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Senior Advocate Parag P Tripathi said RBI's decision to withdraw Rs 2,000 notes "is a pure nature of economic policy."
The RBI’s move to recall Rs 2,000 notes, while largely along expected lines, does have the potential to cause ripples in some sectors of the economy - Issue Date: Jun 11, 2023
Senior Advocate Parag P Tripathi said RBI's decision to withdraw Rs 2,000 notes "is a pure nature of economic policy."
No record is being kept while depositing and exchanging Rs 2,000 currency notes.
The PIL, filed by advocate Rajneesh Bhaskar Gupta, points towards the Reserve Bank of India Act, 1934, and states that the RBI has no independent power to direct the non-issue or discontinuance of issue of bank notes of any denominational values and the power to do so lies with the central government.