{"id":56897,"date":"2019-07-26T15:15:41","date_gmt":"2019-07-26T09:45:41","guid":{"rendered":"https:\/\/www.legalindia.com\/news\/?p=56897"},"modified":"2019-07-26T15:15:41","modified_gmt":"2019-07-26T09:45:41","slug":"pil-in-high-court-to-cap-cash-transactions-at-rs-10000","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/news\/pil-in-high-court-to-cap-cash-transactions-at-rs-10000","title":{"rendered":"PIL in High Court to cap cash transactions at Rs 10,000"},"content":{"rendered":"<p>A PIL was moved in the Delhi High Court on Thursday, seeking directions to the Centre and AAP government to cap cash transactions at Rs 10,000, saying such a step would help curb illegal activities like terrorism, corruption and use of black money.<\/p>\n<p><a href=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/06\/download-2019-05-29T043026.520.jpg?ssl=1\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"168\" data-attachment-id=\"56318\" data-permalink=\"https:\/\/www.legalindia.com\/news\/high-court-acquits-man-of-rape-notes-woman-called-him-529-times-before-informing-police\/download-2019-05-29t043026-520\" data-orig-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/06\/download-2019-05-29T043026.520.jpg?fit=300%2C168&amp;ssl=1\" data-orig-size=\"300,168\" 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=\"download &amp;#8211; 2019-05-29T043026.520\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/06\/download-2019-05-29T043026.520.jpg?fit=300%2C168&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/06\/download-2019-05-29T043026.520.jpg?fit=300%2C168&amp;ssl=1\" class=\"alignleft size-full wp-image-56318\" src=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/06\/download-2019-05-29T043026.520.jpg?resize=300%2C168&#038;ssl=1\" alt=\"\" srcset=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/06\/download-2019-05-29T043026.520.jpg?w=300&amp;ssl=1 300w, https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/06\/download-2019-05-29T043026.520.jpg?resize=150%2C84&amp;ssl=1 150w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>The petition, by BJP leader and lawyer Ashwini Kumar Upadhyay, claimed that &#8220;cash transactions in high denomination currency is used in illegal activities like terrorism, naxalism, separatism, radicalism, smuggling, money laundering, kidnapping, extortion and bribery&#8221;.<\/p>\n<p>Upadhyay has contended that a cap on cash transactions would force black money holders to declare their unaudited movable and immovable assets.<\/p>\n<p>&#8220;Thus, in a long way, it will help in putting an end to black money,&#8221; the petition said and added it would also lead to people depositing their cash in banks which in turn would generate revenue for government.<\/p>\n<p>The plea said the government can use the revenue so generated for betterment of society and to provide good infrastructure and facilities to people.<\/p>\n<p>The petition further said that black money &#8220;distorts and disrupts the public distribution system with great violence&#8221;.<\/p>\n<p>&#8220;It is inimical to the fostering of excellence and has adverse impact on EWS and BPL families.&#8221;<\/p>\n<p>It claimed that even after seven decades of independence, half of the population &#8220;is still in distress, leading a hand-to-mouth existence, large segments not knowing where the next meal is coming from, with abominable health standards and primary education levels&#8221;.<\/p>\n<p>&#8220;Much of this malaise is traceable to widespread corruption, benami transaction and existence of black money,&#8221; the PIL alleged.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A PIL was moved in the Delhi High Court on Thursday, seeking directions to the Centre and AAP government to cap cash transactions at Rs 10,000, saying such a step would help curb illegal activities like terrorism, corruption and use of black money. The petition, by BJP leader and lawyer Ashwini Kumar Upadhyay, claimed that [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":56318,"comment_status":"open","ping_status":"closed","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":[20124],"tags":[20562,45133,45136,45134,45135],"class_list":["post-56897","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-court-judiciary-legal-system","tag-20562","tag-cash-transactions","tag-lawyer-ashwini-kumar-upadhyay","tag-pil-in-high-court","tag-transactions-at-rs-10"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PIL in High Court to cap cash transactions at Rs 10,000 - Legal News India - Supreme Court &amp; High Court Updates<\/title>\n<meta name=\"description\" content=\"A PIL was moved in the Delhi High Court on Thursday, seeking directions to the Centre and AAP government to cap cash transactions at Rs 10,000, saying - Get the latest legal news from the Supreme Court, High Courts, and government. 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