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LATEST NEWS UPDATES | CIC pulls up PMO and RBI, asks to disclose wilful defaulters list, Raghuram Rajan's letter on bad loans

CIC pulls up PMO and RBI, asks to disclose wilful defaulters list, Raghuram Rajan's letter on bad loans

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published Published on Nov 18, 2018   modified Modified on Nov 18, 2018
-The Indian Express

Saying that the stand taken by the PMO will not serve any public interest, Acharyulu said, "If the RBI does not respect the SC orders and denies the citizens right to information, it will result in the perpetuation of a financial regime of secrecy."

With the Reserve Bank of India’s board meeting set to be held Monday, the Central Information Commission (CIC) has once again directed the Prime Minister’s Office (PMO) and the RBI to release the list of wilful defaulters and former governor Raghuram Rajan’s letter on bad loans. The CIC, in a 66-page letter, admonished the PMO for not complying with its directive.

“If there is any objection based on an exception, the PMO should have pleaded such provision and justify their denial,” Information Commissioner Sridhar Acharyulu was quoted as saying by PTI. The information commissioner called the grounds for not complying with the commission’s decision as “not legal and unfortunate.

Acharyulu was hearing the plea of one Sandeep Singh who had sought details of bank loan defaulters. “It is against the RTI Act, the collective intention of Parliament, an affront to democracy, reflecting disrespect to the Supreme Court’s directions in RBI v Jayantilal N Mistry case. The RBI has a strong legal team with experienced legal experts and meritorious graduates from National Law Schools, yet has the audacity to openly defy RTI Act, CIC directions and judgment of the Supreme Court,” he said.

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The Indian Express, 18 November, 2018, https://indianexpress.com/article/business/banking-and-finance/rbi-npa-pmo-raghuram-rajan-cic-bank-loan-defaulters-urjit-patel-5452439/


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