 "Loan defaults: CIC says RBI has to answer if Supreme Court order has been implemented and if not, why")
M Sridhar Acharyalu, the Central Information Commissioner said he does not understand the reason why the the government and the Prime Minister’s Office (PMO) are not providing any answers on what was the action taken on loan defaulters based on the letter sent by Raghuram Rajan, former governor of the Reserve Bank of India to the Prime Minister’s Office (PMO).
#CNBCTV18Exclusive | Information Commissioner MS Acharyulu to CNBC-TV18: Don’t see what problem @RBI has in disclosing full list of defaulters. Law does not provide for a review of order; no meeting today on the order#CICNoticeToRBI #DefaultersListCase pic.twitter.com/fn051wrW5w
— CNBC-TV18 (@CNBCTV18Live) November 6, 2018
In an interview on Tuesday with CNBC-TV18, Acharyalu said: “Raghuram Rajan has furnished a list to the PMO and in the same year [2015], there was a Supreme Court order which stated the government must disclose the names of the defaulters. An RTI was filed too. How many more RTIs must be filed,” he asked, adding that ‘investigation pending’ is a defence. “Cant the government share how many loans were defaulted,” he asked. [caption id=“attachment_4247645” align=“alignleft” width=“380”]  File photo of Urjit Patel, governor, RBI and Raghuram Rajan (right), former RBI governor. AFP pic[/caption] Acharayalu said that at a higher level also perhaps there is an anti-disclosure policy. But, he said, “can’t you share with the people how much loan was defaulted?”
#CICNoticeToRBI | Information Commissioner MS Acharyulu says Centre should at least disclose action taken on info provided by Raghuram Rajan; says policy of non-disclosure seems to be common even at higher levels of administration. Details at 9 pm on IBH | @ShereenBhan #Exclusive pic.twitter.com/2P32HMbOrr
— CNBC-TV18 (@CNBCTV18Live) November 6, 2018
Acharyalu said that he does not know if all wilful defaulters are in the public domain. “Wilful defaulters who are part of the list of defaulters must be made public,” Achayalu said.
#CNBCTV18Exclusive | Information Commissioner MS Acharyulu to CNBC-TV18: Wilful defaulter or defaulters have to be clarified by @RBI & banks. Original petition asked that RBI list all loans above Rs 50 cr that are in default#CICNoticeToRBI #DefaultersListCase pic.twitter.com/LGXfSLz1KA
— CNBC-TV18 (@CNBCTV18Live) November 6, 2018
Earlier on Tuesday, Rajan in an exclusive interview with CNBC-TV18 said he had given a list of frauds to the PMO. He said wilful defaulter or defaulters have to be clarified by the RBI and the banks. The original petition had said that the RBI should list all loans above Rs 50 crore that are in default, he said.
#FraudDefaultSecrecy | List to PMO was of frauds (different from wilful defaulters) says Raghuram Rajan. Big debate https://t.co/Qrw4VhYOVb
— CNBC-TV18 (@CNBCTV18Live) November 6, 2018
Impact Shorts
More Shortsb
 "US ready to ‘impose costs’ on Russia if war in Ukraine drags on, says Hegseth")
 "US tells Hamas to stop violence against Gaza civilians and disarm 'without delay'")
 "China seizes 60,000 maps mislabelling Taiwan, omitting South China Sea islands")
 "Syria’s Sharaa pledges to honor Russia ties, seeks economic and military support in Kremlin visit")
 "US ready to ‘impose costs’ on Russia if war in Ukraine drags on, says Hegseth")
 "US tells Hamas to stop violence against Gaza civilians and disarm 'without delay'")
 "China seizes 60,000 maps mislabelling Taiwan, omitting South China Sea islands")
 "Syria’s Sharaa pledges to honor Russia ties, seeks economic and military support in Kremlin visit")
](https://images.firstpost.com/wp-content/uploads/2017/12/Urjit_Patel4_new_AFP1.jpg){kind=link}