1. Cannot change government’s policy, but implementation of note-ban lacked homework: Kolkata HC on demonetisation

Cannot change government’s policy, but implementation of note-ban lacked homework: Kolkata HC on demonetisation

The high court had stated that there had been lack of sincerity from the the bank employees part, resulting in the rise in public distress.

By: | New Delhi | Published: November 18, 2016 1:35 PM
To curb the rise in the circulation of black money in the country, the Narendra Modi-led central government had, on November 8, initiated the demonetisation policy. (Reuters) To curb the rise in the circulation of black money in the country, the Narendra Modi-led central government had, on November 8, initiated the demonetisation policy. (Reuters)

Following a public interest litigation (PIL) against the newly implemented demonetisation policy by the central government, the Kolkata High Court had, today, said that the the court cannot change government’s policy. However, the high court had stated that there had been lack of sincerity from the the bank employees part, resulting in the rise in public distress.

Citing the change in procedures and rules in the implemented policy everyday, the Kolkata HC said that there had been lack of homework by the government and also stated that the center had not put enough brain-work for the easy implementation of the policy.

To curb the rise in the circulation of black money in the country, the Narendra Modi-led central government had, on November 8, initiated the demonetisation policy, following which there had been a ban on the currency notes of the denomination Rs 500 and Rs 1,000, replacing them with currency notes of lower value and newly circulated notes of the value Rs 2,000.

The note-ban policy initiated by the Prime Minister had created a chaotic situation among the common people of the country, with many standing on long queues, outside banks and ATMs, in order to replace their old currency notes or withdraw usable cash. Even on the tenth day of the implementation, public distress continued with people waiting in never-ending lines for hours, even as the ATMs run out of cash.

Accusing the government of a improper implementation of the anti-graft policy, opposition parties had locked horns with the center and continued attempts to corner the center in the parliament for the third day in a row today.

However, Prime Minister Narendra Modi had taken an aggressive tone on the issue and had ruled out any possibility of roll back of the policy. Calling the note ban policy as a mandate, the Modi-government had stated the continuing distress among people as ‘a temporary pain for a long-term gain’.

The Supreme Court had today refused to put stay on any hearings in high or lower courts on the demonetisation policy.

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