Parliamentary panel summons Urjit Patel on note ban issue


April 20, New Delhi: The parliamentary Standing Committee has yet again summoned RBI Governor Urjit Patel on May 25 over demonetisation issue.

In the last meeting that was held in January this year former Prime Minister Dr Manmohan Singh who has also been RBI governor in the past, intervened while panel was grilling RBI chief. Singh said that the RBI as an institution needs to be respected and refrained “odd” questions to the Governor.

According to the sources Patel is called again so that demonetisation as discussion could be concluded.

“BJP members in the panel including Nishikant Dubey were not in favour of calling Patel to appear before the committee, but after members from opposition led by Manmohan Singh insisted, it was decided to call the RBI governor,” a member said.

Last time, the Committee headed by former Union minister and senior Congress leader M Veerappa Moily had summoned other finance ministry officials besides top RBI officials to discuss the demonetisation of Rs 500 and Rs 1,000 currency notes and its impact thereof.

As the members of committee could not complete their questions, it was decided that the RBI Governor and officials would be again summoned on a later date, after the Budget session.

As per PTI, the sources privy to development said that the members in the panel are likely to ask Patel about how much money has come back into the system.

The members will also inquire as to when banks operations will be normal.

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Wefornews Bureau

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