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Demonetisation valid: Supreme Court Constitution Bench approves move to demonetise Rs 1000, Rs 500 notes

Prime Minister Narendra Modi’s 2016 note ban was supported by the Supreme Court today, which ruled that the decision making process cannot be faulted merely because the proposal was made by the Central Government.

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Supreme Court

Prime Minister Narendra Modi’s 2016 note ban was supported by the Supreme Court today, which ruled that the decision making process cannot be faulted merely because the proposal was made by the Central Government.

Demonetisation cannot be invalidated due to lack of proportionality, said Justice Gavai.

The Central Board of RBI and the centre had a six-month-long conversation before the centre was obligated to act, according to the judges.

The centre’s decision to outlaw 1,000 and 500 rupee currencies in November 2016 was contested through petitions. The action caused the overnight wiping out of 10 lakh crore currencies.

The Supreme Court received 58 petitions contesting the banning of notes, contending that the government should not have made such a hasty decision and that the ban should be overturned.

The administration maintained that a case cannot be decided by the court if no real relief can be given. According to the centre, it would be like turning back the clock or unscrambling a scrambled egg.

Read Also: R Krishnakumar, former Tata Sons director, dies at 84

Chairman of the Constitution Bench will retire two days after the verdict

The five-judge bench hearing the case includes Justices S Abdul Nazeer, BR Gavai, AS Bopanna, V Ramasubramaniam and Justice BV Nagaratna. Justice S Abdul Nazeer, who is heading the constitution bench, will retire on January 4, 2023, two days after the verdict is pronounced. According to media reports, two judgments are to be read in the constitution bench, which have been written by Justice BR Gavai and Justice BV Nagaratna.

Argument in petition – no right to cancel currency

The petitioners in this case contend that Section 26(2) of the Reserve Bank of India Act does not authorise the government to completely cancel currency notes of a particular denomination. Section 26(2) empowers the Center to cancel currency notes of a particular series and not the entire currency notes.

Demonetisation implemented to deal with black money: Centre

In the Supreme Court, the government defended the decision of demonetisation, saying that it was part of planning and an effective way to deal with problems like fake currency, terror funding, black money and tax evasion. This was the biggest step in the series related to changes in economic policies. The Centre had also said that the decision of demonetisation was taken only on the recommendation of the Central Board of Directors of the Reserve Bank.

Government mentions benefits of demonetisation in court

The Centre in its reply also said that demonetisation has brought many benefits like reduction in fake notes, increase in digital transactions, detection of unaccounted income. In October 2022 alone, a digital transaction of 730 crores took place, that is, a transaction of Rs 12 lakh crores has been recorded in a month, which was 1.09 lakh transactions in 2016, i.e. about Rs 6,952 crore.

PM Modi had announced demonetisation on Nov 8, 2016

On November 8, 2016, Prime Minister Narendra Modi announced the banning of 500 and 1000 rupee notes from 12 midnight in the name of the country. At that time, the government expected that at least Rs 3-4 lakh crore of black money would come out from demonetisation. However, only Rs 1.3 lakh crore of black money came to the fore in the entire exercise.

R Krishnakumar, former Tata Sons director, dies at 84

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Nitish Kumar’s son Nishant among 32 inducted in Bihar cabinet expansion

Nishant Kumar entered the Bihar cabinet for the first time as 32 ministers from NDA allies took oath in a major expansion of the state government.

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May 7, 2026

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Bihar government cabinet

A major cabinet expansion took place in Bihar on Thursday, with 32 leaders from the ruling NDA alliance inducted into the state government. Among the prominent names was Nishant Kumar, son of former Bihar chief minister Nitish Kumar, who entered the cabinet for the first time.

The expansion included representatives from all major NDA allies in the state. According to reports, the BJP secured 15 ministerial berths, while JD(U) got 13 positions. Two ministers were inducted from Lok Janshakti Party (Ram Vilas), while Hindustani Awam Morcha and Rashtriya Lok Morcha received one berth each.

The oath-taking ceremony was held in Patna in the presence of senior NDA leaders, including Prime Minister Narendra Modi, Union Home Minister Amit Shah and Defence Minister Rajnath Singh.

Nishant Kumar’s induction comes weeks after he formally entered active politics. His entry into the Bihar cabinet is being viewed as a significant development for JD(U), which had long projected an anti-dynasty image under Nitish Kumar’s leadership.

The cabinet reshuffle follows Nitish Kumar’s move to the Rajya Sabha earlier this year and the formation of the government led by Chief Minister Samrat Choudhary.

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PM Modi marks Operation Sindoor anniversary, calls it India’s firm stand against terrorism

PM Modi said Operation Sindoor showcased India’s firm response against terrorism while paying tribute to the armed forces on the operation’s first anniversary.

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May 7, 2026

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PM Modi

Prime Minister Narendra Modi on Thursday said Operation Sindoor demonstrated India’s firm response against terrorism and highlighted the country’s commitment to national security.

Marking one year of the operation, the Prime Minister praised the courage, precision and professionalism of the Indian armed forces. He said the military action was carried out in response to the Pahalgam terror attack that had claimed the lives of 26 civilians in 2025.

Operation Sindoor was launched on May 7, 2025, as a calibrated tri-services operation targeting terror infrastructure linked to cross-border terrorism. Reports said the operation showcased coordinated action by the armed forces and was seen as a major counter-terror response by India.

On the anniversary of the operation, PM Modi also changed the display pictures across his social media platforms, including X, Facebook, Instagram and WhatsApp. The image carried the text “Operation Sindoor” along with the Indian tricolour design.

The Indian Air Force also shared visuals and messages recalling the operation and highlighting India’s military response. A video released by the force described the operation as a strong message against terrorism and referred to the precision strikes carried out during the mission.

Operation Sindoor was launched following the Pahalgam terror attack, after which India carried out strikes on terror camps in Pakistan and Pakistan-occupied Kashmir, according to official statements and reports published at the time.

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Vijay meets Tamil Nadu Governor again as TVK pushes to prove majority

TVK chief Vijay held another meeting with Tamil Nadu Governor Rajendra Vishwanath Arlekar as the party intensified efforts to secure majority support after emerging as the single-largest party in the Assembly elections.

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May 7, 2026

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Actor vijay

Actor-turned-politician Vijay met Tamil Nadu Governor Rajendra Vishwanath Arlekar again on Thursday as his party, Tamilaga Vettri Kazhagam (TVK), continued efforts to prove it has enough support to form the next government in the state.

TVK emerged as the single-largest party in the 234-member Tamil Nadu Assembly after winning 108 seats, but it remains short of the majority mark of 118.

The Congress has extended support to TVK, adding five MLAs to Vijay’s side. However, the alliance still needs additional backing from other parties or independents to comfortably cross the halfway mark.

According to reports, the Governor has not yet been fully convinced that TVK currently has the required numbers to form a stable government. This has delayed clarity over the swearing-in ceremony and the formal invitation to form the government.

Political activity intensified after reports emerged that some AIADMK legislators were moved to a resort in Puducherry amid speculation over possible support to TVK. AIADMK leaders, however, publicly denied any internal crisis.

TVK sources have expressed confidence that the party will be able to demonstrate majority support during discussions with the Governor.

The Tamil Nadu election results marked a major political shift in the state, with TVK breaking the long-standing dominance of the DMK and AIADMK in its first Assembly election contest.

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