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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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Video of men attacking Muslim jaggery vendor with sticks, stones in Uttar Pradesh goes viral, police nab accused | WATCH

After the video went viral, the authorities tweeted that Nandgram police nabbed 6 accused in the matter. According to the Police’s statements, the incident transpired on the morning of March 24. The police also added and said that the accused are local vendors of the area. The victim has also been identified as Danish.

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A video has come to light from Uttar Pradesh’s Ghaziabad where a group of men can be charging at a Muslim man with sticks and bricks. It was reported that a jaggery vendor in the area was attacked by a group of men, following which police rushed to the incident and filed a complaint.

In the video, 3 men with sticks and bricks can be seen charging at the vendor as he tries to flee. However, failing to do so, the jaggery vendor gets ruthlessly beaten up by the group of men.

The video also shows the jaggery vendor imploring and screeching after being struck by the sticks. The man, after struggling, can be seen fleeing away from the grips of the men assaulting him. The men can also be seen chasing after him as the man runs from the group of men.

Watch video here:

Police’s action

After the video went viral, the authorities tweeted that Nandgram police nabbed 6 accused in the matter. According to the Police’s statements, the incident transpired on the morning of March 24. The police also added and said that the accused are local vendors of the area. The victim has also been identified as Danish.

The accused have been identified as Ashutosh, Ashish Kaushik, Pravesh Kaushik, Anupam Kaushik, Sonu, and Titu who are residents of the same area. The police are probing the case further, said reports.

Twitter reactions

After the video of the incident went viral, many users came forward to add their take on the incident. One user wrote termed the incident as shameful. The user also praised the Police authorities for putting the accused behind bars for their gooney actions.

One user also wrote and urged the administration to bulldoze the property of the accused in the matter as a way to reprimand them.

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Minor student dies in Bihar after getting allegedly beaten up over homework, accused absconding

As per the reports, one of Aditya’s friends has alleged that they found his body in a swollen state and even added that the beating spate continued for two days for reportedly not doing his homework.

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A harrowing story has come to light from Bihar where a 7-year-old boy, identified as Aditya Yadav, was found dead inside the hostel of his residential school. The victim’s friends have claimed that the boy was brutally beaten with a wooden stick for failing to complete his homework.

As per the reports, the incident transpired in Bihar’s Saharsa district where Aditya was studying. The victim was in the KG class in the residential school.

It was reported that the friend of the victim found the lying dead in the hostel. After they took the boy to Sujeet Kumar, the prime accused, he asked the students to leave the body at the hospital.

Subsequently, Kumar informed his parents that their child fainted inside the school but before the father could reach to see his son, he was declared dead.

As per the reports, one of Aditya’s friends has alleged that they found his body in a swollen state and even added that the beating spate continued for two days for reportedly not doing his homework.

However, the doctor that declared Aditya dead, said there were no injury marks on his body. He further said that the cause of the boy’s death can be determined only after the autopsy.

It was also reported that the prime accused, Sujeet Kumar is absconding and the father of the victim told the media that when he reached the private nursing home, his son had died and Sujeet Kumar wasn’t there.

The father also filed a complaint in which he alleged that his son was beaten to death. The father spoke to the media and claimed that they first took his son to a local doctor who referred him to a Saharsa. He further claimed that his son died during treatment.

The autopsy report of the victim is awaited and the police will act accordingly after that, said reports.

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Samajwadi Party chief Akhilesh Yadav shares video of cop thrashing ice-cream vendor | WATCH

The vendor, in fear, can be seen continuing on as the unruly policeman returned back to the other side of the road. The video also shows several people complacently witnessing the assault by the policeman.

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Former CM and Samajwadi chief Akhilesh Yadav shared a video of a policeman thrashing an ice cream vendor. Yadav in his tweet questioned the state of UP as he questioned the UP administration for their brutality.

Samajwadi Chief in his tweet also wrote and took a dig at the BJP by questioning if this is what they meant when they said that UP has worked for ease of doing business.

In the video, a policeman can be seen intercepting an ice cream vendor who was returning to his home. After stopping the ice cream vendor, the policeman out of the blue slapped the vendor without saying anything twice.

The vendor, in fear, can be seen continuing on as the unruly policeman returned back to the other side of the road. The video also shows several people complacently witnessing the assault by the policeman.

Watch video here:

The Samajwadi Party leader has been actively sharing videos from Uttar Pradesh in a bid to slam the UP government over their alleged inadequacy to govern. Yadav has, of late, increased the staunch attack on the Yogi government ahead of the Lok Sabha Election due in 2024.

Twitter reactions

After the video went viral, many users came forward to add their take on the incident as one user wrote and said that everyone is a goon nowadays, implying that the state of UP has boiled down to rule of goons.

One user wrote and highlighted how the policeman beat up the vendor, but didn’t say a word to the people in the car. The user further questioned if the police only show authority to the poor and not the rich. The user also alleged the UP police of torturing, killing and bullying the poor.

One user also wrote and slammed the government for being high on power and further accused the government and administration of using bulldozers on the public which is condemnable.

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