Let people use old notes for necessities, says Supreme Court

[prasad1]

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NEW DELHI: The Supreme Court questioned the Centre on Thursday on the way it had handled the aftermath of demonetisation and asked why there was unequal distribution of new currency notes among people.

Indirectly pointing towards recent raids in which people were caught with stash of new notes, a bench of Chief Justice T S Thakur and Justices A M Khanwilkar and D Y Chandrachud said that demonetisation had resulted in a "problem of extreme", with a few people managing to get plenty of notes while others struggled to get a single one.

The court was also of the view that scrapped currency notes should be allowed to be used by people to access basic necessities of life. It said the old notes should be accepted in government hospital so that people could avail medical facilities. "What is your apprehension if government hospitals are allowed to accept scrapped notes? Why should people suffer if you are not able to supply new notes to them?" the bench asked and reserved its order.

http://timesofindia.indiatimes.com/india/let-people-use-old-notes-for-necessities-supreme-court/articleshow/56009531.cms


I have been saying this. People have been demanding this.

 

[Raji Ram]

........ Indirectly pointing towards recent raids in which people were caught with stash of new notes, a bench of Chief Justice T S Thakur and Justices A M Khanwilkar and D Y Chandrachud said that demonetisation had resulted in a "problem of extreme", with a few people managing to get plenty of notes while others struggled to get a single one.......

I was flabbergasted to view the bundles of pink notes amounting to crores of money! :shocked:

Will the guys behind this go scot-free too?

 

[prasad1]

NEW DELHI: The Supreme Court on Friday fired a series of sharp and critical questions about demonetisation at the Centre, asking if it had a plan at all or took a decision "just like that" when it scrapped Rs 500 and Rs 1,000 notes on November 8.

Responding to attorney general Mukul Rohatgi's submission that the Centre's expectation that scrapped currency worth Rs 10-11 lakh crore would come back had been exceeded, the court caustically asked, "Can you put what you had estimated when you took the decision to scrap Rs 500 and Rs 1,000 notes? Did you make any estimation at all? Was there a plan? Or, did you take the decision just like that? If you had thought notes worth Rs 10 lakh crore would come back to the banks, did you take steps to urgently put in that much of new currency

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back in circulation? Can you produce the Cabinet note before the decision was taken?"

The court's comments came as the Centre

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said deposits of old notes had touched Rs 12 lakh crore till date but resisted the SC's attempts to tweak the withdrawal limit to provide relief for harassed citizens by asking, "Can you tinker with fiscal policy?"

The bench persisted and asked the Centre to revert by Wednesday whether it intends to rework a cash withdrawal limit to make it possible for banks to honour it and not ask citizens to downsize their demand citing insufficient cash. The court's remarks came in the context of submissions that banks were rationing cash and not honouring the Rs 24,000 withdrawal limit.

The court also asked if the government would permit cooperative banks to receive deposits under stringent guidelines in response to pleas that this was essential to meet the needs of the farm sector. The SC further sought the Centre's response whether it supported sending the petitions challenging demonetisation to a five-judge bench as demanded by former minister and senior lawyer Kapil Sibal.


Former finance minister and senior advocate P Chidambaram claimed the government did not have a correct estimate of what would return to the banks. He said that as of November 1, there were Rs 15.44 lakh crore worth of Rs 500 and Rs 1,000 notes. "The government had no proper estimate of what would come back to banks post-demonetisation. It has put new currency notes worth Rs 3 lakh crore into the system. As a result, there is a severe cash crunch and people still have to stand for hours before banks and ATMs. Yet, there is no guarantee that they will get money," he said.

http://timesofindia.indiatimes.com/india/Did-you-have-a-plan-at-all-Supreme-Court-asks-govt-on-demonetisation-move/articleshow/55903683.cms?

 

[tks]

The supreme court and all the courts in India have to first get their own act together. Most cases do not get time in the court. The backlogs are of the order of years and decades.

Delayed justice is as good as no justice in most cases. There has to be a revolution within the court system first. They have to be held accountable to dispose off cases in a more realistic schedule. The justice system is part of the problem why there is this level of corruption in the country.

The anticipatory bail system is there for those who are rich. It might help certain genuine cases but for most it is a ridiculous provision for the benefit of cheaters.

 

[auh]

The supreme court and all the courts in India have to first get their own act together. Most cases do not get time in the court. The backlogs are of the order of years and decades.

Delayed justice is as good as no justice in most cases. There has to be a revolution within the court system first. They have to be held accountable to dispose off cases in a more realistic schedule. The justice system is part of the problem why there is this level of corruption in the country.

The anticipatory bail system is there for those who are rich. It might help certain genuine cases but for most it is a ridiculous provision for the benefit of cheaters.

This post is off the target as is usually the case

The fact that supreme court has pending cases is food for another post. That in no way would undermine the observations or comments of the apex body of justice.