Demonetisation: Why was the decision of demonetisation taken? Central government gave this answer in SC – न्यूज़लीड India

Demonetisation: Why was the decision of demonetisation taken? Central government gave this answer in SC



The Central Government on Wednesday told the Supreme Court that the November 8, 2016 order to withdraw Rs 500 and Rs 1,000 notes from legal tender was an economic policy decision, taken after extensive consultations with the RBI and advance preparation .

Why did the central government do this?

The Center on Wednesday defended its decision in the Supreme Court, saying that the decision to demonetise and demonetise Rs 500 and Rs 1,000 notes was taken after a thorough discussion with the Reserve Bank of India and its decision was taken before demonetisation. All the preparations were done.

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