Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
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        LATEST NEWS UPDATES | Explain demonetisation, your role, flip-flops, secrecy: Parliament panel to RBI Governor Urjit Patel -Anand Mishra    </title>
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-The Indian Express

Urjit Patel to appear before PAC on January 28, list of 10 questions sent

New Delhi: THE PUBLIC Accounts Committee (PAC) headed by senior Congress leader K V Thomas, which has asked Reserve Bank of India (RBI) Governor Urjit..."/>
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-The Indian Express

Urjit Patel to appear before PAC on January 28, list of 10 questions sent

New Delhi: THE PUBLIC Accounts Committee (PAC) headed by senior Congress leader K V Thomas, which has asked Reserve Bank of India (RBI) Governor Urjit..." />
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    <h1 class="cat-box-title">Explain demonetisation, your role, flip-flops, secrecy: Parliament panel to RBI Governor Urjit Patel -Anand Mishra</h1>
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                            <div align="justify">-The Indian Express<br /><br /><em>Urjit Patel to appear before PAC on January 28, list of 10 questions sent<br /><br />New Delhi: </em>THE PUBLIC Accounts Committee (PAC) headed by senior Congress leader K V Thomas, which has asked Reserve Bank of India (RBI) Governor Urjit Patel to appear before it on January 28, has asked him 10 probing questions on the demonetisation issue &mdash; from the decision-making process to the level of RBI&rsquo;s involvement, impact on the economy, and &ldquo;flip-flops&rdquo; in RBI regulations over the last two months.<br /><br />In the questionnaire sent on December 30, accessed by The Sunday Express, the parliamentary panel has asked the RBI Governor why he should not be prosecuted and removed for &ldquo;abuse of power of office&rdquo; if there are no laws that impose restrictions on withdrawal of cash. The PAC has also sought to know how much of the currency was demonetised, and how much has returned into the banking system.<br /><br />The list of questions:<br /><br />Q.Union Minister Piyush Goyal has said on the floor of the House that the decision to demonetise was taken by the RBI and its Board. The government merely acted upon this advice. Do you concur?<br /><br />Q. If the decision was indeed RBI&rsquo;s, then when exactly did the RBI decide that it was in India&rsquo;s best interests to demonetise currency?<br /><br />Q. What was the exact rationale laid out by the RBI for this decision to invalidate Rs 500 and Rs 1,000 notes overnight?<br /><br />Q. RBI&rsquo;s own estimates show fake/ counterfeit currency to be a mere Rs 500 crore. India&rsquo;s cash to GDP was 12%, lower than Japan (18%) and Switzerland (13%). High denomination notes as a share of currency was 86% in India, but 90% in China and 81% in US. So, what was so alarming that the RBI decided India needed to demonetise suddenly?<br /><br />Q. When was the notice sent to the RBI Board members calling for an emergency meeting on November 8? Which of them attended this meeting? How long the meeting did last? And where are the minutes of this meeting?<br /><br />Q. In the subsequent note sent to the Cabinet recommending demonetisation, did the RBI explicitly mention that this decision would mean invalidating 86 per cent of the country&rsquo;s currency and its attendant cost? How long did the RBI say it would take to remonetise?<br /><br />Q. The RBI notification of November 8, 2016 under Section 3 c(v) issued a restriction on withdrawal from a bank account over the counter to Rs 10,000 per day and Rs 20,000 per week. There was a similar limit of Rs 2,000 per day in an ATM. Under what law and powers of the RBI, were these limitations imposed on people to withdraw their own cash? What gave the powers to the RBI to ration currency notes in the country? If there are no laws that you can cite, why should you not be prosecuted and removed for abuse of power of office?<br /><br />Q. Why have there been so many flip-flops in RBI regulations over the past two months? Please give us the name of the RBI officer who came up with the idea to ink people for withdrawal? Who drafted the notification on marriage related withdrawal? If it was not the RBI that drafted these but the government, is the RBI now a department of Ministry of Finance?<br /><br />Q. How much exactly was demonetised and how much has been deposited back in old currency? What was the expectation of notes to be extinguished when the RBI advised the government to demonetise on November 8?<br /><br />Q. Why has the RBI refused to reveal information under the RTI, citing inane reasons such as fear of personal injury? Why is the RBI not providing information under RTI to queries that come?<br /><br />Please <a href="http://indianexpress.com/article/india/explain-demonetisation-your-role-flip-flops-secrecy-parliament-panel-to-rbi-governor-4464383/" title="http://indianexpress.com/article/india/explain-demonetisation-your-role-flip-flops-secrecy-parliament-panel-to-rbi-governor-4464383/">click here</a> to read more. </div><div align="justify">&nbsp;</div>                                                           
