Supreme Court to hear pleas on demonetisation today

New Delhi: The Supreme Court will hear several pleas related to transfer petition on note ban filed by Centre of high-value currency notes on Thursday.

The apex court had asked the Centre on December 9 if the decision of demonetisation was in absolute secrecy hearing a bunch of petitions questioning the Narendra Modi government`s rationale behind the implementation of the policy.Chief Justice of India T.S. Thakur had asked the government to see if something can be done."People are suffering, it is a serious problem." he had said then.

The Centre had submitted an affidavit last week on the demonetisation move in the Supreme Court, saying it is an attempt to unearth black money stashed over the last seven decades.

Attorney General Mukul Rohatgi said that the Centre had filed a reply in the Supreme Court in compliance with the top court`s earlier order on the issue.

The Centre in its affidavit told the apex court that demonetisation is a step to reduce ratio of cash transactions, adding the objective is to unearth illegal parallel economy.Attorney General Rohatgi had earlier filed a transfer petition before the Supreme Court seeking a stay on all pending pleas against demonetisation.

With ANI Inputs