Supreme Court to hear plea against Demonetisation
PM Modi had on November 8 last,announced his demonetisation policy and scrapped Rs 1000 and Rs 500 (old) denomination notes in order to launch a fight against black money. His decision has attracted criticism opposition parties including Congress, BSP, SP, AAP and others. They have alleged that the decision has created tensions in the live of people across the country
New Delhi: The Supreme Court has decided to hear several petitions on Tuesday challenging the governments decision to scrap Rs 500 and Rs 1000 currency notes.
Four Public Interest Litigations (PILs) were filed in the apex court against the demonetisation scheme and modus operandi behind the implementation stating that it has caused inconvenience to general public and massive upheavals across the nation.
It may be mentioned that the SC on Thursday last had refused to grant an urgent hearing on the issue. A bench headed by justice AR Dave had said that the case would be heard on Tuesday.
What was there in the petition?
- The petition, filed by a lawyer, alleged that sufficient time frame had not been given for the transition and it would create unprecedented chaos and panic among people.
- "Prime Minister's announcement has come to thwart away the black money, fake currency notes and terrorism; but at the same time, this economic crisis created at the cost of lives of 125 billion of citizens of India, cannot be termed less than 'economic terrorism' in the lives of aam admi," the petition said.
- "All this, not only crushes the economy but also lives of those citizens, who may require money more than the allowed limits and many of them may not have credit or debit cards," the petition said.