New Delhi/Nagpur: The Supreme Court refuses to stay the Centre’s notification demonetising Rs 500 and Rs 1,000 currency notes. The SC asks the Centre to file an affidavit giving details of steps taken to ease inconvenience faced by citizens. The court agrees with the Attorney General’s contention that there will be “some collateral damage in a surgical strike against blackmoney”. The SC without issuing notice to govt, posts the matter for further hearing on November 25.
As India deals with a massive cash crunch, indelible ink will be used at banks to mark those who have withdrawn new notes to ensure that people are not drawing more than their fair share, said Finance Ministry officials today.