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Imposed only reasonable restrictions, govt. tells SC
Affidavit in SC denies any lack of preparedness in implementing the demonetisation policy. Curb on money transactions, including withdrawals and wedding expenses, are only reasonable restrictions imposed on the rights of the public for a limited time, the government said in its latest affidavit. Cancellation of legal tender of Rs 500 and Rs 1,000 notes is only a reasonable restriction and regulatory in nature. The government said it was incorrect to say that the present banking architecture was inadequate to deal with 1.2 billion population.
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