India’s Supreme Court says 2016 demonetisation decision was legal
2 years ago

India’s Supreme Court says 2016 demonetisation decision was legal

Al Jazeera  

A five-judge bench upholds the legality of the move to demonetise 86 percent of the country’s cash in circulation. The Supreme Court of India has upheld the legality of the government’s decision in 2016 to demonetise 86 percent of the country’s cash in circulation, saying the decision was taken in consultation with the central bank and followed due process. “The … notification dated 8th November 2016 does not suffer from any flaws in the decision-making process,” Justice BR Gavai, one of the four judges who agreed on the decision, said in a written opinion. India’s main opposition Congress party said the top court decision said nothing about the impact of demonetisation, which the party called “a singularly disastrous move”. “The majority Supreme Court verdict deals with the limited issue of the process of decision-making, not with its outcomes,” party spokesman Jairam Ramesh said in a statement.

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