SC notice to Centre, RBI over plea on depositing old notes

21 March, 2017, 13:36 | Author: Valerie Burke
  • You Shifted Deadline So Can People Be Given A Chance To Deposit Old Notes? SC To Govt

The Prime Minister's address to the nation on the evening of November 8 a year ago on demonetisation and subsequent notification of the federal bank that devalued currency notes can be exchanged at RBI offices even up to March 31, 2017 were valid assurances which stood breached by the ordinance, the counsel for petitioner, Sudha Mishra, had said.

However, the court observed that the notification banning the notes indeed said, those unable to deposit old notes by 30 December, will be given chance beyond that date.

The Chief Justice of India, J S Khehar said, that the government has used its discretion on short notice to permit one category only, even though the law allows the govt to prolong the relief to other categories as well.

The next hearing in the case will be held on April 11.

Attorney General Mukul Rohtagi, however, informed the bench that PM Modi's promise to extend grace period after Dec 30 for deposit of old notes was overridden by an ordinance.

The pPrime minister's speech gave hope to those in difficulty to deposit demonetised currency by March 31.

The Supreme Court on Tuesday issued a notice to the Centre, asking it to file a reply within two weeks on the PIL filed by a person named Sharad Mishra, claiming that people are not being allowed to deposit their old currency notes till March 31 as promised by the ruling dispensation. They could do so at RBI designated centres to avoid questioning or inquiries.

The move to demonetise notes of Rs 500 and Rs 1000 was announced overnight on November 8, 2016 after by Prime Minister Modi.

After preponing the deposition of currency to December 30, the government stated that citizens travelling overseas during the demonetisation period will be only allowed to deposit the banned currency in the RBI office with the subject to verification.

Recommended:

  • 'Rahul Gandhi is Bhasmasura, will reduce allies to ashes'

    'Rahul Gandhi is Bhasmasura, will reduce allies to ashes'

    Rahul Gandhi had talked of structural and organisational changes after the result of assembly polls to five states. However, it is yet to be clarified whether the USA based record book will entertain such type of request or not.
    Flight Attendant Re-Creates Britney Spears' 'Toxic' on Empty Plane, Completely Nails It

    Flight Attendant Re-Creates Britney Spears' 'Toxic' on Empty Plane, Completely Nails It

    The video has gone viral on Twitter , but Nasir may now be experiencing some unexpected turbulence. Mr Nasir, from Kuala Lumpur , was filmed by fellow flight attendant Farhan Rzman this weekend.

    United Kingdom inflation breaches BoE target as it hits 2.3%

    The jump in the consumer prices index takes inflation above the Bank of England's 2% target and is above the 2.1% reading investors had been expecting.
  • Phyllis Rheiner: Age tax too costly in GOP health-care bill

    Phyllis Rheiner: Age tax too costly in GOP health-care bill

    There were signs Monday that the bill had growing support among the moderate wing of the House GOP. A White House meeting with senators Monday also left conservatives unhappy.
    The Forbes billionaires list features a number of wealthy locals

    The Forbes billionaires list features a number of wealthy locals

    Forbes said that much of the decline in Trump's net worth is due to softness in the midtown Manhattan real estate market. Following Sy in the list is JG Summit founder, John Gokongwei Jr. whose ranking went up to 250 from last year's 270.
    Vietnam seeks South Korean support in South China Sea

    Vietnam seeks South Korean support in South China Sea

    Chinese authorities have also closed almost two dozen retail stores of South Korea's Lotte Group, citing safety concerns. The first step would be to formally "request consultations" with China.
  • Premier of China's visit to Australia

    Premier of China's visit to Australia

    Li, the first premier to visit Australia in 11 years, will arrive on Wednesday for five days before traveling to New Zealand. Australia is also a staunch U.S. ally, despite discord between Canberra and the new administration of U.S.

    Prices fall on fears of USA drillers counteracting OPEC cuts

    Last week speculators cut more than 150,000 contracts betting on firmer US and Brent oil prices, a record high. Inventories grew despite a 14,000 b/d rise in refinery inputs from 2015 levels to 16.2 million b/d in 2016.
    GOP Rep.: Health Bill 'Remains A Disaster,' 'Not True' That Con's Flipped

    GOP Rep.: Health Bill 'Remains A Disaster,' 'Not True' That Con's Flipped

    Heller's spokesman Mac Abrams said Friday that the senator said he can't support the bill as the House GOP has crafted it. Most Americans approve of the job Donald Trump is doing as president, according to a new Morning Consult/Politico poll .
  • 1 to done: Duke looks to who stays, who leaves

    1 to done: Duke looks to who stays, who leaves

    What channel is the Baylor-South Carolina on? Brunner had the highest-scoring game of her NCAA Tournament career with 20 points. Welcome to the lone topsy-turvy bracket after losses by No. 1 overall seed Villanova and No. 2 seed Duke.

    Germany's Factory Orders Fall Most Since 2009

    Industrial orders from the 19-member eurozone contracted faster then those from nations outside the single currency area. Domestic orders logged a double-digit fall of 10.5 percent and foreign orders decreased 4.9 percent in January.

    Everton can do better than seventh place in Prem - Ronald Koeman

    The Toffees had been confident the Belgium global would sign a new five-year deal thought to be worth around £140,000 a week. But I am not so afraid about his situation because the player has two years more on his contract.


Popular

As Gorsuch Confirmation Hearing Begins, Feinstein Calls Him 'An Extremist'
Neil Gorsuch returns to the hot seat Tuesday after making his case for why he should be the ninth justice to be seated on the U.S. Each member of the committee will give an opening statement to make a case for why Neil should or should not be confirmed.

CPS on track to pay out social grants on April 1
Cash Paymaster Service (CPS), performing as an organ of the state, will continue to pay social grants for the next 12 months.

We May Play As An Ancestor of Altair In Assassin's Creed
While images and other information point to Ancient Egypt, there has been a lot of confusion about the game's release date. According to some, the fact that the title is scheduled for the end of this year ensures its presence at E3 2017.

Solve Babri dispute jointly out of court says CJI, offers to mediate
We welcome this step and believe there should be talks outside the court as well", Sambit Patra, BJP spokesperson told reporters. He was asked to mention the case again on March 31 when the court may pass some formal orders.

'Sesame Street' debuts Julia, a new Muppet with autism
The creators of " Sesame Street " announced Sunday that the popular show would introduce a muppet named Julia who has autism. But the inclusion of Julia on the live-action show is important-so much so that she's making headlines around the world.