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RBI: Still unaccountable and above law?

For decades, the RBI has got away, no matter how egregious its bungling is

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In the February policy, the RBI revised its forecast for India’s economic growth in 2020 to 7.4 per cent from 7.6 per cent earlier. Will it cut it further?

Debashis Basu New Delhi

6 min read Last Updated : Apr 01 2019 | 12:27 AM IST

Does the Reserve Bank of India (RBI) understand the Right to Information Act (RTI) far better than the central information commissioners, judges of high courts, and even those of the Supreme Court (SC)? Since 2006, four RBI governors, dozens of deputy governors and time-serving minions below them seem to think so, to the utter astonishment and despair among citizens and jurists. Will the ire of the Supreme Court end this supreme conceit?

Last Tuesday, the SC threatened the RBI with contempt proceedings for not disclosing annual inspection reports under the RTI Act. Sadly, this unseemly tamasha has been going on

Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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