Fresh PIL in Delhi HC against RBI decision to withdraw Rs 2000 notes
New Delhi: A fresh Public Interest Litigation (PIL) has been filed in the Delhi High Court challenging the recent decision of the Reserve Bank of India
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New Delhi: A fresh Public Interest Litigation (PIL) has been filed in the Delhi High Court challenging the recent decision of the Reserve Bank of India
A PIL is being filed in Delhi High Court to quash the RBI's decision to withdraw Rs 2000 denomination banknotes from circulation.
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.
The withdrawal of Rs 2000 notes is creating panic. Some are rushing to buy luxury watches and gold; others are donating to temples and spending on mangoes and food delivery
A public interest litigation has been filed in the Delhi High Court challenging the Reserve Bank of India's recent decision to withdraw Rs 2,000 notes from circulation. Besides arguing that the RBI...