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SC upholds Govt’s 2016 demonetisation move

First Published: 2nd January, 2023 20:10 IST

In a historic move, the Supreme Court on its first working day of 2023, has upheld the decision of the Central government taken in 2016 to demonetise the currency notes

A five-judge Constitution bench dismissed a batch of petitions challenging the Centre’s 2016 decision to demonetise Rs. 500 and Rs. 1000 currency notes, stating that the decision, being the Executive’s economic policy, cannot be reversed.

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