Centralgovernmentnews

The supreme court on Monday cleared its decision on the govt’s move to demonetize the 500 and 1000 rs note back in 2016, and sad thatthe government’s move is “Valid.”The five-judge Constitution bench of the apex court headed by Justice SA Nazeer said that the decision, being the Executive’s economic policy, cannot be “reversed”. The top court also said that the Centre’s decision-making process “could not have been flawed” as there was consultation between the Reserve Bank of India (RBI) and the Central government.Further they made the statement  during the hearing that the notification of Demonetization of Indian Currency notes of 1000 and 500 rs can not be “unreasonable.”  “The notification dated November 8, 2016, is valid and satisfies the test of proportionality,” the bench, which also comprised justices BV Nagarathna, BR Gavai, AS Bopanna, and V Ramasubramanian, said.Further it was said , it is not neccessary to know that the objective for which the the decision was taken is fulf