{"id":47238,"date":"2017-03-06T03:34:20","date_gmt":"2017-03-05T22:04:20","guid":{"rendered":"https:\/\/www.legalindia.com\/news\/?p=47238"},"modified":"2017-03-06T03:34:20","modified_gmt":"2017-03-05T22:04:20","slug":"pil-not-weapon-challenge-financial-decisions-rbi-delhi-hc","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/news\/pil-not-weapon-challenge-financial-decisions-rbi-delhi-hc","title":{"rendered":"PIL not a weapon to challenge financial decisions: RBI to Delhi HC"},"content":{"rendered":"<figure id=\"attachment_44419\" aria-describedby=\"caption-attachment-44419\" style=\"width: 240px\" class=\"wp-caption alignright\"><a href=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/08\/order.jpg?ssl=1\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" data-attachment-id=\"44419\" data-permalink=\"https:\/\/www.legalindia.com\/news\/court-orders-fir-cop-2-others-cheating\/order\" data-orig-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/08\/order.jpg?fit=240%2C134&amp;ssl=1\" data-orig-size=\"240,134\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"order\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/08\/order.jpg?fit=240%2C134&amp;ssl=1\" class=\"wp-image-44419 size-full\" src=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/08\/order.jpg?resize=240%2C134&#038;ssl=1\" alt=\"PIL not a weapon to challenge financial decisions: RBI to Delhi HC\" width=\"240\" height=\"134\" srcset=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/08\/order.jpg?w=240&amp;ssl=1 240w, https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/08\/order.jpg?resize=150%2C84&amp;ssl=1 150w\" sizes=\"auto, (max-width: 240px) 100vw, 240px\" \/><\/a><figcaption id=\"caption-attachment-44419\" class=\"wp-caption-text\">PIL not a weapon to challenge financial decisions: RBI to Delhi HC<\/figcaption><\/figure>\n<p>Public interest litigation (PIL) cannot be used as a &#8220;weapon to challenge financial or economic decisions&#8221;, the RBI has told the Delhi High Court opposing a plea against the surcharge on credit and debit card transactions.<\/p>\n<p>The plea has alleged that the surcharge levied by the banks and the financial institutions on credit and debit card transactions was &#8220;illegal&#8221; and &#8220;discriminatory&#8221;.<\/p>\n<p>The Reserve Bank of India (RBI) has urged a bench of Chief Justice G Rohini and Justice Sangita Dhingra Sehgal to dismiss the PIL.<\/p>\n<p>&#8220;The decisions are taken by the RBI in exercise of its administrative\/statutory powers and in public interest.<\/p>\n<p>&#8220;The issues in the writ petition pertain purely to the economic policy of the state and the challenge to the same at the instance of a public-spirited person cannot fall within the parameters of PIL, as has been laid down by the Supreme Court from time to time,&#8221; the RBI submitted.<\/p>\n<p>The response of the federal bank came on the PIL filed by advocate Amit Sahni who alleged that though Prime Minister Narendra Modi&#8217;s demonetisation move was beneficial, the decision to levy surcharge on credit and debit card transactions was &#8220;highly unfortunate&#8221;.<\/p>\n<p>&#8220;The issue raised in the present petition almost affects everyone operating a bank account,&#8221; the plea said, adding that the &#8220;unlawful, unequal and arbitrary treatment is visible in the payment of petrol charges through credit and debit cards&#8221;.<\/p>\n<p>The lawyer said that levying surcharge is not only illegal and discriminatory but it also promotes circulation of black money.<\/p>\n<p>The RBI, however, refuted the petitioner&#8217;s contention and said that it has neither violated any fundamental right or any legal right of the petitioner or any citizen of India.<\/p>\n<p>( Source &#8211; PTI )<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Public interest litigation (PIL) cannot be used as a &#8220;weapon to challenge financial or economic decisions&#8221;, the RBI has told the Delhi High Court opposing a plea against the surcharge on credit and debit card transactions. The plea has alleged that the surcharge levied by the banks and the financial institutions on credit and debit [&hellip;]<\/p>\n","protected":false},"author":1,"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":[1954],"tags":[146,255,31987,117,80,38841,18365],"class_list":["post-47238","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-high-profile-cases","tag-court","tag-delhi-high-court","tag-featured","tag-law","tag-legal-news","tag-pil-not-a-weapon-to-challenge-financial-decisions","tag-rbi"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PIL not a weapon to challenge financial decisions: RBI to Delhi HC - Legal News India - Supreme Court &amp; High Court Updates<\/title>\n<meta name=\"description\" content=\"Public interest litigation (PIL) cannot be used as a &quot;weapon to challenge financial or economic decisions&quot;, the RBI has told the Delhi High Court opposing - Get the latest legal news from the Supreme Court, High Courts, and government. 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