Supreme Court upholds demonetisation; dissenting judge calls it 'unlawful'
It was "not relevant" whether the objective of the overnight ban was achieved, the majority judgment says.
It was "not relevant" whether the objective of the overnight ban was achieved, the majority judgment says.
Garg says that while demonetisation achieved some objectives like curbing fake money and terror funding, the government made certain wrong assumptions while doing the exercise.
With 99.3% of the demonetised currency back in circulation, the government’s major economic policy initiative of November 2016 seems to have achieved none of the stated objectives.