Archive for December 24th, 2016

Just 8 of the 10 members present at RBI Board meeting on 8 Nov 2016!

December 24, 2016

Against expectations, there was a RBI Board meeting on demonetisation evening. However, the number of members present were 8, even lesser than the 10 appointed members.The 10 appointed members at the first place are even lesser than the required 21 as per RBI Act. This blog was quite early to point to this governance issue and now others are waking up to it as well.

HT got this crucial info via RTI from RBI (another RTI revealed puzzle about currency data and Rs 2000 printing).

(more…)


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