It only takes a few moments to share an article, but the person on the other end who reads it might have his life changed forever.

Friday, January 13, 2017

Central Bank Cites Security Threat in India Cash Ban Decision Mystery

https://www.bloomberg.com/news/articles/2017-01-11/central-bank-cites-threat-to-life-as-india-cash-mystery-deepens
The cloak of secrecy that has shrouded the currency ban decision is likely to bolster the view that authorities, both on Mint Street and in New Delhi, were not prepared for such a decision and the way it was announced. It risks undermining perceptions of the central bank's independence and raises questions about Modi's decision-making style and his communication with the RBI.
...
The RBI also claimed exemptions on two questions seeking detail on its preparations for the demonetization and studies it used to forecast the impact of the move. Sharing these "sensitive matters" would endanger India's sovereignty, integrity and security, according to the RBI
The use of those specific exemptions are "perplexing," Capital Economics's Shah said. Shailesh Gandhi, a former bureaucrat with the Central Information Commission, told the FirstPost website on Dec. 31 that the RBI's attitude of stonewalling smacked of "sheer arrogance."
"What the RBI is doing by refusing to answer queries under RTI is denying citizens their fundamental rights," Gandhi said.

No comments:

Post a Comment