A Public Interest Litigation (PIL) has been moved in theDelhi High Court that seeks a ban on cash transactions above Rs 10,000. The PILhas been moved by BJP leader Advocate Ashwini Upadhyay and it may come up for hearingin the court on Friday.
The PIL prays for direction to the Delhi Government andCentral Government to take appropriate steps and that the appropriate order ispassed within 30 days.
The petition said, "It will not only help in curbingcorruption, black money generation and Benami transaction but also in weedingout an organised crime like separatism, terrorism, Naxalism, radicalism,gambling, smuggling, money laundering, kidnapping and extortion and other similarthreats to human security."According to the petitioner, cash transactionsin high denomination currency, allegedly used in illegal activities, inflatesthe prices of essential commodities, major assets like real estate, gold etc.It also distorts and disrupts the public distribution system and has an adverseimpact on Economically Backward Class (EWS) and Below Poverty Line (BPL)families.
The petition claims that a ban on cash transactions above Rs10,000 will lead to an increment of one per cent in annual growth, a cleanelectoral process which is dominated by black-money and Benami transaction.