image
Supreme Court asks Centre, RBI to respond on plea for banned note exchange
New Delhi, Mar 6 (IBNS): The Supreme Court on Monday sought response from the Centre and the Reserve Bank of India (RBI) regarding allegations that people are not being allowed to deposit demonetised notes despite the March 31, 2017, deadline promised earlier, according to media reports.
It has been alleged that during his speech on November 8, the day the rupees 500 and rupees one thousand currency notes were banned, Prime Minister Narendra Modi had said that the notes could be exchanged after submitting a declaration form.
Excerpts from the PM's speech on Nov 8 as published by the Press Information Bureau (PIB): "There may be some who, for some reason, are not able to deposit their old five hundred or thousand rupee notes by 30th December 2016. They can go to specified offices of the Reserve Bank of India up to 31st March 2017 and deposit the notes after submitting a declaration form."
Reportedly, the RBI has sent away people recently who had gone to exchange their banned notes, media reported.
The rules for the withdrawal of money from accounts and the submission of banned notes were also changed several times since Nov 8.
The apex court will take up the note ban petitions again on Mar 10, media reported.
Top Headlines
-
News
Union Budget 2025: Laxman Jaiswal calls depreciating rupee, declining stock market as critical challenges faced by Indian economy
January 22, 2025
-
News
Donald Trump takes oath as 47th US President
January 21, 2025
-
News
Sona SPEED partners Sarla Aviation to design-make critical components for eVTOL air taxi
January 20, 2025
-
News
Magh Bihu celebrated in Kolkata
January 15, 2025
-
News
Justin Trudeau announces resignation as Canada's PM amid rising pressure by partymates
January 06, 2025
-
News
30 shots fired in mass shooting outside New York nightclub that injured 11: NYPD
January 02, 2025
-
News
Truck driver who rammed into New Orleans crowd flying ISIS flag identified as US Army veteran Shamsud-Din Jabbar
January 02, 2025
-
News
US: Mass shooting at a New York nightclub, 11 people shot
January 02, 2025
-
News
Jimmy Carter, longest-living US president, dies at 100
December 30, 2024
-
News
Flight catches fire after rough landing in Canada amid South Korean plane crash
December 29, 2024
