Banking-fraud like in PMC bank could be prevented if RBI would have been adopting pro-transparency policy under RTI Act
It refers to justified comments of former Central Information Commissioner Shailesh Gandhi that banking-fraud like in Punjab and Maharashtra Co-operative (PMC) Bank could be prevented if Reserve Bank of India (RBI) would not have resisted his (CIC) orders despite Supreme Court having upheld these orders. Ultimately Apex Court on a contempt petition against RBI Governor had to give stringent-most warning to RBI for obeying Supreme Court pro-transparency order. CIC-order was -Merely because disclosure of such information may adversely affect public confidence in defaulting institutions, cannot be a reason for denial of information under the RTI Act. If there are certain irregularities in the working and functioning of such banks and institutions, the citizens certainly have a right to know a...