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    <h1 class="cat-box-title">Explain demonetisation, your role, flip-flops, secrecy: Parliament panel to RBI Governor Urjit Patel -Anand Mishra</h1>
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                            <div align="justify">-The Indian Express<br /><br /><em>Urjit Patel to appear before PAC on January 28, list of 10 questions sent<br /><br />New Delhi: </em>THE PUBLIC Accounts Committee (PAC) headed by senior Congress leader K V Thomas, which has asked Reserve Bank of India (RBI) Governor Urjit Patel to appear before it on January 28, has asked him 10 probing questions on the demonetisation issue &mdash; from the decision-making process to the level of RBI&rsquo;s involvement, impact on the economy, and &ldquo;flip-flops&rdquo; in RBI regulations over the last two months.<br /><br />In the questionnaire sent on December 30, accessed by The Sunday Express, the parliamentary panel has asked the RBI Governor why he should not be prosecuted and removed for &ldquo;abuse of power of office&rdquo; if there are no laws that impose restrictions on withdrawal of cash. The PAC has also sought to know how much of the currency was demonetised, and how much has returned into the banking system.<br /><br />The list of questions:<br /><br />Q.Union Minister Piyush Goyal has said on the floor of the House that the decision to demonetise was taken by the RBI and its Board. The government merely acted upon this advice. Do you concur?<br /><br />Q. If the decision was indeed RBI&rsquo;s, then when exactly did the RBI decide that it was in India&rsquo;s best interests to demonetise currency?<br /><br />Q. What was the exact rationale laid out by the RBI for this decision to invalidate Rs 500 and Rs 1,000 notes overnight?<br /><br />Q. RBI&rsquo;s own estimates show fake/ counterfeit currency to be a mere Rs 500 crore. India&rsquo;s cash to GDP was 12%, lower than Japan (18%) and Switzerland (13%). High denomination notes as a share of currency was 86% in India, but 90% in China and 81% in US. So, what was so alarming that the RBI decided India needed to demonetise suddenly?<br /><br />Q. When was the notice sent to the RBI Board members calling for an emergency meeting on November 8? Which of them attended this meeting? How long the meeting did last? And where are the minutes of this meeting?<br /><br />Q. In the subsequent note sent to the Cabinet recommending demonetisation, did the RBI explicitly mention that this decision would mean invalidating 86 per cent of the country&rsquo;s currency and its attendant cost? How long did the RBI say it would take to remonetise?<br /><br />Q. The RBI notification of November 8, 2016 under Section 3 c(v) issued a restriction on withdrawal from a bank account over the counter to Rs 10,000 per day and Rs 20,000 per week. There was a similar limit of Rs 2,000 per day in an ATM. Under what law and powers of the RBI, were these limitations imposed on people to withdraw their own cash? What gave the powers to the RBI to ration currency notes in the country? If there are no laws that you can cite, why should you not be prosecuted and removed for abuse of power of office?<br /><br />Q. Why have there been so many flip-flops in RBI regulations over the past two months? Please give us the name of the RBI officer who came up with the idea to ink people for withdrawal? Who drafted the notification on marriage related withdrawal? If it was not the RBI that drafted these but the government, is the RBI now a department of Ministry of Finance?<br /><br />Q. How much exactly was demonetised and how much has been deposited back in old currency? What was the expectation of notes to be extinguished when the RBI advised the government to demonetise on November 8?<br /><br />Q. Why has the RBI refused to reveal information under the RTI, citing inane reasons such as fear of personal injury? Why is the RBI not providing information under RTI to queries that come?<br /><br />Please <a href="http://indianexpress.com/article/india/explain-demonetisation-your-role-flip-flops-secrecy-parliament-panel-to-rbi-governor-4464383/" title="http://indianexpress.com/article/india/explain-demonetisation-your-role-flip-flops-secrecy-parliament-panel-to-rbi-governor-4464383/">click here</a> to read more. </div><div align="justify">&nbsp;</div>                                                           
