New Delhi:A public interest litigation was filed in the Delhi high court on Monday against permission to exchange Rs 2000 banknotes without identity proof and without obtaining any requisition slip.
Lawyer Ashwini Kumar Upadhyay said in his plea that notifications by the Reserve Bank of India and State Bank of India in this regard are arbitrary, irrational and offend Articles 14 of the Constitution of India.
The petition pointed out that a large amount of the currency has reached either in individual's locker or has been hoarded by the separatists, terrorists, Maoists, drug smugglers, mining mafias & corrupt people.
High value currency is used for illegal activities
The petition stated that cash transaction in high value currency is the major source of corruption and is used for illegal activities like terrorism, naxalism, separatism, radicalism, gambling, smuggling, money laundering, kidnapping, extortion, bribing and dowry, etc and the RBI and SBI should ensure that Rs 2000 banknotes are deposited in respective bank accounts only.
Depositing Rs 2000 currency notes in bank accounts would ensure that people having black money and disproportionate assets could be identified easily, the plea said.
80 crore Indians rarely use Rs 2,000 banknotes
The petition highlighted that recently it was announced by the Centre that every family should have Aadhaar card and bank account. Therefore, why RBI is permitting to exchange Rs 2000 banknotes without identity proof. It is also essential to state that 80 crore BPL families receive free grains. It means 80 crore Indians rarely use Rs 2,000 banknotes. Therefore, petitioner also seeks direction to RBI and SBI to take steps to ensure that Rs 2000 banknotes are deposited in bank account only, the plea said
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