Constitutionality of the Process of Demonetisation: A Study
Journal Title: Indian Journal of Law and Human Behavior - Year 2017, Vol 3, Issue 1
Abstract
The French were the first to use the word Demonetize in the years between 1852. By demonetization former money is no longer legal tender,although in certain cases it may still be used as money of exchange i.e.,the actual metallic value may sometimes be accepted in discharge of indebtedness. The preamble of the Constitution guarantees economic justice to its people in the words to secure to all its citizens: Justice, social, economic and political. The concentration of wealth is the antithesis to the idea of economic justice. The issue of demonetisation may be examined in the context of the concentration of wealth as enshrined into the Part- IV of the Constitution of India.The Constitution of India states that the State shall, in particular, direct its policy towards securing the operation of the economic system does not result in the concentration of wealth and means of production to the common detriment. Further, Art 39(b) states that the State shall, in particular, direct its policy towards securing the ownership and control of the material resources of the community are so distributed as best to subserve the common good. This Paper aims at examining the constitutionality of the process of demonetisation in India.
Authors and Affiliations
Diganta Biswas
Keywords
Related Articles
- EP ID EP453170
- DOI 10.21088/ijlhb.2454.7107.3117.6
- Views 114
- Downloads 0
Reconstruction of Legal Protection toward the Mortgage’s Creditor Holder within object of Building Rights Title which the Term was Expired before the Credit Agreement’s Due Based on Legal Justice Value
The purpose of this study is to assess and analyze the legal protection practices towards creditors holders of mortgage with the object of Building Utilization which has expired the period before the credit agreement is...
Zakat Management System for Poverty Reduction in Islamic Law Perspective
The purpose of this research is to explain and analyze about zakat management practices in Indonesia, the weaknesses in zakat management, as well as efforts to reconstruct zakat management system for poverty alleviation...
Open Defecation and Violence against Women: Socio-Legal Perspectives
In spite of all kind of development the practice of open defecation is widespread in India. The problem of open defecation, poor sanitation and public health are important governance issues in developing country like Ind...
Maternal and Fetal Outcome in Mullerian Anomaly: A Study at Tertiary Care Center in Northern Part of Maharashtra
Background: In mullerian anomalies uterine anomalies are most common.They areassociated with normal as well as adverse reproductive outcomes.This study aims to evaluate different types of uterine congenital anomalies and...
Challenges of Cartels: A Business Perspective
Competitors are expected to compete with each others; competition creates efficiency, encourages innovation, improves quality, reduces costs and prices, gives choice to consumers at lower prices and so on and so forth. I...