{"id":46050,"date":"2016-12-05T09:38:05","date_gmt":"2016-12-05T04:08:05","guid":{"rendered":"https:\/\/www.legalindia.com\/news\/?p=46050"},"modified":"2016-12-05T09:38:05","modified_gmt":"2016-12-05T04:08:05","slug":"bombay-hc-asks-rbi-consider-issue-salary-payment-teachers","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/news\/bombay-hc-asks-rbi-consider-issue-salary-payment-teachers","title":{"rendered":"Bombay HC asks RBI to consider issue of salary payment to teachers"},"content":{"rendered":"
\"Bombay
Bombay HC asks RBI to consider issue of salary payment to teachers<\/figcaption><\/figure>\n

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.<\/p>\n

The Mumbai, Solapur, Nashik and Pune District Central Cooperative Banks had approached the high court challenging the RBI circular of November 14, restricting them from exchanging or depositing old currency notes of Rs 500 and Rs 1,000, which were declared as illegal tender under the government’s demonetisation move on November 8.<\/p>\n

Solapur co-operative bank counsel V M Thorat today informed the court that the bank receives around Rs 95 crore from the state government for salaries of teachers in aided schools, but due to the circular the bank is not able to disburse the amount.<\/p>\n

A division bench of Justices A S Oka and Anuja Prabhudessai asked the Reserve Bank to consider the issue.<\/p>\n

“RBI needs to consider this issue. We cannot take this matter up on merits as the Supreme Court is already seized of the main contentions raised in the petitions, but this particular issue about teachers’ salaries can be looked into,” Justice Oka said.<\/p>\n

“It is common knowledge that teachers of aided schools get their salaries from cooperative banks. We want to know how teachers will get their salaries now,” the court said.<\/p>\n

Thorat informed the bench today that the banks have filed application in the apex court seeking clarification on whether the high court can hear the matter.<\/p>\n

“The application along with the transfer petition filed by the Union government seeking for all petitions filed on the demonetisation issue to be heard by SC itself is posted for hearing on December 9,” the counsel said.<\/p>\n

The high court then adjourned the cooperative banks’ petitions to December 14.<\/p>\n

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

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 approached the high court challenging […]<\/p>\n","protected":false},"author":38299,"featured_media":45196,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_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}},"categories":[1],"tags":[47741,146,31987,117,80,18365,38195],"class_list":["post-46050","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-law-news","tag-bombay-high-court","tag-court","tag-featured","tag-law","tag-legal-news","tag-rbi","tag-salary-payment-to-teachers"],"yoast_head":"\nBombay HC asks RBI to consider issue of salary payment to teachers - Legal News India - Supreme Court & High Court Updates<\/title>\n<meta name=\"description\" content=\"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 - 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":45975,"url":"https:\/\/www.legalindia.com\/news\/demonetisation-guj-hc-seeks-response-centre-rbi","url_meta":{"origin":46050,"position":3},"title":"Demonetisation: Guj HC seeks response from Centre, RBI","author":"Legal India News","date":"November 30, 2016","format":false,"excerpt":"The Gujarat High Court has sought response from the Centre and RBI on a PIL challenging the legality of demonetisation and exclusion of district cooperative bank account holders from exchanging or withdrawing currency notes. A division bench of Chief Justice R Subhash Reddy and Justice V M Pancholi sought 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":"Demonetisation: Guj HC seeks response from Centre, RBI","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/08\/gujrat-hc.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":46013,"url":"https:\/\/www.legalindia.com\/news\/fin-min-rbi-response-sought-exchanging-old-notes","url_meta":{"origin":46050,"position":4},"title":"Fin Min, RBI response sought on exchanging old notes","author":"Legal India News","date":"December 2, 2016","format":false,"excerpt":"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\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":"Fin Min, RBI response sought on exchanging old notes","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":46050,"position":5},"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":[]}],"jetpack_shortlink":"https:\/\/wp.me\/p6H5Bf-bYK","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts\/46050","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=46050"}],"version-history":[{"count":0,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts\/46050\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/media\/45196"}],"wp:attachment":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/media?parent=46050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/categories?post=46050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/tags?post=46050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}