Talks with government on demonetisation began early last year: RBI governor Urjit Patel
NEW DELHI: Reserve Bank of India Governor Urjit Patel is learnt to have told the parliamentary panel on demonetisation that discussions between the central bank and the government on the process began early last year.
Congress members of the committee asked questions like whose decision was it towithdraw high currency notes+ and also about autonomy of the RBI, sources said.
The BJP members of the panel, headed by Congress leader Veerappa Moily, however, chose not to raise much questions during the meeting, they added.
The questions put up by the panel ranged from the total amount of money that came back during the demonetisation period to the total amount of new bills of Rs 500 and Rs 2,000 that were printed and sent to the banks.
It is also learnt that Manmohan Singh, one of the members who had describeddemonetisation as monumental management failure+ , too raised questions on the issue.
Congress members of the committee asked questions like whose decision was it towithdraw high currency notes+ and also about autonomy of the RBI, sources said.
The BJP members of the panel, headed by Congress leader Veerappa Moily, however, chose not to raise much questions during the meeting, they added.
The questions put up by the panel ranged from the total amount of money that came back during the demonetisation period to the total amount of new bills of Rs 500 and Rs 2,000 that were printed and sent to the banks.
It is also learnt that Manmohan Singh, one of the members who had describeddemonetisation as monumental management failure+ , too raised questions on the issue.
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