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                            <div align="justify">-The Indian Express<br /><br /><em>Urjit Patel to appear before PAC on January 28, list of 10 questions sent<br /><br />New Delhi: </em>THE PUBLIC Accounts Committee (PAC) headed by senior Congress leader K V Thomas, which has asked Reserve Bank of India (RBI) Governor Urjit Patel to appear before it on January 28, has asked him 10 probing questions on the demonetisation issue &mdash; from the decision-making process to the level of RBI&rsquo;s involvement, impact on the economy, and &ldquo;flip-flops&rdquo; in RBI regulations over the last two months.<br /><br />In the questionnaire sent on December 30, accessed by The Sunday Express, the parliamentary panel has asked the RBI Governor why he should not be prosecuted and removed for &ldquo;abuse of power of office&rdquo; if there are no laws that impose restrictions on withdrawal of cash. The PAC has also sought to know how much of the currency was demonetised, and how much has returned into the banking system.<br /><br />The list of questions:<br /><br />Q.Union Minister Piyush Goyal has said on the floor of the House that the decision to demonetise was taken by the RBI and its Board. The government merely acted upon this advice. Do you concur?<br /><br />Q. If the decision was indeed RBI&rsquo;s, then when exactly did the RBI decide that it was in India&rsquo;s best interests to demonetise currency?<br /><br />Q. What was the exact rationale laid out by the RBI for this decision to invalidate Rs 500 and Rs 1,000 notes overnight?<br /><br />Q. RBI&rsquo;s own estimates show fake/ counterfeit currency to be a mere Rs 500 crore. India&rsquo;s cash to GDP was 12%, lower than Japan (18%) and Switzerland (13%). High denomination notes as a share of currency was 86% in India, but 90% in China and 81% in US. So, what was so alarming that the RBI decided India needed to demonetise suddenly?<br /><br />Q. When was the notice sent to the RBI Board members calling for an emergency meeting on November 8? Which of them attended this meeting? How long the meeting did last? And where are the minutes of this meeting?<br /><br />Q. In the subsequent note sent to the Cabinet recommending demonetisation, did the RBI explicitly mention that this decision would mean invalidating 86 per cent of the country&rsquo;s currency and its attendant cost? How long did the RBI say it would take to remonetise?<br /><br />Q. The RBI notification of November 8, 2016 under Section 3 c(v) issued a restriction on withdrawal from a bank account over the counter to Rs 10,000 per day and Rs 20,000 per week. There was a similar limit of Rs 2,000 per day in an ATM. Under what law and powers of the RBI, were these limitations imposed on people to withdraw their own cash? What gave the powers to the RBI to ration currency notes in the country? If there are no laws that you can cite, why should you not be prosecuted and removed for abuse of power of office?<br /><br />Q. Why have there been so many flip-flops in RBI regulations over the past two months? Please give us the name of the RBI officer who came up with the idea to ink people for withdrawal? Who drafted the notification on marriage related withdrawal? If it was not the RBI that drafted these but the government, is the RBI now a department of Ministry of Finance?<br /><br />Q. How much exactly was demonetised and how much has been deposited back in old currency? What was the expectation of notes to be extinguished when the RBI advised the government to demonetise on November 8?<br /><br />Q. Why has the RBI refused to reveal information under the RTI, citing inane reasons such as fear of personal injury? Why is the RBI not providing information under RTI to queries that come?<br /><br />Please <a href="http://indianexpress.com/article/india/explain-demonetisation-your-role-flip-flops-secrecy-parliament-panel-to-rbi-governor-4464383/" title="http://indianexpress.com/article/india/explain-demonetisation-your-role-flip-flops-secrecy-parliament-panel-to-rbi-governor-4464383/">click here</a> to read more. </div><div align="justify">&nbsp;</div>                                                           
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Explain demonetisation, your role, flip-flops, secrecy: Parliament panel to RBI Governor Urjit Patel -Anand Mishra

