Centre’s ‘no’ to SC appeal on old notes: 
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Centre’s ‘no’ to SC appeal on old notes


Centre denies SC appeal to extend grace period to deposit old notes Context

  • The Centre says there is no justifiable reason to let citizens have any grace period to deposit their demonetized notes after the cut-off date of December 30, 2016.

Centre explains

  • Centre told Supreme Court that the decision taken was a conscious one.
  • Accepting SC plea for allowing so, would defeat the very purpose of demonetization.

SC appeal

  • The Supreme Court appealed to open a window for genuine people, like the terminally ill and invalids.
  • Window only for those who were unable to deposit their demonetized Rs. 1,000 and Rs. 500 notes between November 9 and December 30 last year.

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