The Right to Information Act has armed citizens with the power to demand disclosures from statutory authorities that for years remained hidden behind an iron curtain, masking the shenanigans of public officials and regulated entities. Despite the enactment of the RTI Act, government offices and statutory regulators have provided information grudgingly and in driblets. The RBI continued to insist that it could not divulge details about these violations because it would break the relationship of trust between the regulator and the regulated entities. The court found the RBI guilty of contempt and gave it a “last opportunity” to withdraw its disclosure policy. The sharp rap from the apex court has already prompted the regulator to revise its disclosure policy.

Source: The Telegraph May 02, 2019 03:11 UTC