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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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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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First in my bloodline to build a rocket PM Modi recalls journey at IIT Delhi

PM Modi urged IIT Delhi graduates to stay curious, question accepted ideas and continuously learn during the institute’s 57th convocation.

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PM Modi

Prime Minister Narendra Modi urged IIT Delhi graduates to remain curious, question ideas that are accepted without thought and have the courage to find solutions as they begin the next chapter of their lives.

Addressing the 57th convocation ceremony of IIT Delhi, PM Modi said India’s young engineers are contributing to achievements in areas such as launch vehicles and rockets.

He highlighted the aspirations of young engineers while referring to the pride of someone becoming the “first in my bloodline to build a rocket.”

PM Modi’s message to IIT Delhi graduates

PM Modi asked the students not to limit themselves to questioning existing ideas but to also work towards finding solutions.

He said an empowered youth population would contribute to an empowered country and highlighted India’s efforts towards self-reliance in economic, technological and industrial sectors as part of the foundation of Viksit Bharat.

The Prime Minister also advised the graduates to keep their curiosity alive and maintain their instinct to learn.

‘The one who continuously learns is the one who will win’

Speaking about the rapid pace of technological change and its impact on the global landscape, PM Modi said the current period presents both challenges and opportunities.

He encouraged the students to continue learning throughout their lives, saying that those who keep learning will be the ones who succeed.

PM Modi also stressed that an IIT degree represents more than a high CGPA or a lucrative placement. According to him, the degree demonstrates the ability to solve difficult problems.

PM Modi praises students and new AI initiatives

The Prime Minister congratulated the graduating students and their families on their academic achievements and praised the medal recipients.

He also highlighted the launch of new artificial intelligence initiatives at the institute.

Reflecting on the students’ journey from orientation to convocation, PM Modi referred to the different paths they may now pursue, including taking up jobs, building startups or preparing for competitive examinations.

He urged the graduates to approach difficulties by breaking large challenges into smaller, manageable problems, drawing a parallel with solving complex laboratory simulations.

PM Modi said that while difficulties would arise in life, new opportunities would also emerge, and students should remain alert to them.

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Amarnath Yatra Suspended From Jammu Amid Heavy Rain Forecast

Amarnath Yatra movement from Jammu was suspended on Saturday amid a forecast of heavy rain in Jammu and Kashmir.

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The Amarnath Yatra was suspended from Jammu on Saturday as authorities took precautionary measures following an adverse weather forecast and the possibility of heavy rainfall in Jammu and Kashmir, particularly in the Jammu division.

No fresh batch of pilgrims was allowed to leave the Bhagwati Nagar Yatri Niwas in Jammu for the Kashmir Valley on Saturday. Officials said the situation would be reviewed depending on weather conditions.

Weather forecast prompts precautionary halt

The decision came after the Meteorological Department forecast heavy rain in the region. Authorities are also closely monitoring the condition of the Jammu-Srinagar National Highway, which is the route used by pilgrims travelling from Jammu towards the yatra’s base camps.

Officials said the movement of pilgrims would depend on weather conditions and the status of the highway.

More than 4.75 lakh pilgrims had visited the holy cave shrine for darshan till Friday. The number of pilgrims arriving in Jammu for the pilgrimage has also declined.

Yatra continues from Baltal route

The annual Amarnath Yatra began on July 3 and is scheduled to conclude on August 28, coinciding with Shravan Purnima and Raksha Bandhan.

At present, pilgrims are undertaking the yatra from the Baltal base camp in north Kashmir’s Ganderbal district. The route from the Nunwan base camp in south Kashmir’s Pahalgam is currently unavailable because track maintenance work is underway.

The latest suspension follows an earlier one-day halt on Thursday due to security arrangements on the seventh anniversary of the abrogation of Articles 370 and 35A.

On Thursday, a fresh batch of 1,801 pilgrims left the Bhagwati Nagar Yatri Niwas in Jammu for Baltal. The group included men, women, sadhus and sadhvis and travelled in 74 vehicles under security arrangements.

