Supreme Court said there was consultation between the RBI and the government for six months before the notes ban announcement.
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Here are the Key points of the ruling The power of the Centre can't be restricted to demonetizing only "one" or "some" series of bank notes. It has the power to do so for all series of bank notes The RBI Act does not provide for excessive delegation; there is an inbuilt safeguard that such a power has to be exercised on the recommendation of the central board Demonetisation does not suffer from any flaws in the decision-making process. A test of proportionality satisfied - a "reasonable link" between the objective "to kill Black money" and the "Note ban" 52 days was reasonable, RBI could not have directed banks to accept demonetised notes beyond a specific period. Justice Nagarathna - only one to vote against the Note ban move - she called it vitiated and unlawful This Day in History - Jan 3rd In 1959 Luna 1 was launched The Soviet spacecraft was the first to reach the vicinity of the moon and orbit the sun. Bringing you all the top national and international news across the globe from various reliable sources. Our main aim is to SAVE your time by catering top news of the day in 1 minute without any interruptions. #top5news #top5 #topnews #1minNews #1minNewsToday #headlines #iitmadras #ukrine #iran #hijabissue #indvsban #testhundred #layoffs #recession #india #sports #politics #news #movie #pathaan #orange #war #kantara #movies #entertainment #ireland #primeminister #srk #gill #pujara #cricket #cricketnews #topnews #today #health #cardiacarrest #heartattack #tourism #sportsnews #entertainment #ukraine #russia #war #worldcup #murder #rape #protest #hijab #iran #china #rahulgandhi #modi #Fifa #mrsWorld #msworld #vehicles #accident #gangrape #death #murders #collapse #UN #biodiversity #iitmadras #iit #infosys #bridge #twitter #thailand #elonmusk #google world record egg, Covid19, China, Messi, Ronaldo, Taliban, Afghanistan, Women rights, Frauds, Defaulters, banks, Omicron BF7, Siva sena, RBI, Byjus, Amith Shah, PM, MMA, war aid, metro, reliance, netflix, oscars shortlist, rrr, chellow show, US congress, cold blast, wind storm, Bomb Cyclone, IPL auction, Sam Curran, Ben stokes, Green, Brook, Pooran, Big money, test match, India, Bangladesh, NRI women, brain eating ameoba, kepler, Zomato, swiggy, uzbekisthan
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