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India On Media |
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| Politics
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| Problem Is Serious, We Will Have Ri |
| Problem Is Serious, We Will Have Riots, Says Supreme Court
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| INDIA
, 18-November-2016
20:17:46 PM |
| For the second time in a week, the Centre has faced tough questions on the notes ban from the Supreme Court, which cautioned on Friday: "We will have riots on the streets."
Chief Justice of India TS Thakur said petitions challenging the ban on Rs. 500 and Rs. 1,000 notes indicate the magnitude of the problem.
"You have scrapped 500 and 1,000, but what happened to the 100 rupee note?" the Chief Justice asked the government, referring to the daily scramble for cash across the country and the punishing queues outside banks and ATMs.
ATMs, the government replied, need to be recalibrated because they have a "single drawer" for Rs. 100 notes. For thousands, this has meant that cash dried up long before they could reach the top of the line after several hours.
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