New Delhi: Reserve Bank of India Governor Urjit Patel today told a parliamentary panel that old notes deposited after demonetisation are still being counted by a special team working round the clock, with people getting no off-days except a Sunday, sources said today.
The Samajwadi Party's Naresh Aggarwal and Trinamool MP Saugato Roy had asked the RBI Governor how much of the banned notes have come back into the system. Mr Patel said the total money in circulation now is Rs 15.4 lakh crore against Rs 17.7 lakh crore in November last year when Prime Minister Narendra abruptly banned high value notes in an attempt to battle black money and corruption.
The RBI Governor was appearing for the second time before a parliamentary panel to answer their questions on the notes ban. He had appeared last in January, but the MPs had more questions. The panel, headed by Congress MP Veerappa Moily, had summoned him twice in the intervening months, but he sought exemption both times saying that he was occupied with the monetary policy.
With inputs from IANS
The Samajwadi Party's Naresh Aggarwal and Trinamool MP Saugato Roy had asked the RBI Governor how much of the banned notes have come back into the system. Mr Patel said the total money in circulation now is Rs 15.4 lakh crore against Rs 17.7 lakh crore in November last year when Prime Minister Narendra abruptly banned high value notes in an attempt to battle black money and corruption.
The RBI Governor was appearing for the second time before a parliamentary panel to answer their questions on the notes ban. He had appeared last in January, but the MPs had more questions. The panel, headed by Congress MP Veerappa Moily, had summoned him twice in the intervening months, but he sought exemption both times saying that he was occupied with the monetary policy.
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With inputs from IANS
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