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Disclosing Reasons for Demonetisation Will Hurt India, Says RBI

-TheWire.in Refusal to disclose reasons for the demonetisation decision does not stand up to legal scrutiny, RTI experts say. New Delhi: It’s time to call it the Reserved Bank of India. Fifty days after the board of India’s central bank voted to discontinue all Rs 500 and Rs 1000 notes and the prime minister announced the demonetisation of 86% of India’s cash stock,  the Reserve Bank of India has said the reasons for...

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Right to Food activists demand for safeguards to reduce hardships of demonetisation

A press statement issued from the Right to Food Campaign on 27 December, 2016 says that the demonetisation of old currency notes of Rs. 500/- and Rs. 1000/- denomination wreaked havoc on the livelihood security of the poor people. The labouring and toiling masses, who are mostly engaged in the informal sector, have been adversely affected due to the scrapping of old currency notes of Rs. 500/- and Rs. 1000/-...

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Stories of notebandi -Satish Deshpande

-The Hindu Anger and frustration dominate discussions on demonetisation at a jan sunwai in Beawar, Rajasthan About five-six hundred people are crowded in and around a small shamiana-covered triangle, like the apex of the letter A. The two arms of the A are busy streets typical of small-town India, a press of pedestrians and two-wheelers punctuated with foraging cows, goats and impatient cars and tempos. Including the shopkeepers and hangers-on across the...

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Information Commission Claims It Doesn't Have Time to Answer RTI Requests -Gaurav Vivek Bhatnagar

-TheWire.in The government body meant to uphold the RTI has said they are too understaffed and overworked to collect and collate all the information sought by applicants. New Delhi: The pressure of dealing with numerous court cases is taking a toll on the functioning of the office of the Chief Public Information Officer (CPIO) of the Central Information Commission (CIC). Due to the lack of time and the effort needed, it is...

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RBI Rejects RTI Request for Minutes of Demonetisation Decision -Gaurav Vivek Bhatnagar

-TheWire.in The official line seems to be, ‘Show me your money but I won’t show you my records’. New Delhi: While the Reserve Bank of India has been forthcoming in placing on its website the minutes of meetings of all committees that provide it with advice, an RTI activist has accused it of deliberately withholding information on the recent demonetisation exercise. Seen against the backdrop of a top finance ministry official –...

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