Supreme Court refused to suspend the decision of demonetization

The Supreme Court of India

New Delhi. The Supreme Court on Tuesday heard a batch of petitions challenging the government’s decision to scrap Rs.500 and Rs.1000 currency notes.

The court, acting on petitions, refused to suspend the decision but asked the government to submit a report on steps taken to ease the crunch for citizens.

Four Public Interest Litigations (PILs) have been filed against the scheme, which has caused massive upheavals across the nation.

The PILs were filed in the apex court questioning the government’s rationale and modus operandi behind the implementation of the drive, as it has reportedly caused inconvenience to the general public.

“The common man should not suffer,” the court said, suggesting that the government should raise the withdrawal limit.

“The general feeling is it is causing inconvenience to common man,” said the Chief Justice of India, TS Thakur.

Since yesterday, the government has announced several measures to make it easier for citizens to access cash.

Indelible ink will be used at banks to mark those who have exchanged notes to ensure that people are not drawing more than their fair share, Finance Ministry officials today said.

The same tactic is used to prevent multiple voting in elections. An ink stamp will be used after a person has exchanged Rs. 4,500 worth of old notes for new ones, the weekly limit set for now.

The weekly cash withdrawal limit has been raised to Rs. 24,000. At ATMs, people can withdraw up to Rs. 2,500 per card per day.

Old notes can be used at government hospitals, petrol stations, toll booths and other essential services till November 24.



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