RBI sought exclusion from RTI: Govt. doesnot finance us!
The Right to Information Act (RTI) covers all bodies owned, controlled or â€˜substantially financedâ€™ by the government. Which should be clear enough, but the Reserve Bank of India didnâ€™t think so. It sought exclusion from the scanner, contending, â€œWe do not come under the Act, as we are the sole financier of the government; the government does not finance us!â€
In response, the Central Information Commission has firmly put the Bank in its place by reminding it that RBI was constituted by an Act of Parliament and was therefore squarely within the lawâ€™s purview.
The question was forwarded to me thourgh Private Message:
Can RBI seek exemption under Section 8(1)(e) of RTI for information related with Cooperative Banks collected as part of their monitoring?