Demonetization was the extreme decisive decision taken by government of India. Now the two batches from the SC asks for the affidavit from the RBI & Government.
Table of Contents
Demonetization
Govt did illegal to carry 500 & 1000 currency from midnight of 8 November 2016. Demonetization deals with the concept to declare running currency.
SC & Government Conflicts
The scenario is supreme court and government come together for the demonetization. SC asks affidavit for late demonization, the next session will held on 08 November 2022.
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Impacts of demonetization on people
It was really problematic situation for the people who carried their money in the form of cash or liquid money. It was huge gathering before the bank & enormous crowd in front of the ATM to withdraw money. The ATM wiped off and the public was in trouble.
Opposition Claims
P Chidambaram, appearing for one of the parties, said the issue has not become academic and has to be decided by the top court. He said this kind of demonetization requires a separate act of Parliament.