More than 4.71 lakh pilgrims had darshan

Since the start of this year’s pilgrimage, more than 4.71 lakh pilgrims had already visited the holy cave shrine, according to officials.

The Amarnath cave is located at an altitude of around 3,880 metres in the Kashmir Himalayas. The shrine houses an ice stalagmite formation that changes in size with the phases of the moon and is revered by devotees as a symbol associated with Lord Shiva.

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Delhi-NCR rain: IMD forecasts showers till August 14 amid waterlogging

Delhi-NCR is likely to see intermittent rain till August 14, with the IMD warning of waterlogging, traffic congestion and reduced visibility.

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Delhi Rain 2026

Delhi and several parts of the National Capital Region are likely to remain under generally cloudy skies with intermittent rain spells through August 14, according to the India Meteorological Department (IMD). The forecast comes after heavy rainfall caused widespread waterlogging and traffic disruptions across the region.

The IMD had issued a yellow alert for Delhi-NCR for August 8. The rain also brought down temperatures across the capital, with maximum temperatures remaining 3 to 7 degrees Celsius below the seasonal average.

Delhi records heavy rainfall

All 11 administrative districts of Delhi recorded significant rainfall during the 24-hour period ending at 8:30 am on August 8.

South Delhi recorded some of the highest rainfall totals. The automatic weather station at the Pharmaceutical Sciences and Research University recorded 165 mm of rain, while the IGNOU campus station recorded 138 mm and Aya Nagar received 115 mm.

Palam recorded 104.6 mm, Najafgarh 103.5 mm and Janakpuri 102.5 mm during the same observation period. At Safdarjung Observatory, the official baseline station for New Delhi, 98.7 mm of rainfall was recorded.

The neighbouring NCR cities also received significant rainfall. Gurgaon recorded 96.5 mm, while Ghaziabad received 33 mm and Noida 28.5 mm during the same 24-hour period.

Temperatures fall as rain continues

The widespread rainfall brought a sharp drop in temperatures across the capital. Daytime maximum temperatures ranged between 26.5 degrees Celsius and 28.4 degrees Celsius, compared with a climatological norm of around 34.2 degrees Celsius for this period.

Minimum temperatures were recorded between 21.7 degrees Celsius and 25.9 degrees Celsius, also remaining below seasonal averages. Relative humidity reached 100% at several monitoring stations, while easterly winds of 20 to 25 km/h added to the cool and damp conditions.

Why is Delhi receiving so much rain?

According to the IMD’s analysis, multiple weather systems are contributing to the current rainfall over Delhi-NCR.

The monsoon trough is passing across North India, while the remnants of a weakened low-pressure system are associated with a cyclonic circulation over northeast Rajasthan and neighbouring areas. A mid-tropospheric western disturbance is also interacting with the monsoon flow.

Delhi-NCR rain forecast till August 14

The IMD expects generally cloudy conditions with intermittent rain spells across Delhi and adjoining NCR cities, including Noida, Ghaziabad, Gurgaon and Faridabad, through August 14.

On Sunday, August 9, very light rain is possible from early morning to forenoon, with another light spell likely towards the evening. Temperatures are expected to rise slightly, with maximum temperatures between 33 and 35 degrees Celsius.

On Monday, August 10, the sky is expected to remain generally cloudy, with one or two spells of very light to light rain possible during the afternoon or evening.

On Tuesday, August 11, light rain is forecast from early morning to noon and again during the evening or night.

From Wednesday, August 12, to Friday, August 14, overcast conditions are expected to continue, with short spells of light rain possible between the forenoon and evening hours. Maximum temperatures are likely to remain between 32 and 35 degrees Celsius.

IMD issues waterlogging and travel advisory

The weather department has warned of localised waterlogging on major roads and low-lying underpasses, along with traffic congestion and reduced visibility during heavy downpours.

The IMD has advised commuters to check real-time traffic updates before travelling, follow directions issued by traffic authorities and avoid roads and underpasses that are prone to water accumulation during monsoon spells.

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