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A made-in-heaven opportunity presented itself on May 19, 2023 when the RBI announced that it would ‘withdraw’ currency notes of Rs 2,000 denomination.
Demonetisation Judgement by SC: Justice BV Nagarathna, who did not agree with the four other justices, said that the process of banning Rs 1,000 and Rs 500 notes could not have been initiated by the Centre.
Demonetisation SC Judgement: The Congress also said it's wrong to say that the SC upheld the note ban order as the verdict does not deal with the outcomes of the currency ban move.
The Kerala Finance Minster K N Balagopal said that practically the economic and social impact of the Union government's decision was very serious and was detrimental to the growth of various sectors.