Informal economy destroyed due to demonetisation, SC verdict cannot be seen as upholding the move: CPI(M)

The choice within the matter was taken by the central authorities, which sought the opinion of the RBI, the Politburo of the CPI(M) stated in a press release. Due to this fact, the approval of Parliament ought to have been taken earlier than implementing this choice.

The occasion stated the bulk judgment held that demonetisation had a correct nexus with the targets it sought to attain and it’s not related whether or not the target was achieved or not.