July 12, 2017 10:36 PM

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RBI Governor appears before Par panel for 2nd time on demonetization issue

RBI Governor Urjit Patel on Wednesday appeared before a Parliamentary Panel for the second time on demonetization issue. It is understood that Mr. Patel said to the panel that the deposited banned notes are still being counted and therefore he is not in a position to give a figure of the scrapped currency back in the system. During the more than three-hour long meeting of the Standing Committee on Finance, Mr. Patel took a lot of questions by the members. <br/><br/>The Committee is chaired by senior Congress leader M Veerappa Moily. Mr Moily said the Committee will present its report on demonetisation in the Monsoon Session of Parliament which is scheduled to start on 17th of this month. Patel appeared before the panel for the second time after cancellation of old 500 rupee and 1,000 rupee currency notes in November last year.

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