Report on demonetisation's impact next month: Par panel

March 07, 2017 19:14

A key Parliamentary panel is likely to submit its report on the impact of demonetisation next month after reviewing various submissions, including by Reserve Bank of India Governor Urjit Patel.

The Public Accounts Committee, headed by senior Congress leader K V Thomas, is looking into the impact of demonetisation on various sectors of the economy.

"We are regularly having meetings with stakeholders concerned. Our report will be presented before the end of the budget session," Thomas told PTI.

The second half of the budget session of Parliament is scheduled to begin from Thursday and end on April 12.

Thomas said the PAC has asked the RBI to come out with the exact number of old Rs 500 and Rs 1,000 notes which were demonetised and deposited with banks after Prime Minister Narendra Modi announced the move on November 8.

"We have asked the RBI to give us the number. Their top management including Governor Urjit Patel and others have given their submission to us.

"They say we are still counting. I don't believe in this argument of counting. Everything is computerised these days. Why take such a long time in giving the final figure?" he wondered.

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