Skip to main content

Govt of India, RBI refuse to part with details of internal meetings on Modi's demonetization move before Nov 8

By A Representative
The Reservation Bank of India (RBI) has rejected a right to information (RTI) plea seeking access to RBI's board meeting minutes and recommendations to the government, as also related file notings, starting with the date on which the recommendation may have been made to demonetize the Rs 1,000 and Rs 500 currency notes.
The RTI plea was set aside under Section 8(1)(a) of the RTI Act, which authorities government officials to reject an RTI plea as it would allegedly “infringe” upon sovereignty and territorial integrity, strategic, scientific, economic, security and defence interests of the state, “affect” relations with foreign states, or might lead to “incitement” to an offence.
The authorities also rejected the RTI plea invoking Section 7(9), saying that the information cannot be provided in the form sought as it would allegedly “lead to disproportionate diversion of resources of the organization.”
The RTI application was made by well-known RTI activist Venkatesh Nayak of the Commonwealth Human Rights Initiative (CHRI) on November 17.
Earlier, on November 14, Nayak had filed an RTI plea with the Department of Economic Affairs (DEA), Government of India, seeking copies of the note that was approved by the Union Cabinet regarding the decision to demonetize the two currency denominations. The DEA has so far not cared to reply to the RTI application.
Calling the rejections as running against the objective of the RTI Act, of fostering greater transparency and accountability in government, Nayak in an email alert says, “It is not as if RBI refuses to disclose minutes of meetings of all committees that provide it with advice.”
Shashikanta Das
Citing an example, Nayak says, “The minutes of the meeting of the Committee on Monetary Policy held as recently as December 21, 2016 were proactively disclosed on its website”, insisting, “The refusal to disclose the minutes of the RBI board meeting where the decision was taken to recommend demonetisation of the high value currency notes, is perplexing.”
Recalling Prime Minister Narendra Modi's address at the 10th Annual RTI Convention organized by the Central Information Commission (CIC) in October 2015, Nayak says, he had said, people should “not only have the right to seek copies of official records under RTI, but also demand accountability for the decisions taken by public authorities.”
Nayak regrets, “It is sad that the Prime Minister's vision of transparency is not shared by the officers who work under him”, adding, “I was not even questioning the wisdom of the decision. Instead, I had sought only copies of official records containing details of the decision making process.”
“If there cannot be complete transparency on this issue, then it must be assumed that the transparency regime has simply not taken roots in India even after 11 years of implementation of the RTI Act”, complains Nayak.
He adds, “While confidentiality prior to the making of the demonetization decision is understandable, continued secrecy after the decision is implemented is difficult to understand when crores of Indians have faced difficulties due to the shortage of cash supply.”
RBI, and earlier DEA, decision not to reveal the decisions leading to the demonetization announcement of November 8, comes amidst Shashikanta Das, secretary, DEA, saying, there is “no need to go into the process of decision making regarding the November 8 demonetization drive” (click HERE to watch video).
Comments Nayak, “This is a worrisome departure from the commitment to transparency and accountability voiced by the Prime Minister time and again.

Comments

TRENDING

What Sister Nivedita understood about India that we have forgotten

By Harasankar Adhikari   In the idea of a “Vikshit Bharat,” many real problems—hunger, poverty, ill health, unemployment, and joblessness—are increasingly overshadowed by the religious contest between Hindu and Muslim fundamentalisms. This contest is often sponsored and patronised by political parties across the spectrum, whether openly Hindutva-oriented, Islamist, partisan, or self-proclaimed secular.

Safety, pay and job security drive Urban Company gig workers’ protest in Gurugram

By A Representative   Gig and platform service workers associated with Urban Company have stepped up their protest against what they describe as exploitative and unsafe working conditions, submitting a detailed Memorandum of Demands at the company’s Udyog Vihar office in Gurugram. The action is being seen as part of a wider and growing wave of dissatisfaction among gig workers across India, many of whom have resorted to demonstrations, app log-outs and strikes in recent months to press for fair pay, job security and basic labour protections.

