By Martin Shwenk Leade
Copyright indiatimes
The Delhi High Court on Wednesday asked the Reserve Bank of India and the Centre to address the difficulties and impediments faced by vulnerable class of citizens like specially-abled and visually impaired.It also asked the banking regulator to take into account the workable suggestions of the court-appointed committee before issuing or printing new currency notes. After all, the provisions of the Rights of Persons with Disabilities Act, 2016 have been promulgated by the Centre to alleviate and assuage the concerns of one of the most vulnerable citizens of this country, the court added.With regard to the Rs 50 currency note to be aligned with the need of identification by specially-abled or visually impaired persons was concerned, the court said that the RBI has given extensive details as to the benchmarks already available in the present currency notes including a Rs 50 note for the purposes of identification by specially abled and visually impaired persons.“Given the fact that printing of new currency notes after alignment with the suggestions of the committee may entail huge costs running into thousands of crores and the recall and destruction of old/prevalent currency would itself entail huge costs and time, we can only observe that the RBI and the Government of India shall keep in mind and take into consideration the suggestions of the high powered committee as and when the government of India and RBI decide to print fresh currency,” said the court.After perusing the report of its high-powered committee and the various action taken reports of the RBI, the court said that issues and concerns of the specially-abled or visually impaired persons relating to digital accessibility have been addressed to a large extent and appear to have been implemented by some banks.Live EventsHowever, it directed the RBI to ensure that the suggestions of the committee as well as its own suggestions and directions issued to various banks be “scrupulously implemented” and monitored or supervised by it. The RBI must obtain six monthly reports from various banks as to the progress made by each of them till it is finally implemented or the goal reached, it added.The judges observed that the issue of introducing Digital Currency or issuance of specially designed notes for the benefit of persons with disabilities or the visually impaired falls squarely within the realm of policy-making. “Such matters involve technical and financial considerations, which is the domain of the Government of India and RBI. Thus, any direction in the nature of a mandamus, having regard to the above observations in respect of printing of fresh currency notes in the manner sought by the petitioners, may not be possible to issue,” the judgment stated.Add as a Reliable and Trusted News Source Add Now!
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Read More News onDelhi High CourtReserve Bank of IndiaRights of Persons with Disabilities Actvulnerable citizensGovernment of IndiaRBIdigital currencyRightscurrency notesBank
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(You can now subscribe to our Economic Times WhatsApp channel)Read More News onDelhi High CourtReserve Bank of IndiaRights of Persons with Disabilities Actvulnerable citizensGovernment of IndiaRBIdigital currencyRightscurrency notesBank(Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online….moreless
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