World Media

SC notice to Centre, RBI over plea on depositing old notes

SC notice to Centre, RBI over plea on depositing old notes

It is based on a cluster of Public Interest Litigations or PILs that challenge the RBI for not accepting any deposits of old notes after December.

Under the December 30 ordinance, only those who missed the December 30 deadline because they were travelling overseas could deposit old notes with RBI subject to verification.

A bench led by chief justice of India J S Khehar said that the discretion vested in the government by the ordinance had been exercised arbitrarily to allow one category only when the law permits the government to extend the relief to other categories too.

Ralphie IV, CU Buffs' retired mascot, has died
Ralphie was buried at an undisclosed location in Hendersonville, CO where she's resided since her retirement. After returning to health, Ralphie IV wouldn't bond with the herd, so she was donated to the university.

The apex court bench headed by Chief Justice JS Kehar, while hearing a PIL in this regard, asked the Centre to file an affidavit by April 11 explaining why the window was given only to NRIs and Indians who travelled overseas and not to other citizens of the country.

The pPrime minister's speech gave hope to those in difficulty to deposit demonetised currency by March 31.

The Supreme Court on Tuesday questioned the Reserve Bank of India and the Centre why a separate window was not created to allow people to deposit notes after December 30. Currently, only those who were overseas during this period and unable to avail of this window can deposit old notes.

Anti-Putin activist Alexei Navalny sprayed green in attack
The assailant, dressed in a black coat, then quickly ran away, according to the Associated Press. Image Caption: Mr Navalny is now prevented from running for president due to a fraud conviction.

As per the notice of December 30, only those individuals who missed the deadline of December 30, during their travel overseas, would be able to deposit banned notes with RBI, depending on verification.

The move to demonetise notes of Rs 500 and Rs 1000 was announced overnight on November 8, 2016 after by Prime Minister Modi. The apex court also pointed out that no notice was given to people on the closure of deposit window prior to the promulgation of ordinance.

On December 31, the RBI designated its five offices - Mumbai, New Delhi, Chennai, Kolkata, and Nagpur - to exchange defunct currency notes beyond the 50-day demonetisation period, subject to certain conditions.

Tottenham leading chase for Everton playmaker Ross Barkley in summer swoop
Tottenham are long-term admirers of the 23-year-old, who is deliberating over his future at Goodison Park. The report suggests while Spurs previously had doubts about Barkley, they have dissipated.