Deprecated: mysql_connect(): The mysql extension is deprecated and will be removed in the future: use mysqli or PDO instead in /home/delhidai/public_html/class/connection.php on line 22

Deprecated: mysql_escape_string(): This function is deprecated; use mysql_real_escape_string() instead. in /home/delhidai/public_html/class/mysql_query.php on line 113

Warning: Cannot modify header information - headers already sent by (output started at /home/delhidai/public_html/class/connection.php:22) in /home/delhidai/public_html/story.php on line 79

Warning: Cannot modify header information - headers already sent by (output started at /home/delhidai/public_html/class/connection.php:22) in /home/delhidai/public_html/story.php on line 94
Supreme Court refuses to stay note ban, next hearing on Nov. 25

Home >> Business

Supreme Court refuses to stay note ban, next hearing on Nov. 25

The Supreme Court on Tuesday refused to stay the demonetiosation of Rs 500 and 100 currency notes by Narendra Modi government announced on the night of November 8 purportedly to curb the menace of black money.

"We will not be granting any stay," a bench comprising Chief Justice T S Thakur and D Y Chandrachud said.

Senior advocate Kapil Sibal, appearing for one of the petitioners, however, clarified that he was not seeking a stay on the notification but seeking answers from the government about the steps taken to remove public inconvenience.

The apex court has also sought a reply from the Centre asking what measures it is taking to avoid inconvenience to people.

The next date of hearing has been set for November 25.

The court noted, "We are not interfering with the economic polices of the govt but want to examine the scope of section 26 of RBI Act which permits demonetiosation."

The Chief Justice TS Thakur also asked the government to think of steps which will reduce inconvenience to the people who are standing in long queues to withdraw cash and exchange old currency.

"There is a general feeling that demonetiosation is causing inconvenience. People are standing in queues. It is traumatic. And the common man should not suffer," said the Chief Justice.


Deprecated: mysql_escape_string(): This function is deprecated; use mysql_real_escape_string() instead. in /home/delhidai/public_html/class/mysql_query.php on line 113

Deprecated: mysql_escape_string(): This function is deprecated; use mysql_real_escape_string() instead. in /home/delhidai/public_html/class/mysql_query.php on line 113

Related News

Demonetisation: Why no window to deposit banned notes after December 31, SC asks Centre

Government may lower PAN quoting limit on cash transaction: Report

Note ban: Parliament panel to question RBI governor Urjit Patel today

It Should Be PM Jaitley Or Advani, Mamata Banerjee urges President

RBI increases ATM withdrawal limit from Rs 2500 to Rs 4500

Delhi lawyer Rohit Tandon arrested for laundering huge stash of black money