsav 2025: Forest Dept to plant 3.5 crore saplings along riverbanks | Shrine Board Judokas to represent India at International Competitions | International recognition of cross-border terrorism validates India's stand: Kavinder Gupta | DC Kulgam takes review of Mission YUVA; assesses implementation, progress | Sheep Husbandry deptt organizes PMFME workshop/awareness programme | ABRSM delegation meets CEO Jammu, highlights teachers' key issues | Macadamization work begins on Tujjar Sharief to Zaingeer road, Baramulla | Over Rs.41 crore allocated under DDC, BDC, PRI & Aspirational Grants in Bandipora | PAC holds meet at Srinagar, discusses Audit Paras of HUDD | J&K Cine Association slams 'Hillywood' label as misleading and politically driven | UP CM orders strict action against those attempting to defile Kanwar Yatra | 5 of family murdered on suspicion of practising witchcraft in Bihar, oppn slams govt | PM Modi at BRICS, a global wake-up call against terrorism: Gaurav Gupta | Shiv Sena distributed poster to Amarnath pilgrims for 'Jammu-Darshan' | SBI hands over Rs 1.10 Crore DSP PAI claim to family of Martyr Rifleman Sunil Kumar | Mission Director HADP inaugurates five-day Capacity Building Programme for FPOs | Beating the heat wave and humidity, IGNOU flying squad teams charge into Exam Centres for on-the-spot monitoring | FVSc and AH, SKUAST-Jammu celebrates World Zoonoses Day- 2025 | Annual congregation of All India Rohmetra Mahajan Biradari on 10th , July | Bovine smuggling attempt foiled, 09 bovines rescued, in Latti | LIC of India introduces new Plans LIC's Nav Jeevan Shree (Plan 912) & LIC's Nav Jeevan Shree Single Premium (Plan 911) | 15-day Youth Development Programme on 'Premier Banker' inaugurates | Mechanical Engineering students of DBU developed "Multi-Utility Power Generating Kit" | 'Kala aur Atmanirbharta' culminates at MCM | Tanvi Sharma eyes junior titles before full-fledged senior switch | JKCCA appoints Dr Rekha Rani Sharma as Advisor | Pinegrove Director elected president BSAI | Aryaveer and Aaryavir: The Kohli, Sehwag connection at this year's DPL | Indian archers eye World Championship preparation at Madrid World Cup | Back Issues  
 
news details
SC directs Centre, RBI to produce records relating to 2016 demonetisation
12/7/2022 11:26:06 PM
agencies
NEW DELHI, Dec 7: The Supreme Court on Wednesday directed the Centre and the Reserve Bank of India (RBI) to put on record relevant records relating to the government's 2016 decision to demonetise currency notes of Rs 1000 and Rs 500 denomination for its perusal.
Reserving its verdict on a batch of pleas challenging the Centre's 2016 decision, a five-judge constitution bench headed by Justice S A Nazeer heard the submissions from Attorney General R Venkataramani, RBI's counsel, and the petitioners' lawyers, including senior advocates P Chidambaram and Shyam Divan.
The top court directed the parties to file written submissions by December 10.
"Heard. Judgement reserved. Learned counsels of the Union of India and Reserve Bank of India are directed to produce the relevant records," the bench, also comprising Justices B R Gavai, A S Bopanna, V Ramasubramanian, and B V Nagarathna, said.
The AG submitted before the bench that he will submit relevant records in a sealed cover.
The top court was hearing a batch of 58 petitions challenging the demonetisation announced by the Centre on November 8, 2016.
The apex court had on Tuesday said that limited scope of a judicial review in economic policy matters does not mean that the court will fold its hands and sit back, observing that the manner in which a decision is taken by the government can always be examined.
Calling the demonetisation of Rs 500 and Rs 1000 currency notes "deeply flawed", Chidambaram had argued that the Union government cannot on its own initiate any proposal relating to legal tender which can only be done on the recommendation of the RBI's central board.
Resisting the apex court's attempt to revisit the 2016 demonetisation exercise, the government had said the court cannot decide a matter when no tangible relief can be granted by way of "putting the clock back" and "unscrambling a scrambled egg."
The RBI had earlier admitted in its submission that there were "temporary hardships" and that they too are an integral part of the nation-building process, but there was a mechanism by which problems that arose were solved.
The Centre recently told the top court in an affidavit that the demonetisation exercise was a "well-considered" decision and part of a larger strategy to combat the menace of fake money, terror financing, black money, and tax evasion.
Defending the exercise, the Centre had told the apex court that the step was taken after extensive consultations with the RBI and that advance preparations were made before the note ban was enforced.
  Share This News with Your Friends on Social Network  
  Comment on this Story  
 
 
 
Early Times Android App
STOCK UPDATE
  
BSE Sensex
NSE Nifty
 
CRICKET UPDATE
 
 
 
 
 
 
 
 
   
Home About Us Top Stories Local News National News Sports News Opinion Editorial ET Cetra Advertise with Us ET E-paper
 
 
J&K RELATED WEBSITES
J&K Govt. Official website
Jammu Kashmir Tourism
JKTDC
Mata Vaishnodevi Shrine Board
Shri Amarnath Ji Shrine Board
Shri Shiv Khori Shrine Board
UTILITY
Train Enquiry
IRCTC
Matavaishnodevi
BSNL
Jammu Kashmir Bank
State Bank of India
PUBLIC INTEREST
Passport Department
Income Tax Department
JK CAMPA
JK GAD
IT Education
Web Site Design Services
EDUCATION
Jammu University
Jammu University Results
JKBOSE
Kashmir University
IGNOU Jammu Center
SMVDU