The Delhi High Court has sought a response from the Centre on a plea seeking to recall all banknotes of denominations other than ₹100. The plea also seeks to introduce new currency notes of ₹500 and ₹1,000 with added security features.
The petitioner has argued that the move would help curb the menace of fake currency notes and promote digital transactions. The plea states that the circulation of high denomination notes fuels corruption and black money, which has a negative impact on the country’s economy.
The court has asked the Centre to file its response to the plea within four weeks. The plea has been listed for further hearing in July 2022.
The plea states that the circulation of high denomination notes fuels corruption and black money, which has a negative impact on the country’s economy.
The court has asked the Centre to file its response to the plea within four weeks. The plea has been listed for further hearing in July 2022.
The petition filed before the Delhi High Court seeks the recall of all banknotes except the ₹100 denomination. The petitioner argues that the circulation of high denomination notes fuels corruption and the black money economy, which has a negative impact on the country’s economy.
The court has asked the Centre to respond to the petition within four weeks. The next hearing on the case is scheduled for July 2022. It is important to note that this is just a plea, and the court has not made any decision on the matter yet.
