Why no category for those who couldn’t exchange notes by Dec 30, asks SC

Of Rs 15.4 lakh cr worth of currency that was banned, Rs 14 lakh cr has been deposited or exchanged

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LATEST| The Supreme Court on Tuesday asked the Centre why it chose not to create a separate category for those who couldn’t deposit demonetised notes by December 30, 2016 unlike the NRIs and people who were abroad.

A bench headed by Chief Justice J S Khehar said that the Prime Minister, in his November 8 address, had said that those with valid reasons could deposit the demonetised currency even after December 30, 2016, till March 31, 2017.

“Prime Minister in his address had said that people with genuine difficulties can deposit the demonetised currency even after December 30, 2016, till March 31, 2017 with the RBI branches.Give us the reasons why despite having powers under the law, you did not create a category for those people who couldn’t deposit the demonetised notes before December 30, 2016″ the bench said.

The apex court bench also comprising Justices D Y Chandrachud and S K Kaul said that the PM’s address had given hope that those in difficulty would get a chance, till March 31, 2017, after giving valid reasons.

It also said that the government should file an affidavit by April 11 explaining the reason why the window was not created for the people having difficulty and the chance was only given to NRIs and the citizens who travelled abroad.

The SC also asked the Centre whether it intends to give a chance to those category of….. |Read More

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