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Prasad GLN

RBI Governor Urjit Patel gets show-cause notice over non-disclosure of wilful defaulters’ list

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Prasad GLN

RBI Governor Urjit Patel gets show-cause notice over non-disclosure of wilful defaulters’ list

RBI Governor Urjit Patel was slapped with a show-cause notice by the Central Information Commission (CIC) for “dishonouring” a Supreme Court judgment on disclosure of the wilful defaulters’ list, news agency PTI reported on Sunday.

The CIC, according to PTI, has also asked the Prime Minister’s Office, the Finance Ministry and the Reserve Bank of India (RBI) to make public the letter of former RBI governor Raghuram Rajan on bad loans.

Irked over the non-disclosure of names of wilful defaulters who have taken bank loans of Rs 50 crore and above by the RBI in spite of a Supreme Court order, the CIC has asked Patel to explain why a maximum penalty should not be imposed on him for “dishonouring” the court verdict, which had upheld a decision taken by then information commissioner Shailesh Gandhi, calling for disclosure of names of wilful defaulters.

Patel, speaking at the Central Vigilance Commission (CVC) on September 20, had said the guidelines on vigilance, issued by the CVC, were aimed at achieving greater transparency, promoting a culture of honesty and probity in public life and improving the overall vigilance administration in the organisations within its purview, the CIC pointed out.

Link:  http://www.msn.com/en-in/money/news/rbi-governor-urjit-patel-gets-show-cause-notice-over-non-disclosure-of-wilful-defaulters’-list/ar-BBPk8iA?li=AAggbRN&ocid=iehp

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Prasad GLN

RBI has approached Court against IC.  The then IC has tweeted about several CIC decisions challenged in Court and blaming public authorities for taking court Route on RTI and making IC as a party in such writs.

Hope some one will post the tweet, and then discuss about as to when this unhealthy practice started and whose ICs decisions were mostly challenged before Courts.

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Prasad GLN

There were two interesting developments.

RBI went to appeal against the decision.

Concerned IC has tweeted expressing his concern over so many appeals filed against CIC decisions.

If some one can list out the cases, the decisions, the ICs involved in the decision, members can get fair idea of facts in the case.

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