Centre cannot have surgical strike against people of the country: SC to govt

The bench said, “You (Centre) can have surgical strike against black money but you cannot have surgical strike against people of the country.”

 Centre had filed a ‘caveat’ in the court soon saying that if any petition was posted, the government should also be heard before passing any order.

Attorney General Mukul Rohtagi appeared for the government justifying the step. According to him, Rs 3.25 lakh crore has been deposited in banks two days after the notification, and Rs 11 lakh crore will be added in a few days.

The PIL filed challenges the provision that is sub-section 2 of section 26 of Reserve Bank of India 1934 Act claiming that there are no guidelines how to exercise the power available under the section.

The petitioners had alleged that the sudden decision has created chaos and harassment to public at large and the notification of the Department of Economic Affairs, Ministry of Finance be either quashed or deferred for some time.

The bench said, “On recommendation of the Central Board, the Central Government may, by notification in the Gazette of India, declare that with effect from such date as may be specified in the notification, any series of bank notes of any denomination shall cease to be legal tender save at such office or agency of the bank and to such extent as may be specified in the notification.”

(Sourced from agencies, feature image courtesy:oneindia.com)