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RBI's disclosure policy
Why is it in the news?
- Supreme Court gives RBI ‘last chance’ to alter disclosure policy.
- The policy stonewalls revelation of every other kind of information under the Right to Information Act, including the list of wilful defaulters and annual inspection reports.
More in the news
- In December 2015, the Supreme Court held that Reserve Bank could not withhold information sought under the RTI Act.
- The latest SC Bench found the policy of the central bank to be directly contrary to the court’s judgment of 2015.
- The Bench was hearing contempt petitions filed against the RBI for not complying with the 2015 judgment.
- The 2015 judgment had rejected the RBI’s argument that it could refuse information sought under the RTI on the grounds of economic interest, commercial confidence, fiduciary relationship or public interest.
Source
The Hindu.