इंडियन आवाज़     22 May 2024 11:41:00      انڈین آواز

RBI Guv Urjit Patel appears ‘defensive’ before Parliamentary panel

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RBI Governor Urjit Patel today appeared before the Parliamentary Standing Committee on Finance and briefed the panel about government’s recent decision to demonetise high value currency.

Urjit patelPatel reportedly sounded “defensive” on the demonetization move but insisted that the plans and discussions on the drive against black money started in January 2016 itself.

Mr. Patel is believed to have informed the committee, headed by Congress leader Veerappa Moily that 9.2 lakh crore rupees in new currency has been introduced in the system after the decision.

Sources said RBI Governor did not tell how much money has come back to the banks and when the system will be normalized. Mr. Patel has also been summoned by the Public Accounts Committee headed by Congress MP K V Thomas on Friday on the same issue.

Besides Mr Patel, top Finance ministry officials also appeared before the 31-member panel comprising members from both the Houses of Parliament.

While Mr Patel fielded questions from members on the issue of “Demonetisation of Indian Currency notes of Rs 500 and Rs 1000 and the impact thereof”, sources said Finance ministry top brass including Economic Affairs Secretary Shaktikanta Das and Revenue Secretary Hasmukh Adhia were given list of questionaire to be answered later.

“As per my assessment, RBI Governor sounded defensive,” an opposition MP from Lok Sabha and member of the panel said later.

In his response, RBI Governor informed the panel headed by Congress MP M Veerappa Moily that discussions on note ban and intensifying drive against black money had started in January 2016 itself.

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