30.4 C
State of Tripura
Friday, July 11, 2025

10 villages in Sepahijala declared ‘Child Marriage Free’

Sepahijala district in Tripura declares 10 villages...

Tripura organic agriculture revolution: 25,000 hectares and counting

Tripura has developed 25,000 hectares of certified...

Tripura gets Rs. 14.22 cr NEC boost for infrastructure and agriculture

Tripura's development plans gain momentum as the...

SC reserves order on pleas challenging demonetisation of Rs 500 and 1000 notes

Tripura Net
Tripura Net
www.tripuranet.com is a daily news, news article, feature, public opinion, articles, photographs, videos etc –all in digital format- based website meant to disseminate unbiased information as far possible as accurate.

Must Read

New Delhi/UNI: The Supreme Court on Wednesday reserved judgement on various petitions challenging 2016s decision of the central government to demonetise the old notes of Rs. 500 and Rs. 1000.

A five-judge bench of Justices Abdul Nazeer, BR Gavai, AS Bopanna, V Ramasubramanian and BV Nagarathna reserved the order after the parties concerned concluded their arguments.

The Constitution Bench of the Supreme Court asked the Centre and Reserve Bureau of India (RBI) to place before its relevant records pertaining to the decision.

The court asked the parties concerned to file their written submission by Saturday.

The apex court was hearing petitions relating to challenging the Centres decision to demonetize currency notes of Rs. 500 and 1,000 in 2016.

Earlier, the Centre, in its affidavit filed in the Supreme Court, defended its decision to demonetise Rs 500 and 1,000 currency notes in 2016 as it said that it was a major step to fight the menace of fake currency notes, terror financing, black money and tax evasion.

The Centre, in its affidavit filed in the Supreme Court, said that it was a part of a larger strategy for combating the menace of fake money, terror financing, black money and tax evasion, but not confined to them alone.

It was an economic policy decision exercised in accordance with powers conferred by an Act of the Parliament (RBI Act, 1934), in conformity with the provisions of the said Act and was subsequently affirmatively taken note of by the Parliament in the Specified Bank Notes (Cessation of Liabilities) Act, 2017, the affidavit said.

- Advertisement -
spot_img
spot_img
spot_img

Latest News

US cautions Iranian Americans against travel to Iran amid grave dangers

The US State Department has launched a fresh initiative to alert Americans, with emphasis on Iranian Americans,...