The Central Information Commission has pulled up the Reserve Bank of India for “perfunctory handling” of an RTI application seeking records of its board meetings where the issue of demonetisation was deliberated, and issued a show-cause notice to its Central Public Information Officer.
Activist Venkatesh Nayak had sought records of all meetings of the RBI Central Board of Directors along with the papers, presentations or other documents placed before it, which led to the decision of demonetisation announced by Prime Minister Narendra Modi on November 8, 2016.
Not getting any information from the RBI, which cited an exemption clause to deny the records, Nayak approached the commission, the highest adjudicating body in matters pertaining to the Right to Information (RTI) Act.
Prime Minister Narendra Modi had announced on November 8, 2016 that Rs 1,000 and Rs 500 notes, which constituted about 86 per cent of total currency in circulation then, would cease to be legal tender.
They were replaced by new Rs 2,000 and Rs 500 notes. Several restrictions were also placed on the withdrawal of currency notes from banks during demonetisation.