The Centre has told the Supreme Court that the November 2016 decision to withdraw Rs 500 and 1,000 currency notes was "one of the critical steps in the series of transformational economic policy steps" and this decision was taken .
The 2016 demonetisation was a “well-considered” decision and part of a larger strategy to combat the menace of fake money, terror financing, black money and tax evasion, the Union government has told the Supreme Court.
The Centre has told the Supreme Court that the November 2016 decision to withdraw Rs 500 and 1,000 currency notes was "one of the critical steps in the series of transformational economic policy steps".
Demonetisation 'one of critical steps in series of transformational economic policy': Centre to SC webindia123.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from webindia123.com Daily Mail and Mail on Sunday newspapers.
In Dakshina Kannada district Rs 1.92 crore demonitised currency was seized by the Police and have arrested 3 persons.Preliminary investigations suggested that the money was being brought from Chitradurga and Shivamogga districts.