CIC issues notice to RBI chief
Economy

CIC issues notice to RBI chief

The Central Information Commission (CIC) has issued a show-cause notice to the RBI Governor,Mr. Urjit Patel, for 'dishonouring' a Supreme Court judgment on disclosure of wilful defaulters' list.

The CIC has also asked the Prime Minister's Office, the Finance Ministry and the Reserve Bank of India to make public the letter of theb former RBI governor, Mr. Raghuram Rajan, on bad loans.

Irked over the denial of information on the disclosure of the 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 Mr. Patel to explain why a maximum penalty be not imposed on him for 'dishonouring' the verdict which had upheld a decision taken by then Information Commissioner, Mr. Shailesh Gandhi, calling for disclosure of names of wilful defaulters.

Mr. Patel, speaking on September 20 at the Central Vigilance Commission, 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.

'The Commission feels that there is no match between what RBI Governor and Deputy Governor say and their website regarding their RTI policy, and great secrecy of vigilance reports and inspection reports is being maintained with impunity in spite of the Supreme Court confirming the orders of the CIC in the Jayantilal case', the Information Commissioner, Mr. Sridhar Acharyulu, said.

He concluded that it did not serve any purpose in punishing the CPIO for this defiance, because he acted under the instructions of the top authorities.

'The Commission considers the Governor as deemed PIO responsible for non-disclosure and defiance of SC orders and CIC orders and directs him to show cause why maximum penalty should not be imposed on him for these reasons, before November 16, 2018,' Mr. Acharyulu said.