SC dismisses plea against ₹2,000 currency exchange policy
The Hindu
The Supreme Court on Monday dismissed a petition challenging the notifications issued by the Reserve Bank of India (RBI) and the State Bank of India (SBI) permitting the exchange of ₹2,000 currency notes without requirement of any identity proof.
The Supreme Court on Monday dismissed a petition challenging the notifications issued by the Reserve Bank of India (RBI) and the State Bank of India (SBI) permitting the exchange of ₹2,000 currency notes without requirement of any identity proof.
A Bench headed by Chief Justice of India D.Y. Chandrachud rejected the petition filed by advocate-petitioner Ashwini Kumar Upadhyay, saying it was a policy matter.
The court found no merit in Mr. Upadhyay’s argument that the RBI notification on May 19 and the SBI notification of May 20, which permitted exchange of ₹2,000 banknotes without even obtaining any requisition slip and identity proof, was manifestly arbitrary and irrational and against Article 14 of the Constitution.
He had contended that the exchange was “totally contrary to the aims and objects of the Prevention of Corruption Act, Benami Transactions Act, Money Laundering Act, Lokpal & Lokayukta Act, Central Vigilance Commission Act, Fugitive Economic Offenders Act and Black Money Act. “
Almaya Munnettam (Lay People to the Fore), group in the Ernakulam-Angamaly Archdiocese of the Syro-Malabar Church opposed to the synod-recommended Mass, rejected a circular issued by Major Archbishop Raphael Thattil and apostolic administrator Bosco Puthur on June 9 to implement the unified Mass in the archdiocese from July 3.
Pakistan coach Gary Kirsten stated that “not so great decision making” contributed to his side’s defeat to India in the Group-A T20 World Cup clash here on Sunday. The batting unit came apart in the chase, after being well placed at 72 for two. With 48 runs needed from eight overs, Pakistan found a way to panic and lose. “Maybe not so great decision making,” Kirsten said at the post-match press conference, when asked to explain the loss.