-PTI New Delhi: Hundreds thronging the RBI office to exchange old Rs 500 and 1,000 notes returned empty handed as the central bank is allowing the facility only for NRIs or those who were abroad during the 50-day demonetisation period.' Prime Minister Narendra Modi in his address to the nation on 8 November, 2016 had said, "There may be some who for some reason, are not able to deposit their old 500...
More »SEARCH RESULT
Total Matching Records found : 648
What the RBI Should Do to Minimise the Impact of Demonetisation -Surajit Das
-TheWire.in People have lost their jobs, small businesses are closing down and the agricultural sector has been hit hard as a result of demonetisation. The RBI must increase the supply of cash to curb further fallout. Money is not cash. In fact, cash in circulation was just 14% of all money in 2015-16 according to the Reserve Bank of India (RBI). Measures of money also count close substitutes of cash including the...
More »Now RBI Cites 'Threat to Life' Exemption to Deny RTI Query on Demonetisation Decision
-PTI More stonewalling from the ‘Reserved’ Bank of India New Delhi: Were the views of the chief economic advisor and the finance minister taken before the sudden announcement of demonetisation of high-value currency notes by Prime Minister Narendra Modi on November 8? The Reserve Bank of India feels this query cannot be answered under the Right to Information Act as it does not come under the definition of information under the transparency...
More »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...
More »RBI puts up a firewall on Demonetisation -Abhishek Shukla
-PTI While the Government and banks want transparency from citizens, they refuse to be transparent themselves as the RBI again refuses to respond to RTI applications seeking reasons for Demonetisation Why were Rs. 1,000 and Rs. 500 notes demonetised by the government? Fifty days after the government announced that these notes would cease to be legal tender, Reserve Bank of India feels that the reasons behind the sudden announcement cannot be made public. The...
More »
