Page 5 - Note Ban News Today

The findings are contrary to what the Union government has submitted in the Supreme Court. It said that the demonetisation move was executed on the specific recommendation of the RBI’s Central Board.

The top court directed the parties to file written submissions by December 10

The Supreme Court on Wednesday directed the Centre and the Reserve Bank of India (RBI) to submit relevant records in connection with the governments 2016 demonetisation decision for its perusal.

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"Surely the history of RBI is published by the RBI. They must be deemed to know that also," he said, urging the court to see the documents to see whether the decision-making was fair and not arbitrary. �� Demonetisation: Supreme Court Directs Modi Government, RBI To Submit Records Related to Note Ban Decision.

The government's affidavit on demonetisation hides more than it clarifies. Either it does not support its arguments with data or presents limited data.

Over three dozen petitions have been filed against the Centre’s November 8, 2016, move to ban currency notes of Rs 500 and Rs 1,000 denominations, following which the apex court had asked the Centre and RBI to file their replies.

The central government, in its affidavit filed in the Supreme Court, said that it was a part of a larger strategy for combating the menace of fake money.