Wed, Jan 18, 2017
The Congress on Wednesday held nation-wide protests against "poor implementation" of demonetisation and protested RBI offices in different state capitals demanding restoration of the apex bank`s autonomy and resignation of Reserve Bank of India (RBI) Governor Urjit Patel.
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Sat, Jan 14, 2017
It said in a release, "There has been a report in sections of the Press that some unions have alleged infringement of the autonomy of the Reserve Bank of India. It is categorically stated that the Government fully respects the independence and autonomy of the Reserve Bank of India."
More worryingly, this figure has been arrived at on the assumption that no new notes were issued after December 19 -- a near impossibility. This could well open up the intriguing possibility that more banned notes may have returned than were said to be in circulation.
The RBI`s employee union in a letter to the governor dated January 13 said it was "painful" the central bank was being criticised despite its staff successfully carrying out the "humongous task" of replacing the old bills.
The letter asked the Governor whether a recent media report, according to which the Finance Ministry had deputed a Joint Secretary-level officer to the RBI to oversee its currency chest operations, is true.
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