RBI silence on size of notes angers Bombay high court - Times of India MUMBAI: The Bombay high court on Thursday lambasted the Reserve Bank of India (RBI) for not responding to the question why it frequently changed the size of currency notes. A bench of Chief Justice Pradeep Nandrajog and Justice Bharati Dangre was hearing a PIL by the National Association for the Blind seeking the production of currency notes and coins friendly to visually challenged people. On August 1, the RBI had been directed to reply and state what its compulsion was in changing the note size frequently. The court was peeved when the RBI advocate sought time "to collect data and past history and reasons regarding the decision". "For a decision you don't need data," Chief Justice Nandrajog said. The judges said the claim that notes are changed to tackle fakes was exposed during demonetisation. "Every currency note issued by RBI went back to RBI," Chief Justice Nadrajog said. The bench questioned the delay in informing it of the reason for changing notes, saying if there is a valid reason it will be told at the first instance. "Is that somebody sitting there saying... just do it?" Chief justice Nandrajog said. The judges said the RBI could not exercise its power to cause inconvenience to people. The judges said a PIL could be filed asking why the Re 1 note, which is official currency, is out of circulation. "That is the legal tender. Others are promissory notes," Chief Justice Nandrajog said. The judges said visually challenged people took time to get familiar with the denomination of notes according to their size. "Please at least come and tell us ... in future we are not changing the size of currency notes. If that is done, by and large the problem is solved," Chief Justice Nandrajog said.
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