Taking on Reserve Bank of India (RBI) Governor Urjit Patel for failing to answer the parliamentary committee over demonetisation, the Janata Dal (United) on Thursday said concealing any information from the panel is a crime, adding that removing Patel from his post is an administrative decision.
"Every organization is answerable to the committee formed by the Parliament and they have to be truthful and honest before it. It is a crime to conceal or hide any fact or information from the committee," JD (U) leader KC Tyagi told ANI.
Tyagi further said that removing Patel as the RBI governor is an administrative decision.
"It an administrative decision but we feel that the RBI autonomy has been affected," he added.
Members of the Parliamentary Standing Committee on Finance yesterday criticized the RBI Governor for his inability to answer queries related to demonetisation.
Meanwhile, the Congress Party on Wednesday demanded Patel's resignation and submitted a memorandum at the RBI headquarters in Mumbai demanding the same.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
