Demonetisation: Parliamentary panel to summon Urjit Patel again on April 20

Urjit Patel

Latest News – A Parliamentary panel has decided to summon Reserve Bank of India (RBI) Governor Urjit Patel again to explain how much of the junked currency has been deposited in banks post note ban and the progress made in remonetisation.

The meeting of the Standing Committees on Finance, headed by former cabinet minister M Veerappa Moily, has been tentatively scheduled for April 20, sources privy to the development said.
Besides Patel, Economic Affairs Secretary Sashikanta Das and Financial Services Secretary Anjuly Chib Duggal are also being asked to appear before the Committee.

The panel, which had last met on the issue of “Demonetisation of Indian Currency notes of Rs 500 and Rs 1000” on January 18, is ascertaining the availability of the RBI and finance ministry officials on April 20.

This possibly may be the last oral evidence meeting of the committee before it finalises its report, sources said, adding that another meeting may have to be called if Patel does not (Read More)

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