Published on Jan 8, 2017   Modified on Jan 8, 2017

-The Indian Express Urjit Patel to appear before PAC on January 28, list of 10 questions sent New Delhi: THE PUBLIC Accounts Committee (PAC) headed by senior Congress leader K V Thomas, which has asked Reserve Bank of India (RBI) Governor Urjit Patel to appear before it on January 28, has asked him 10 probing questions on the demonetisation issue — from the decision-making process to the level of RBI’s involvement, impact on the economy, and “flip-flops” in RBI regulations over the last two months. In the questionnaire sent on December 30, accessed by The Sunday Express, the parliamentary panel has asked the RBI Governor why he should not be prosecuted and removed for “abuse of power of office” if there are no laws that impose restrictions on withdrawal of cash. The PAC has also sought to know how much of the currency was demonetised, and how much has returned into the banking system. The list of questions: Q.Union Minister Piyush Goyal has said on the floor of the House that the decision to demonetise was taken by the RBI and its Board. The government merely acted upon this advice. Do you concur? Q. If the decision was indeed RBI’s, then when exactly did the RBI decide that it was in India’s best interests to demonetise currency? Q. What was the exact rationale laid out by the RBI for this decision to invalidate Rs 500 and Rs 1,000 notes overnight? Q. RBI’s own estimates show fake/ counterfeit currency to be a mere Rs 500 crore. India’s cash to GDP was 12%, lower than Japan (18%) and Switzerland (13%). High denomination notes as a share of currency was 86% in India, but 90% in China and 81% in US. So, what was so alarming that the RBI decided India needed to demonetise suddenly? Q. When was the notice sent to the RBI Board members calling for an emergency meeting on November 8? Which of them attended this meeting? How long the meeting did last? And where are the minutes of this meeting? Q. In the subsequent note sent to the Cabinet recommending demonetisation, did the RBI explicitly mention that this decision would mean invalidating 86 per cent of the country’s currency and its attendant cost? How long did the RBI say it would take to remonetise? Q. The RBI notification of November 8, 2016 under Section 3 c(v) issued a restriction on withdrawal from a bank account over the counter to Rs 10,000 per day and Rs 20,000 per week. There was a similar limit of Rs 2,000 per day in an ATM. Under what law and powers of the RBI, were these limitations imposed on people to withdraw their own cash? What gave the powers to the RBI to ration currency notes in the country? If there are no laws that you can cite, why should you not be prosecuted and removed for abuse of power of office? Q. Why have there been so many flip-flops in RBI regulations over the past two months? Please give us the name of the RBI officer who came up with the idea to ink people for withdrawal? Who drafted the notification on marriage related withdrawal? If it was not the RBI that drafted these but the government, is the RBI now a department of Ministry of Finance? Q. How much exactly was demonetised and how much has been deposited back in old currency? What was the expectation of notes to be extinguished when the RBI advised the government to demonetise on November 8? Q. Why has the RBI refused to reveal information under the RTI, citing inane reasons such as fear of personal injury? Why is the RBI not providing information under RTI to queries that come? Please click here to read more.

The Indian Express, 8 January, 2017, http://indianexpress.com/article/india/explain-demonetisation-your-role-flip-flops-secrecy-parliament-panel-to-rbi-governor-4464383/

Tagged with: Reserve Bank of India public accounts committee Currency demonetisation Demonetisation Public Accounts Committee (PAC)

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