shot-button
Subscription Subscription
Home > News > India News > Article > Cash crunch SC asks Centre to spell out steps to ease inconvenience

Cash crunch: SC asks Centre to spell out steps to ease inconvenience

Updated on: 03 December,2016 08:35 AM IST  | 
Agencies |

The Supreme Court yesterday asked the Centre to spell out measures taken

Cash crunch: SC asks Centre to spell out steps to ease inconvenience

Many shops don’t accept the demonetised notes. Pic/AFP


New Delhi: The Supreme Court yesterday asked the Centre to spell out measures taken to ease the sufferings and inconvenience of people in rural areas, who are mostly dependent on co-operative banks, post-demonetisation.


A bench of Chief Justice T S Thakur and Justice D Y Chandrachud, while hearing a batch of pleas challenging various aspects of demonetisation, said all the parties should sit together and prepare a list of categories of cases which could be referred to high courts and those that could be heard by the apex court


Attorney General Mukul Rohatgi, appearing for the Centre, said that the government is aware of the situation in co-operative banks which lack proper infrastructure and mechanism as compared to scheduled banks. Senior advocate P Chidambaram, appearing for co-operative banks, questioned the government's decision, saying that the rural economy is almost paralysed due to non-inclusion of co-operative banks. Senior advocate Kapil Sibal, appearing for one of the petitioners, suggested that they sit together and file the list of categories.

The bench then posted the hearing on the matter to December 5. Meanwhile, Parliament failed to transact any business again yesterday, the 12th consecutive day over the issue.

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!


Mid-Day Web Stories

Mid-Day Web Stories

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK