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SC asks Centre, RBI to file reply against pleas challenging demonetisation policy_我的网站

中国梦之声

A | (ECNS) -- Brazil's Ministry of Finance said it plans to issue its first yuan-denominated sovereign panda bonds in China this year, with a target size of 5 billion yuan ($700 million). If successful, Brazil may establish a regular issuance mechanism, creating a sovereign pricing benchmark to help Brazilian companies enter China's bond market and expand access to RMB financing. The panda bond market has continued to grow rapidly. Wind data showed that as of Thursday, panda bond issuance in China had reached 202.475 billion yuan so far this year, up 73.57% year-on-year. The figure has already surpassed the full-year totals of 183.56 billion yuan in 2025 and 194.8 billion yuan in 2024, reaching a record high. Analysts say the growing participation of overseas sovereign issuers will expand RMB use in global financial markets, strengthen cross-border circulation and enhance its role as a reserve, pricing and settlement currency, advancing the internationalization of the yuan. 。 New Delhi, Oct 12 (UNI) The Supreme Court Wednesday asked the Centre and RBI to file detailed affidavits on the decision to demonetise Rs 500 and Rs 1000 currency notes and keep ready the files relating to Centre's November 7, 2016 letter to RBI regarding RBI Board's decision next day and immediate announcement of demonetisation.

A five-judge larger bench of the Supreme Court, headed by Justice S Abdul Nazeer and also comprising Justices BR Gavai, AS Bopanna, V Ramasubramanian and BV Nagarathna, asked the Central government and Reserve Bank of India (RBI) to apprise it about the ways the steps are taken and fixed the matter for further hearing on November nine.

The Supreme Court wanted to know from the Centre and RBI, about the main question as to whether the Central government had powers under Section 26 of the RBI Act to demonetise all notes of Rs 500 and Rs 1000 denomination or not and whether the process followed by it was fair or not.

"You file detailed affidavits responding to the petitions, we will hear the matter on November 9," the Supreme Court bench, led by Justice Nazeer said.

The Supreme Court was hearing the batch of pleas challenging the Centre's decision to demonetize currency notes of Rs 500 and 1,000 on November 8, 2016 and consider it whether the issue of demoentisation is academic or not.

The Supreme Court today fixed the matter for further hearing to November nine.

UNI SM SY SHK1922。