The figures are disturbing and the benefits of the demonitasation if at all have been nullified. There is no semblence of Governance and in the name of librealisation the well established and meticulously developed systems and procedures pursued by the RBI for decades have been given unfortunately a go bye over a period. THE RBI seems to have lost its glory and perfection in carrying out its responsibilities with utmost accuracy and without giving any loopholes to subvert its own rules and regulations.RBI never indulged in extravagance and was a role model for many of the central banks of the world for discharging its functions in the best interests of the Government and the whole economy. The deterioration seen, of late, is regretable and needs to be deeply introspected for reestablishing its glory and independent status. An independent and efficient Central Bank is always a proud of any economy and nation.
TVG Krishnan
( this comment appeared in Business standard dated 30/05/2022 against the article fake note of Rs 500 increased by 102% in FY 2022)
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