The Supreme Court backed Union government's 2016 notes ban today in a 4-1 majority judgment and said it was "not relevant" whether the objective of the ban was achieved.
The Union government is holding back crucial documents related to the demonetisation in November 2016, Congress MP P Chidambaram told the Supreme Court on Thursday.
A five-judge Supreme Court bench headed by Justice S A Nazeer, on Wednesday, directed the Union government and the Reserve Bank of India to...
On the fifth anniversary of demonetisation, Congress general secretary Priyanka Gandhi Vadra on Monday termed it a "disaster."
However, the former chief economic advisor, who quit his post in June, has not indicated whether he was consulted before the decision to ban notes worth Rs 500 and Rs 1,000 was taken. Prime Minister Narendra Modi announced the decision on November 8, 2016, and said it was intended to reduce corruption in the system.
demonetization, a policy that caused chaos to businesses, widespread job losses and slowed economic growth. Modi’s predecessor, Manmohan Singh, said on Thursday the government should remember how “economic misadventures can roil the nation.”