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Vol. XLVIII · No. 134 · Established 1978 · Founded by K.B. Ganapathy
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Can't ban everyone from depositing old notes: SC

New Delhi: People with legitimate reasons for not being able to deposit old 500 and 1,000 rupee notes — like those in prison — cannot be denied the right to swap the…

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Published July 4, 2017 · 1 min read
can't ban everyone from deposi

New Delhi: People with legitimate reasons for not being able to deposit old 500 and 1,000 rupee notes — like those in prison — cannot be denied the right to swap the outlawed currency for new notes, the Supreme Court said today, asking the Government to explain how it will help these citizens by the 17th of this month.

In Nov. 2016, PM Modi announced that high-denomination notes would be illegal for transactions and the people were given time till Dec. 31, 2016 to turn in their old notes at Post Offices and Banks.

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