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LATEST NEWS UPDATES | Opposition raises RBI hole in House

Opposition raises RBI hole in House

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published Published on Nov 29, 2016   modified Modified on Nov 29, 2016
-The Telegraph

New Delhi: The Opposition today sought to nail the government on a technicality: not one of the 30-and-counting notifications issued by the finance ministry and the RBI on demonetisation has been tabled in Parliament.

The issue was flagged by the Congress's Anand Sharma in the Rajya Sabha. He said tabling the RBI's notifications was mandatory according to a decision of the committee on subordinate legislation. In case of notifications issued by any ministry, tabling them is mandatory under the Rules of Procedure of both Houses.

The series of notifications - many of them modifications of the original notification of November 8 - has drawn a lot of criticism as they have added to the chaos over the currency recall.

In his intervention in the Rajya Sabha last week, former Prime Minister Manmohan Singh had said that frequent modifications were not good for the banking system.

"It reflects badly on the Prime Minister's Office, the finance minister's office and the RBI," he said, of all the three offices he has held in the past.

The discussion on the subject could not be taken up for yet another day as the Opposition stuck to its demand that the Prime Minister hear them out and take responsibility for demonetisation.

The Telegraph, 28 November, 2016, http://www.telegraphindia.com/1161129/jsp/nation/story_121925.jsp#.WDz5iLmdeyA


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