The Parliamentary panel on finance will present its report on demonetisation in the upcoming Monsoon Session and RBI Governor will not be called again on the note ban issue, the committee’s chairman M Veerappa Moily said.
During the more than 3-hour long meeting of the Standing Committee on Finance here on Wednesday, RBI Governor Urjit Patel took a lot of questions but many members said the central bank chief did not provide any ‘specific number’ on the amount of money that came back to the system post demonetisation. “We had a lengthy discussion (on demonetisation and various other issues) on Wednesay. The panel will not be calling RBI Governor again on the issue of demonetisation,” Moily told PTI. The panel would submit its report on demonetisation during the Monsoon Session of Parliament starting on July 17, Moily said. The session is to conclude on August 11. Patel appeared before the panel for the second time today after cancellation of old Rs 500 and 1,000 currency notes on November 8 -a Govt decision which had attracted a lot of criticism from the Oppn.