HYDERABAD: The Reserve
Bank of India
(RBI) has no idea how much currency has been
printed since demonetisation
was announced. The RBI admitted this in reply to a query under
the Right to Information Act filed by Mumbai-based activist Anil
When Galgali sought information about printing of 10, 20, 50,
100, 500 and 2,000 notes between November 9 and 19, RBI said it
did not have the information. "The information sought is not
available with us," RBI said in its reply. Based on this reply,
former vice-chairman of
National Disaster Management Authority
Shashidhar Reddy wrote to the Election Commission on January 7,
asking it to make the RBI part with the information.
The RBI refused to provide information regarding distribution of
notes by banks from November 9 to 19, 2016. It refused to give
the information citing Section 8 (1) (g) of RTI Act, 2005. This
section says information can be denied if the disclosure would
endanger the life or safety of any person.
"It clearly shows that the RBI avoided giving the information,"
said Reddy. In his letter to the EC he expressed the apprehension
that the ruling BJP could use the cash sent to various states to
its advantage in the upcoming polls.
In reply to Galgali's query, RBI said bank notes were printed by
Bharatiya Reserve Bank Note Madras (BRBNMPL) in Bengaluru and
Security Printing and Mining Corporation
(SPMCL) in New
Delhi, and the query was sent to them. "Can it be that BRBNMPL
and SPMCL print currency notes on their own without the knowledge
of or orders from RBI? Nothing could be more absurd than this,"