India’s universities lag global standards, pushing students overseas: NITI Aayog study

By Rajiv Shah   A new Government of India study, Internationalisation of Higher Education in India: Prospects, Potential, and Policy Recommendations , prepared by NITI Aayog , regrets that India’s lag in this sector is the direct result of “several systemic challenges such as inadequate infrastructure to provide quality education and deliver world-class research, weak industry–academia collaboration, and outdated curricula.”

The rise of the civilizational state: Prof. Pratap Bhanu Mehta warns of new authoritarianism

By A Representative   Noted political theorist and public intellectual Professor Pratap Bhanu Mehta delivered a poignant reflection on the changing nature of the Indian state today, warning that the rise of a "civilizational state" poses a significant threat to the foundations of modern democracy and individual freedom. Delivering the Achyut Yagnik Memorial Lecture titled "The Idea of Civilization: Poison or Cure?" at the Ahmedabad Management Association, Mehta argued that India is currently witnessing a self-conscious political project that seeks to redefine the state not as a product of a modern constitution, but as an instrument of an ancient, authentic civilization.

Gig workers’ strike halts platforms, union submits demands to Labour Ministry

By A Representative   India’s gig economy witnessed an partial disruption on December 31, 2025, as a large number of delivery workers, app-based service providers, and freelancers across the country participated in a nationwide strike called by the Gig & Platform Service Workers Union (GIPSWU). The strike, which followed days of coordinated protests, shut down major platforms including Zomato , Swiggy , Blinkit , Zepto , Flipkart , and BigBasket in several areas.

Why experts say replacing MGNREGA could undo two decades of rural empowerment

By A Representative   A group of scientists, academics, civil society organisations and field practitioners from India and abroad has issued an open letter urging the Union government to reconsider the repeal of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) and to withdraw the newly enacted Viksit Bharat–Guarantee for Rozgar and Ajeevika Mission (Gramin) Act, 2025. The letter, dated December 27, 2025, comes days after the VB–G RAM G Bill was introduced in the Lok Sabha on December 16 and subsequently approved by both Houses of Parliament, formally replacing the two-decade-old employment guarantee law.

From Kerala to Bangladesh: Lynching highlights deep social faultlines

By A Representative   The recent incidents of mob lynching—one in Bangladesh involving a Hindu citizen and another in Kerala where a man was killed after being mistaken for a “Bangladeshi”—have sparked outrage and calls for accountability.  

NYT: RSS 'infiltrates' institutions, 'drives' religious divide under Modi's leadership

By Jag Jivan   A comprehensive New York Times investigation published on December 26, 2025, chronicles the rise of the Rashtriya Swayamsevak Sangh (RSS) — characterized as a far-right Hindu nationalist organization — from a shadowy group founded in 1925 to the world's largest right-wing force, marking its centenary in 2025 with unprecedented influence and mainstream acceptance. Prime Minister Narendra Modi , who joined the RSS as a young boy and later became a full-time campaigner before being deputized to its political wing in the 1980s, delivered his strongest public tribute to the group in his August 2025 Independence Day address. Speaking from the Red Fort , he called the RSS a "giant river" with dozens of streams touching every aspect of Indian life, praising its "service, dedication, organization, and unmatched discipline." The report describes how the RSS has deeply infiltrated India's institutions — government, courts, police, media, and academia — ...

Reshaping welfare policy? G-RAM-G marks the end of rights-based rural employment

By Ram Puniyani   With the Ram Janmabhoomi Rath Yatra, the BJP’s political strength began to grow. From then on, it started projecting itself as a “party with a difference.” Gradually, the party’s electoral success graph kept rising. However, many thinkers and writers did not find this particularly worrying at the time, as they saw little difference between the BJP and the ruling Congress. The BJP’s real face began to emerge when it became the principal party of the NDA led by Atal Bihari Vajpayee. It first came to power for two brief tenures—13 days and then 13 months—and subsequently governed for nearly six years with Vajpayee as Prime Minister. During this period, many of these writers began to understand that the BJP was indeed a “different kind” of party, as even then the process of undermining democratic values and norms had begun. During the first term of the UPA government, several schemes were implemented that were based on the concept of “rights.” These included the right...