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

The golden crop: How turmeric is transforming women's lives in tribal India

By Vikas Meshram*   When the lush green fields of turmeric sway in the tribal belt of southern Rajasthan, Madhya Pradesh, and Gujarat, it is not merely a spice crop — it is the golden glow of self-reliance. In villages where even basic spices once had to be bought from the market, the very soil today is yielding a prosperity that has transformed the lives of thousands of families. At the heart of this transformation is the initiative of Vaagdhara, which has linked turmeric with livelihoods, nutrition, and village self-governance — gram swaraj.

Swami Vivekananda's views on caste and sexuality were 'painfully' regressive

By Bhaskar Sur* Swami Vivekananda now belongs more to the modern Hindu mythology than reality. It makes a daunting job to discover the real human being who knew unemployment, humiliation of losing a teaching job for 'incompetence', longed in vain for the bliss of a happy conjugal life only to suffer the consequent frustration.

Authoritarian destruction of the public sphere in Ecuador: Trumpism in action?

By Pilar Troya Fernández  The situation in Ecuador under Daniel Noboa's government is one of authoritarianism advancing on several fronts simultaneously to consolidate neoliberalism and total submission to the US international agenda. These are not isolated measures, but rather a coordinated strategy that combines job insecurity, the dismantling of the welfare state, unrestricted access to mining, the continuation of oil exploitation without environmental considerations, the centralization of power through the financial suffocation of local governments, and the systematic criminalization of all forms of opposition and popular organization.

Echoes of Vietnam and Chile: The devastating cost of the I-A Axis in Iran

​ By Ram Puniyani  ​The recent joint military actions by Israel and the United States against Iran have been devastating. Like all wars, this conflict is brutal to its core, leaving a trail of human suffering in its wake. The stated pretext for this aggression—the brutality of the Ayatollah Khamenei regime and its nuclear ambitions—clashes sharply with the reality of the diplomatic landscape. Iran had expressed a willingness to remain at the negotiating table, signaling a readiness to concede points emerging from dialogue. 

Buddhist shrines were 'massively destroyed' by Brahmanical rulers: Historian DN Jha

Nalanda mahavihara By Rajiv Shah  Prominent historian DN Jha, an expert in India's ancient and medieval past, in his new book , "Against the Grain: Notes on Identity, Intolerance and History", in a sharp critique of "Hindutva ideologues", who look at the ancient period of Indian history as "a golden age marked by social harmony, devoid of any religious violence", has said, "Demolition and desecration of rival religious establishments, and the appropriation of their idols, was not uncommon in India before the advent of Islam".

False claim? What Venezuela is witnessing is not surrender but a tactical retreat

By Manolo De Los Santos  The early morning hours of January 3, 2026, marked an inflection point in Venezuela and Latin America’s centuries-long struggle for self-determination and independence. Operation Absolute Resolve, ordered by the Trump administration, constituted the most brutal and direct military assault on a sovereign state in the region in recent memory. In a shocking operation that left hundreds dead, President Nicolás Maduro and First Lady Cilia Flores were illegally kidnapped from Venezuelan soil and transported to the United States, where they now face fabricated charges in a New York federal detention facility. In the two months since this act of war, a torrent of speculation has emerged from so-called experts and pundits across the political spectrum. This has followed three main lines: One . The operation’s success indicated treason at the highest levels of the Bolivarian Revolution. Two . Acting President Delcy Rodríguez and the remaining leadership have abandone...

The selective memory of a violent city: Uttam Nagar and the invisible victims of Delhi

By Sunil Kumar*  Hundreds of murders take place in Delhi every year, yet only a few incidents become topics of nationwide discussion. The question is: why does this happen? Today, the incident in Uttam Nagar has become the centre of national debate. A 26-year-old man, Tarun Kumar, was killed following a dispute that reportedly began after a balloon hit a small child. In several colonies of Delhi, slogans such as “Jai Shri Ram” and “Vande Mataram” are being raised while demanding the death penalty for Tarun’s killers. As a result, nearly 50,000 residents of Hastsal JJ Colony are now living in what resembles a state of confinement. 

The price of silence: Why Modi won’t follow Shastri, appeal for sacrifice

By Arundhati Dhuru, Sandeep Pandey*  ​In 1965, as India grappled with war and a crippling food crisis, Prime Minister Lal Bahadur Shastri faced a United States that used wheat shipments under the PL-480 agreement as a lever to dictate Indian foreign policy. Shastri’s response remains legendary: he appealed to the nation to skip one meal a day. Millions of middle-class households complied, choosing temporary hunger over the sacrifice of national dignity. Today, India faces a modern equivalent in the energy sector, yet the leadership’s response stands in stark contrast to that era of self-reliance.

Love letters in a lifelong war: Babusha Kohli’s resistance in verse

By Ravi Ranjan*  “War does not determine who is right—only who is left.” Bertrand Russell’s words echo hauntingly in our times, and few contemporary Hindi poets embody this truth as profoundly as Babusha Kohli. Emerging from Jabalpur, Madhya Pradesh, Kohli has carved a unique space in literature by weaving together tenderness, protest, and philosophy across poetry, prose, and cinema. Her work is not merely artistic expression—it is resistance, refuge, and a call for peace.