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3) The RBI board’s decision to recommend withdrawal of legal tender of high denomination notes after a short board meeting is seen as a loss of independence of the RBI. In this light, examine why RBI board’s meeting should be transparent and what should be done to ensure this.

Topic: Transparency & accountability and institutional and other measures.

3) The RBI board’s decision to recommend withdrawal of legal tender of high denomination notes after a short board meeting  is seen as a loss of independence of the RBI. In this light, examine why RBI board’s meeting should be transparent and what should be done to ensure this. (200 Words)

The Indian Express