Central Information Commission pulls up RBI for non-disclosure of demonetisation records
6 years, 1 month ago

Central Information Commission pulls up RBI for non-disclosure of demonetisation records

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New Delhi: The Central Information Commission has pulled up the Reserve Bank of India for “perfunctory handling” of an RTI application seeking records of its board meetings where the issue of demonetisation was deliberated, and issued a show-cause notice to its Central Public Information Officer. Activist Venkatesh Nayak had sought records of all meetings of the RBI Central Board of Directors along with the papers, presentations or other documents placed before it, which led to the decision of demonetisation announced by Prime Minister Narendra Modi on 8 November, 2016. Prime Minister Narendra Modi had announced on 8 November, 2016 that Rs 1,000 and Rs 500 notes, which constituted about 86 percent of total currency in circulation then, would cease to be legal tender. During the hearing, nearly 15 months after the RTI application was filed, the RBI’s representative accepted that the information “prima facie was wrongly denied”.

History of this topic

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