note demonetisation

Demonetisation: Centre says it respects RBI's autonomy as staff alleges ‘unwarranted interference'

In a letter to the governor, the United Forum of Reserve Bank Officers and Employees said the apex bank's image got ‘dented beyond repair’ after note ban.

The Finance Ministry on Saturday said that it respected the autonomy of the Reserve Bank of India and the consultations offered during the recent demonetisation of high-value currency notes should not be seen as infringement. The ministry’s statement comes after an employees’ union of the central bank wrote to Governor Urjit Patel requesting him to urgently “do away with unwarranted interference from the Finance Ministry”, ANI reported on Saturday.

After demonetisation, the Reserve Bank of India’s image has been “dented beyond repair”, the United Forum of Reserve Bank Officers and Employees wrote in the letter addressed to Patel. “It is painful to note that the RBI is being criticised by many quarters for its ‘operational mismanagement, by the press and many important personalities,” the forum said, according to The Indian Express. It represents three RBI unions, which include more than 18,000 employees of the central bank.

The employees also criticised the appointment of a senior Finance Ministry official to the RBI, calling it a “blatant encroachment” upon its management. Without mentioning a name, the unions emphasised that the reserve bank had not asked the ministry official to be a part of its functions, and that the government imposing itself on the RBI was unacceptable.

“The image of efficiency and independence that RBI had assiduously built up over decades by the strenuous efforts of its staff and judicious policy-making has gone into smithereens in no time,” PTI quoted from the letter. The forum also highlighted the round-the-clock work put in by RBI employees to replace or exchange demonetised notes.

On November 8, Prime Minister Narendra Modi had announced that Rs 500 and Rs 1,000 bills will no longer be legal tender. The RBI has been facing flak for being unprepared to tackle the cash crunch that followed. On December 23, former prime minister and RBI governor Manmohan Singh had questioned whether the RBI was given sufficient time to deliberate over the government’s currency ban decision.

We welcome your comments at letters@scroll.in.
Sponsored Content  BY 

These GIFs show you what it means to miss breakfast

That monstrous roar is your empty stomach.

Let’s take a glance at your every day morning routine. You crawl out of bed, go for a quick shower, pull out and wear your neatly ironed clothes at the speed of light and then rush out of the house, making sure you have your keys and wallet in place.

Giphy
Giphy

You walk into office, relieved because you have made it to work on time. Stifling yawns and checking emails, you wonder how your colleagues are charged up and buzzing with energy. “What is wrong with these people” you mumble to yourself.

Giphy
Giphy

Slowly, you start to change. You start snapping at colleagues and start arguing with your computer. You take out your frustration on anything or anyone in sight.

To add to the aggressive behaviour, you’ve completely lost your focus. After some time, you simply forget what you were doing.

Giphy
Giphy

Unable to bear the hunger pangs, you go for a mid-morning snack. It is only when a colleague asks you for a bite do you realize that you have developed into a fully formed, hunger fueled, monster. Try not to look at yourself in the mirror.

Giphy
Giphy

If only you had spared not even twenty or ten but just 5 minutes in the morning and not skipped breakfast, your story would look completely different - as you will see in this video.

Play

The fast dip in your mood and lack of focus is because your body has missed its most important meal of the day – breakfast. Research has shown that skipping a meal, especially in the morning, worsens the mood because there is a drop in the blood sugar. This in turn affects the levels of serotonin and dopamine, the chemicals produced in the brain that control our moods and feelings. In simpler English, not having breakfast is going to make you really cranky and confused!

Morning is also when the body needs maximum nutrition to function efficiently through the day as you’ve just woken up from a full 7 hours of no food (and if you’re sleeping less than that, that’s a whole other article).

So in short, having a breakfast could make you go from looking like the earlier GIFs to this:

Giphy
Giphy

But with changing lifestyles and most people hard pressed for time, a healthy breakfast is taking the backseat. However, it doesn’t have to be that way. MTR has come up with a range of widely loved Indian delicacies like Poha, Upma and Halwa which can be made in (hold you breath) just 3 minutes! All you have to do is add hot water and wait for 3 minutes to get a delicious and filling breakfast.

Giphy
Giphy

These amazing and delicious breakfasts can be made in a jiffy and consumed with the least hassle, even in the midst of your frenetic morning routine. So grab your #MTRbreakfastin3 to start the day on an awesome note.

Click here to make breakfast a part of your morning routine.

This article was produced by the Scroll marketing team on behalf of MTR and not by the Scroll editorial team.