Connect with us

Hi, what are you looking for?


2016’s Demonetization Move Upheld By Supreme Court! Here’s How The Nation Reacted

Demonetization FI

Supreme Court of India on Monday upheld the government’s decision in 2016 to demonetize 86% of the country’s cash in circulation, saying the decision was taken in consultation with the central bank and followed legal due process. The court’s judgment came on a batch of 58 petitions challenging the demonization. The petitioners included lawyers, a political party, cooperative banks, and individuals.

Supreme Court to hear petitions challenging demonetization today

Image Courtesy: Dnaindia

“The…notification dated 8th November 2016 does not suffer from any flaws in the decision-making process,” Justice B R Gavai, one of the four judges who agreed on the decision, said in a written opinion. India’s former finance minister, P Chidambaram was among the lawyers who argued against the note ban measure.

The verdict was passed by a score of 4-1

A five-judge bench of the country’s top court passed the verdict by a majority on a batch of petitions questioning the move. One out of the five judges wrote a dissenting opinion. Justice BV Nagarathna differed from the majority judgment on the point of the Centre’s powers under section 26(2) of the RBI Act.


She, however, added that the move was well thought of, to battle counter black money circulation and terror funding.

Here’s how Twitter reacted…

A tweet from Jairam Ramesh which is making rounds by the opposition.

To which Kanchan Gupta replied,

A user stated,

A twitter attacked the opposition for the narrative being spread,

Minister Anurag Thakur tweeted,

A twitter user stated the BJP planned this,

A Twitter user stated how this was bound to happen and is not surprising,

Irrespective of the verdict, nobody can deny the damage Demonetization did to the country. Yes, there are advantages of the move but at the time it was brought in was very abrupt, which led to many commoners being mainly affected by the move.

Despite the chaos caused by the move, many people supported demonetization after Prime Minister Narendra Modi framed the decision as a fight for the poor against the corrupt.

Demonetization: लक्ष्मण रेषेच्या आत राहून करणार नोटबंदीचा तपास- सुप्रीम ...

Image Courtesy: TV9marathi

Though it’s been 6 years since the move was brought in and there is nothing much that can be done to reverse it now. With the economic challenges faced by the nation, it’s better to look ahead and shift our focus on the upcoming threats.



Amit Shah’s Merger Remark Between Amul and KMF Triggers A Hot Debate In The State


Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like


A video showing a baby with redness and cracks has gone viral, naming it ‘alien baby’ and ‘demon child’. The video claims that the...

National News

The CBI conducted investigations at 77 locations spanning 14 states, detaining ten suspects as part of a massive crackdown on online child sex abuse....


The much-awaited Khakee: The Bihar Chapter was released on Netflix on November 25 and since then Chandan Mahto, who is the main antagonist in...


Twenty days after its release, Rishabh Shetty’s ‘Kanatara’ continues to be the first choice for moviegoers. After a thundering response to the Kannada version,...