Demonetisation Impact News Today

From financial inclusion through a bank-account scheme to financial disaster through a rejig of India’s banknotes, here’s a look at what worked and what failed during the current governments decade in power.

The dip in the currency-in-circulation is partly attributed to the Reserve Bank of India's (RBI) decision to withdraw Rs 2,000 banknotes.

The history of the demonetisation case has already seen the unfortunate deployment of two recent judicial tools that inure to the benefit of the executive: judicial evasion and the sealed cover.

The AG submitted before the bench that he will submit relevant records in a sealed cover.

The Supreme Court said that just because the 2016 move by the Union government was an economic decision, it is not going to "fold its hands and sit" and will examine the manner in which the decision was taken.

Chidambaram, appearing for one of the petitioners opposing the Union government's 2016 decision, submitted that the right to regulate the issue of bank notes is entirely with the RBI.