Supreme Court upholds Union Government's 2016 demonetisation decision

A 5-judge bench of Supreme Court dismissed petitions challenging Center’s decision to demonetise currency on January 02. Demonatisation decision was taken by the Central Government in 2016. Supreme Court upheld demonetisation in 4:1 verdict. SC said, Demonetisation cannot be struck on grounds of 'Proportionality'. Modi-Govt in 2016 took decision to demonetise currency notes of Rs 500 and 1000. A Five-Judge Constitutional heard the petitions filed against center's decision. Constitutional bench said that the decision being executive's economy policy, cannot be reserved.

#SupremeCourt #Demonetisation #NarendraModi

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[vaidphysics]

Ghar jal jayega. Ab decision reverse karne se kya ghar phir se khada ho jayega?

[MichaelScott]

Even though I support Modi ji I still believe it was done in a haphazard manner. I know it was done for a particular reason but a lot of the black money was converted into white. The only positive India can take away is the digital growth. The mamomth growth of UPI/Paytm/Bharatpay has made it a easier now but back then a lot of people faced problems due to unavailability of new currency. I personally used Paytm before demonetization so it didn't affect me. This was good move executed poorly.

[magic]

Rupee Notes -

100 Rs/- : Design change
200 Rs/- : Figure newly included
500 Rs/- : Design change
1000 Rs/- : Removed/ended completely
2000 Rs/- : Figure newly included

What did we actually and exactly do or accomplish with these changes?

*whatever points you think you have you can share in the reply.