HC relief for Modi government on demonetisation

Image
Press Trust of India New Delhi
Last Updated : Nov 25 2016 | 8:42 PM IST
The Modi government today got relief from the Delhi High Court which refused to go into the correctness of the Centre's demonetisation policy and issue any direction for removing the cap on daily withdrawal from banks.
"Virtually by way of this writ petition you are challenging the notification on demonetisation. We cannot go into it as the Supreme Court is already looking into it," a bench of Chief Justice G Rohini and Justice V K Rao said.
The petitioner had sought quashing of a clause of the Centre's notification putting restriction on withdrawal limit.
The order assumes importance as the apex court in the last two hearings had refused to restrain the high courts across the country from entertaining petitions against the demonetisation decision, saying that the public can get immediate relief from them.
The apex court today agreed with the Centre's plea to hear its transfer petition and other matters connected to the demonetisation on December 2.
Noting that the apex court is already seized of the matter, the high court disposed of the PIL by Ashok Sharma, a businessman, who had urged the court for relief on the ground that the Centre's decision to put a cap on weekly withdrawal of Rs 24,000 is "affecting right to livelihood" of the people at large.
Under the earlier clause 2 (VI), the weekly withdrawal limit from the banks was Rs 20,000, while the daily limit was Rs 10,000. Later, the weekly limit was increased to Rs 24,000 and the daily limit was scrapped. From ATMs, the daily limit is Rs 2,500.
Yesterday, the Centre had extended till December 15 the facility of using old Rs 500 notes in public utilities and included more services like mobile recharge but stopped the over-the-counter exchange of defunct currencies and use of Rs 1,000 notes.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 25 2016 | 8:42 PM IST

Next Story