Perspective : Demonetisation Verdict | 02 January, 2023

In this episode of the Perspective Prog. Based on 'Demonetisation Verdict'. More than six years after the Centre's decision to demonetise the Rs 1,000 and Rs 500 denomination notes, the Supreme Court in a 4:1 majority verdict, has upheld the move, saying the decision-making process was not flawed merely because the procedure emanated from the government. Ruling that the decision to scrap the high-value currency notes does not suffer from any legal or constitutional flaw, the top court said there was consultation between the Reserve Bank of India and the Union government for a period of six months. The top court also observed that the decision being the executive's economic policy cannot be reversed. Justice B V Nagarathna dissented from the majority judgment, saying demonetisation should've been done through a legislation and not through a notification. We'll analyse the key points of the SC's judgement on demonetisation in Perspective today.
Anchor:- Teena Jha
Producer:- Sagheer Ahmad
Guest Coordinator:- Anshuman, Vishwa Pratap Singh
Guests:-
1. Anand Singh Bhal, Former Principal Economic Advisor, Govt. of India
2. A.K. Bhattacharya, Editorial Director, Business Standard
3. Desh Ratan Nigam, Advocate, Supreme Court of India
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[@ASHOKSAINI-kr5bf]

Thank You Ma'am for your efforts

[@kirtigurukulclasses]

really helpful

[@BuilditRideit]

Now the public will notice the automatic toning down of the collegium debate, ...purpose served😄

[@sonalikumari9674]

Very very nice video ma'am thanks maam

[@pratap8442]

Why RBI didn't declare that. If outcome not achieved who to blame. 15 lac cr changed.

[@sushruthk897]

“It is an act of Secrecy”. Is a flawed argument to justify the process itself. How did Govt get back 99.4% currency back when it was an act of secrecy? This should have been the question to the panelist. I felt it was like a one side debate with no proper counter questions. Objectives/ intentions and outcomes cannot and should not be evaluated in silos.

[@shauryasaurabh07]

I expect mr Desh Ratan Nigam to get BJP ticket in near future..seeing his support to the govt..kuch v bol lo aam janta ko kya samjh aata h.. bechare bahut suffer kiye the..👌🙏

[@mnemonicboy]

It’s not about whether the objective achieved or not, it’s all about is the process was legal? Justice BV Nagarathna was right✅ I’m with minority judgement.

[@rsdogra1595]

majority verdict is right because its legal . question is about objective which Sc don't take

[@AKR571]

digital economy could also have been encouraged through incentives rather than note ban,if it is only achievement

[@raginisingh4379]

These days the kind of debates we expected from sansad TV is not being achieved. It seems very much iclined towards a side. Highly disappointed

[@kantavaria3107]

Giving time in parliament to implement the decision will also give time and power to crooks. Glad of the decision. As for people dying due to delimitation., well hope some have learned a good lesson that dealing with black money will only bring misery.

[@upendrabhushan6826]

Agree with Bhattacharya sir...

[@Mana-o-manisa]

Executive is itself is the will of people ...legislation and policy making are two different things ...👍

[@hamiltonborah2021]

SC should b renamed as technically useless

[@balagasantosh4401]

Loss of lives due to demonitization is not under SC jurisdiction is the verdict

[@anarghanayak8586]

demonetization met his objectives, which is why there have been only 5 to 10 no civilian blasts from 2019 till date..earlier It was 100-300 civilian blasts every year from 2005 to 2012.

[@rsdogra1595]

demonetisation happened in 2016

[@niksema6562]

Demonitization appeared in our life with holistic intentions to take away the issues from the society but in the process created more than it had before. If there was anything wrong with regard to Demonitization, I would say implementation. You can't drive a car without wheels even if you have filled the fuel tank.

[@saurabh7241]

Where are 2000₹ notes these days ? Answer will tell you whether demonetisation was good or bad.

[@rsdogra1595]

objectives is little bit achieved because these can be obtained without note ban e.g. online transaction etc. which government is buzz

[@rsdogra1595]

one positive thing is that which govt. not talk is that (which is implicit ) money is nothing without govt. approval and lot people think bank is right place not storing it in there home

[@musicsday]

Welcome to dictatorship 🙏

[@Gk-og7ig]

Only one institution i have faith that is SC but now this thing also lost its significance due to this judgement 😭😭😭

[@rsdogra1595]

Sc is right on the question of legality. so why you saying like that

[@Gk-og7ig]

@@rsdogra1595 Any thing can be proved logicaly or reasonably true but in reality that thing is not true this is fact one of the Indian philosophy that say this fact brother 🙏

[@rsdogra1595]

reasoning logic and scientific temperament is important than emotion of course may be emotion is right sometime but its not acceptable

[@Gk-og7ig]

@@rsdogra1595 those who lost their family members during demonitizatio they knows only feeling... emotions.....of decision output So whatever this is my view different people justified on their own judgement.... Reality doesn't change by opinion of me and you ultimate society is to decide it🙏

[@rsdogra1595]

May be problem in big cities is very acute

[@saurabh7241]

Operation successful, patient died