Supreme Court lauds the Objective behind Currency Ban

The Supreme Court lauded the  Purpose behind behind the demonetisation of Rs 500 & Rs 1000 currency notes, but also asked and suggested the Government Centre to take urgent measures to ease the Pain of Common Man(As reported by TOI).

 

Bench of Chief Justice T S Thakur and D Y Chandrachud said
“The objective behind demonetisation+ is to force those who have hoards of black money to deposit it in banks. The objective is laudable because black money is used to fund terrorism of various forms to weaken economy,”

“The government claims that it is a surgical strike against black money. But Sibal claims it to be carpet-bombing of citizens.”

 

attorney general Mukul Rohatgi Response

 

Printing press was working day and night to meet the demand for the new currency notes, and said the real problem was for a section “that must either declare their wealth or use black money as toilet paper”.

“For 50 years since Independence, citizens had been kept on wait for years to get a gas connection, a scooter, a car, schools for education and even opening of bank accounts. In implementing demonetisation, there is bound to be some inconvenience for some days. This wait is negligible compared to the wait for 50 years.”

In implementing demonetisation, there is bound to be some inconvenience for some days. This wait is negligible compared to the wait for 50 years.”

Source

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