News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

This article was first published 7 years ago
Home  » Business » SC asks Centre for steps to ease Bharat's note ban agony

SC asks Centre for steps to ease Bharat's note ban agony

Source: PTI
December 02, 2016 15:02 IST
Get Rediff News in your Inbox:

The Supreme Court on Friday asked the Centre to spell out measures taken to ease the sufferings and inconvenience of people in rural areas, who are mostly dependent on co-operative banks, post-demonetisation.

A bench of Chief Justice T S Thakur and Justice D Y Chandrachud, while hearing a batch of pleas challenging various aspects of demonetisation, said all the parties should sit together and prepare a list of categories of cases which could be referred to high courts and those that could be heard by the apex court.

Attorney General Mukul Rohatgi, appearing for the Centre, said the government was aware of the situation in co-operative banks which lack proper infrastructure and mechanism as compared to scheduled banks.

"Entire chapter in the additional affidavit filed by the Centre is dedicated to the issue of co-operative banks. It is not that we are not aware of the situation but these (the co-operative banks) lack proper facilities, mechanism and proper infrastructure as compared to scheduled banks," he said.

He said the government has deliberately kept co-operative banks out of the drive as these did not have the expertise to detect fake currency.

Rohatgi said, "Several cases are filed each passing day in various high courts on various aspects post demonetisation and it is not possible to deal with cases simultaneously in Kerala, Kolkata, Jaipur and Mumbai... All these matters should be clubbed together and be referred to any one high court or the apex court should hear them."

Senior advocate P Chidambaram, appearing for co-operative banks, questioned the government's decision, saying that the rural economy was almost paralysed due to the non-inclusion of co-operative banks.

Senior advocate Kapil Sibal, appearing for one of the petitioners, suggested that they will sit together and file the list of categories by Monday.

The bench then posted the hearing on the matter to December 5.

Image: Kolkata saw a massive protest on November 28, 2016, against the Centre's demonetisation drive. Photograph: Swapan Mahapatra/PTI Photo.

Get Rediff News in your Inbox:
Source: PTI© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
 

Moneywiz Live!