Saturday, 22 April 2017

Parliamentary panel summons RBI Governor again

Reserve Bank of India (RBI) Governor Urjit Patel has been summoned by Parliamentary Standing Committee on Finance to appear before it on May 25 on the demonetization issue. According to one of the panel members, he will be asked how money has so far come back into the system after demonetization. The Governor would also be asked when the banks' operations would become normal and also how digital economy is being implemented in the country. The committee is headed by former Union Minister and Congress leader M. Veerappa Moily, who had in January called Finance Ministry officials besides top RBI officials to discuss demonetisation.

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