{"id":46013,"date":"2016-12-02T08:03:42","date_gmt":"2016-12-02T02:33:42","guid":{"rendered":"https:\/\/www.legalindia.com\/news\/?p=46013"},"modified":"2016-12-02T08:03:42","modified_gmt":"2016-12-02T02:33:42","slug":"fin-min-rbi-response-sought-exchanging-old-notes","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/news\/fin-min-rbi-response-sought-exchanging-old-notes","title":{"rendered":"Fin Min, RBI response sought on exchanging old notes"},"content":{"rendered":"
\"Fin
Fin Min, RBI response sought on exchanging old notes<\/figcaption><\/figure>\n

The Bombay High Court has sought response from the Finance Ministry and Reserve Bank of India on a PIL seeking extension of deadline for exchanging the demonetised notes.<\/p>\n

A division bench of Justices Bhushan Gavai and Vinay Deshpande issued the notices yesterday while hearing a Public Interest Litigation (PIL), and posted the matter for further hearing after three weeks.<\/p>\n

The petitioner, Urmila Wasudeo Kowe, said in her PIL that there should be more time to exchange old high denomination notes. The earlier deadline of November 24 to change the now defunct Rs 500 and Rs 1,000 notes has expired and many in rural areas and those from working class, could not change their hard earned money. For such segment, the time limit should be extended.<\/p>\n

The Central government demonetised the old high currency notes with effect from November 8 midnight and granted time till November 24 to exchange old notes.<\/p>\n

The labour, working class and migrant workers also have old notes and they are unable to deposit the same as many of them do not have bank accounts. It is not possible for them to reach to RBI and such persons should be allowed to exchange old notes from nationalised banks, the PIL said, while seeking such a direction to the RBI and the Centre.<\/p>\n

Advocate Ashwin Ingole appeared for the petitioner.<\/p>\n

( Source – PTI )<\/p>\n","protected":false},"excerpt":{"rendered":"

The Bombay High Court has sought response from the Finance Ministry and Reserve Bank of India on a PIL seeking extension of deadline for exchanging the demonetised notes. A division bench of Justices Bhushan Gavai and Vinay Deshpande issued the notices yesterday while hearing a Public Interest Litigation (PIL), and posted the matter for further […]<\/p>\n","protected":false},"author":38299,"featured_media":44593,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[47741,146,38168,31987,38167,117,80,18365],"class_list":["post-46013","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-law-news","tag-bombay-high-court","tag-court","tag-exchanging-old-notes","tag-featured","tag-fin-min","tag-law","tag-legal-news","tag-rbi"],"yoast_head":"\nFin Min, RBI response sought on exchanging old notes - Legal News India - Supreme Court & High Court Updates<\/title>\n<meta name=\"description\" content=\"The Bombay High Court has sought response from the Finance Ministry and Reserve Bank of India on a PIL seeking extension of deadline for exchanging the - Get the latest legal news from the Supreme Court, High Courts, and government. Essential updates on judgements, acts, and in-depth analysis for lawyers, advocates, and law students in India.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legalindia.com\/news\/fin-min-rbi-response-sought-exchanging-old-notes\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fin Min, RBI response sought on exchanging old notes - Legal News India - Supreme Court & High Court Updates\" \/>\n<meta property=\"og:description\" content=\"The Bombay High Court has sought response from the Finance Ministry and Reserve Bank of India on a PIL seeking extension of deadline for exchanging the - Get the latest legal news from the Supreme Court, High Courts, and government. 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The Mumbai and Solapur District Central Co-operative banks had\u2026","rel":"","context":"In "Top Law News"","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"Bombay HC seeks RBI's response on co-operative banks' petition","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/10\/bhc.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":46050,"url":"https:\/\/www.legalindia.com\/news\/bombay-hc-asks-rbi-consider-issue-salary-payment-teachers","url_meta":{"origin":46013,"position":2},"title":"Bombay HC asks RBI to consider issue of salary payment to teachers","author":"Legal India News","date":"December 5, 2016","format":false,"excerpt":"The Bombay High Court today asked the RBI to consider the issue of payment of salaries to aided school teachers since it is disbursed through district cooperative banks which have been prohibited from depositing and exchanging old currency notes. The Mumbai, Solapur, Nashik and Pune District Central Cooperative Banks had\u2026","rel":"","context":"In "Top Law News"","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"Bombay HC asks RBI to consider issue of salary payment to teachers","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/10\/bhc.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":45813,"url":"https:\/\/www.legalindia.com\/news\/cannot-disclose-details-release-new-rs-500-notes-rbi","url_meta":{"origin":46013,"position":3},"title":"Cannot disclose details on release of new Rs 500 notes: RBI","author":"Legal India News","date":"November 18, 2016","format":false,"excerpt":"The Reserve Bank of India today informed the Madras High Court that it cannot disclose details regarding the release of new Rs 500 denomination currency to the banks for distribution due to security reasons. The submission was made by the counsel for RBI on a petition seeking a direction to\u2026","rel":"","context":"In "High Profile Cases"","block_context":{"text":"High Profile Cases","link":"https:\/\/www.legalindia.com\/news\/category\/high-profile-cases"},"img":{"alt_text":"Cannot disclose details on release of new Rs 500 notes: RBI","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/10\/RBI-Logo-300x226.jpeg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":50382,"url":"https:\/\/www.legalindia.com\/news\/visually-impaired-cannot-recognise-new-rs-50-note-pil-hc","url_meta":{"origin":46013,"position":4},"title":"Visually impaired cannot recognise new Rs 50 note: PIL in HC","author":"Legal India Admin","date":"November 4, 2017","format":false,"excerpt":"The newly issued Rs 50 currency notes cannot be differentiated from others by visually impaired persons, a PIL today claimed in the Delhi High Court which sought the RBI and the Centre's stand on the issue. A bench of Acting Chief Justice Gita Mittal and Justice C Hari Shankar said\u2026","rel":"","context":"In "Top Law News"","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"Visually impaired cannot recognise new Rs 50 note: PIL in HC","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2017\/07\/mhc.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":46482,"url":"https:\/\/www.legalindia.com\/news\/pil-bombay-hc-challenges-govt-ordinance-demonetisation","url_meta":{"origin":46013,"position":5},"title":"PIL in Bombay HC challenges govt ordinance on demonetisation","author":"Legal India News","date":"January 9, 2017","format":false,"excerpt":"A PIL in Bombay High Court has challenged an ordinance issued by the Union government restricting members of the public from depositing the demonetised Rs 500 and Rs 1,000 notes in Reserve Bank of India branches. The petition, filed recently by Congress leader Sachin Sawant, has sought quashing of the\u2026","rel":"","context":"In "Top Law News"","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"PIL in Bombay HC challenges govt ordinance on demonetisation","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/10\/bhc.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"jetpack_shortlink":"https:\/\/wp.me\/p6H5Bf-bY9","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts\/46013","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/users\/38299"}],"replies":[{"embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/comments?post=46013"}],"version-history":[{"count":0,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts\/46013\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/media\/44593"}],"wp:attachment":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/media?parent=46013"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/categories?post=46013"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/tags?post=46013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}