One of the most important components of ” The Constitution ( Twenty-Sixth amendment) Act,2024 ” is the complete eradication of Riba ( Interest ) from the country by ___________?
AJanuary 1, 2027
BJanuary 1, 2025
CJanuary 1, 2028
DJanuary 1, 2026
Correct answer
C. January 1, 2028
Explanation
Elimination of riba Paragraph (f) of Article 38 (promotion of social and economic well-being of the people), which currently only mentions “eliminate riba as early as possible”, shall be replaced with “eliminate riba completely before” Jan 1, 2028.