Fiscal and Monetary Policy — Landmark Events

Landmark Events

Vivek Narayan Sharma v. Union of India (Demonetization Case)

2023

While not a judgment on the *effectiveness* of monetary policy, this Supreme Court ruling upheld the legality of the 2016 demonetization exercise. The majority opinion affirmed…

Constitutional (One Hundred and First Amendment) Act, 2016

2016

Though an amendment and not a court judgment, its passage and subsequent legal challenges represent a landmark in India's fiscal history. It introduced the Goods and Services Tax…