The Supreme court will hear the main petition challenging the RBI notification scrapping Rs500 and Rs1,000 bank notes on Friday. In an affidavit, the Centre held that there was a need to maintain utmost secrecy in implementing demonetisation. Calling it a move towards Digital India, Centre submitted that the step was undertaken for increasing digital payments in the economy through credit and debit cards, Internet banking, e-wallets and mobile apps. ALSO READ: Demonetisation: Mamata Banerjee meets President, highlights problemsThe demonetisation has also been challenged across various courts in the country. The Supreme court will hear the main petition challenging the RBI notification scrapping Rs500 and Rs1,000 bank notes on Friday.

Source: Mint November 24, 2016 16:55 UTC