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RBI refuses to give reasons behind demonetisation - ABN

Mon, Jan 02, 2017, 02:47 PM
The Reserve Bank of India has declined to cite the reasons for scrapping Rs 500 and Rs 1,000 currency notes, when demonetisation was announced on November 8,2016. The Reserve Bank of India, reacting to a RTA query raised by an applicant, stated that it cannot be answered under the Right to Information Act as it does not comes under the definition of information under the transparency law. The said query was also sent to the Prime Minister’s Office(PMO) and the Finance Ministry but the applicant could not get the answer even after 30 days of filing of the RTI application.
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