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Mehul Choksi Tops RBI List Of Defaulters Who Owe Nearly Rs 70,000 Crore -Divyanshu Dutta Roy

-NDTV/ PTI In response to a RTI query, the RBI released the names of top 50 with the highest amount of loans written off New Delhi: Business tycoons Mehul Choksi, the Jhunjhunwala brothers, and Vijay Mallya are among the prominent individuals linked to companies named by the Reserve Bank of India (RBI) in a list of the top 50 wilful defaulters accused of scamming the country's banks. In a Right to Information or...

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Supreme Court gives RBI 'last chance' to alter disclosure policy

-The Hindu ‘Existing guidelines contrary to 2015 ruling on sharing information under RTI Act’ The Supreme Court on Friday gave the Reserve Bank of India (RBI) “a last opportunity” to withdraw a November 2016 Disclosure Policy to the extent to which it stonewalls revelation of every other kind of information under the Right to Information Act, including the List of Wilful Defaulters and annual inspection reports. A Bench of Justices L. Nageswara Rao...

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PMO's refusal to disclose Raghuram Rajan's letter on bad loans is not legal, says CIC

-Scroll.in The PMO has a ‘moral, constitutional and political duty’ to reveal to citizens who are the defaulters and what action has been taken against them, it said. The Central Information Commission has directed the Reserve Bank of India and the Prime Minister’s Office to disclose the List of Wilful Defaulters as well as a letter on bad loans written by the former RBI Governor Raghuram Rajan to the Centre, PTI reported...

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Outgoing Central Information Commissioner Sridhar Acharyulu interviewed by Priscilla Jebaraj (The Hindu)

-The Hindu Outgoing Central Information Commissioner Sridhar Acharyulu flags the impact of growing vacancies in the Commission Central Information Commissioner Sridhar Acharyulu, who took on the Prime Minister’s Office and the Reserve Bank of India in a case dealing with the non-disclosure of wilful defaulters of major bank loans, warned on his last day hearing RTI appeals that by December, he and three other CICs would retire, leaving the Central Information Commission...

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

-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...

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