Demonetisation: Why no window to deposit banned notes after December 31, Supreme Court asks Centre

The Supreme Court has sought the Centre and the RBI's response on why they did not give a window to citizens to deposit demonetised currency after December 31.

The Supreme Court has sought the Centre and the RBI's response on why they did not give a window to citizens to deposit demonetised currency after December 31.

The apex court bench, headed by Chief Justice Jagdish Singh Khekar, gave the Central government and the Reserve Bank of India two weeks' time to reply to the notice.

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HERE IS ALL YOU NEED TO KNOW ABOUT WHAT SUPREME COURT SAID:

  1. The Supreme Court's notice to the Centre and the RBI came on a petition filed by one Sudha Mishra who claimed that people are not allowed to deposit their old currency notes at the central bank despite Narendra Modi government's promise.
  2. The Supreme Court asked Centre why it chose not to give a window to citizens to deposit demonetised currency after December 31.
  3. The apex court said that Prime Minister Narendra Modi in his November 8 speech had said that those facing genuine difficulty in depositing demonetised notes by December 31 would get a chance to deposit them till March 31.
  4. The Supreme Court said that the Prime Minister's speech gave hopes to people that those who missed the December 31 deadline could deposit their old notes by March 31 once they have explained their difficulty.
  5. The Supreme Court while fixing the next date of hearing as April 11 also asked the petitioner if she was in India or outside before December 31.
  6. "Why did you not exercise the option of opening another window (provided under law). You may have 20 reasons," the Supreme Court bench asked Attorney General Mukul Rohatgi after the AG told the court that Parliament had given the option to government but it chose not to exercise it. "I (government) didn't think it appropriate to exercise the option," the Attorney General told the court.

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