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Some meaningful study ought to have taken place before demonetisation: Shyam Divan argues before Supreme Court

Further, responding to the submission that the statutory procedure had been reversed since the government sent the RBI a proposal for demonetisation, the AG urged the Court to view this from a flexible point of view.

No, the connection between the working of the government and RBI must be seen from a very flexible point of view. It is not a case that the RBI in its functions is impeded by an outside agency like the Government of India.”

Source: Barandbench

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