CJI impeachment motion rejected: Arun Jaitley said there was “a growing tendency of lawyer Members (of Parliament) to drag intra court disputes into the parliamentary process”.
Jaitley said the Congress party is capable of dragging the judges into an unsavoury controversy and make them controversial “should their judicial opinion not appear favourable in the cases in which the Party has an interest”.
The government is hopeful that geopolitical tension would ease and US shale oil would help in moderation of oil prices.
CJI Dipak Misra impeachment: “It is a revenge petition after the falsehood of the Congress Party has been established in the Justice Loya death case,” Arun Jailtey wrote in a blog posted on Facebook.
The impeachment notice against Chief Justice of India Dipak Misra comes a day after the Supreme Court rejected a bunch of petitions seeking an independent probe into the death of Judge B H Loya, who was hearing the Sohrabuddin Sheikh encounter case.
Since April 1, 2017, nearly 48 per cent of the total currency notes supplied are lower denomination notes of Rs 200 and below, according to RBI data until December 31, 2017.
The government feels the RBI’s February 12 circular could pose “serious problem” for industry and banks, and it wants the default timeline at 30 days of payment for principle/interest not being made by the borrowers.
Cash crunch HIGHLIGHTS: The government today met with Public Sector Banks and assured that nearly 80 per cent of the ATMs will start functioning within 24 hours.
While Telangana Finance Minister Etela Rajender rushed to meet Union Finance Minister Arun Jaitley in New Delhi over the shortage, Madhya Pradesh and Andhra Pradesh have alerted the Centre about the currency shortage in ATMs.
Cash crunch: Department of Economic Affairs Secretary Subhash Chandra Garg told reporters that average monthly demand has more than doubled to Rs 40,000-45,000 crore from Rs 19,000-20,000 crore just a couple of months ago.
Congress leader Jaiveer Shergill also said the BJP should explain how Arun Jaitley agreed with the American Charge de’affairs’ point that Narendra Modi was a “polarising personality”.
Cash crunch: Cash shortage has been reported from Andhra Pradesh, Telangana, Karnataka, northern Bihar and certain other parts of the country, apparently on apprehensions about the safety of deposits due to recent spurt in banking frauds.
Cash crunch: While the Centre has argued that the grim situation is a result of “unusual spurt” in demand for cash, the Opposition is leaving no stone unturned to attack the Modi government over the current crisis.
Garg said the private banks in India are world class and the public sector banks are fully backed by the government. Therefore, the banking system is fully safe, he said.
Cash Crunch: Union Finance Minister Arun Jaitley has tweeted on the issue and has blamed the “temporary shortage” of cash on the “sudden and unusual increase” in withdrawals in some areas. Meanwhile, SP Shukla, Minister of State for Finance said the reason for the shortage of cash was because some states have low currency reserves in comparison to others.