Tuesday, June 19, 2018
Kashmir Times Logo www.kashmirtimes.com
Risk of printing notes by foreign agencies
ActIT Jammu, ASP.net Projects, Java, Vb.net, C# Training Jammu
Dear Editor,

There are reports that Indian currency notes and coins are got printed/minted by foreign agencies which are reportedly black listed. After the demonetization of old currency notes of Rs. 1000 and 500 denomination new notes of Rs. 2000 and 500 have been introduced by the Reserve Bank of India (RBI). Immediately thereafter, there have been reports that fake currency notes of Rs. 2000 denomination have also come in the market. Moreover, against Rs. 10 coins, fake coins are in abundance crept into the market. Reports are also appearing in the news media that shopkeepers and the banks are refusing to accept ten rupee coins fearing fakeness thereof. The country has its own security printing presses and minting organizations.

It is not understandable as to why the government prefer to get the currency notes/coins printed/minted from the foreign agencies. If the country’s own printing/minting organizations are not able to meet the growing needs of currency notes/coins, the government of India should upgrade the same to meet the growing domestic need of the country. In good olden days there was no fake currency notes or coins heard of.

Perhaps, because of getting printed/minted Indian currency notes/coins from the foreign agencies the fake currency system has emerged with alarming dimensions. The practice of preferring foreign agencies may also be against the spire “Make-in-India” or “Standup India” as propagated by the NDA regime which has not so far having yield the desired results some economists say as for the news media reports.

—Krishan Singh

Talab Tillo, Jammu

News Updated at : Wednesday, April 19, 2017
Comment on this Story 

Top Stories of the Day  
Whistle blower BSF jawan dismissed after thorough inquiry
JAMMU, Apr 19: The Border Security Force (BSF) Wednesday dismissed a soldier from service after an internal inquiry found him guilty of making false accusations and neglecting orders of the force. BSF jawan Tej Bahadur Yadav had earlier hogged headlines soon after he posted series of videos on Facebook complaining about the poor food at a camp along the India-Pakistan border in Jammu and Kashmir in January. Bahadur was deployed with the force’s 29th battalion at the time allegations were made
> Advani, Joshi, Uma to stand trial
> PM holds meet with ministerial colleagues on SC order
> Hoteliers in isolation as Chenani-Nashri tunnel cuts off Patnitop tourist spot
> China announces ‘standardised’ names for 6 places in Arunachal
> Jadhav case: India summons Pak Dy HC
Other Stories from Web  
Find us on
Weather Report
Shridev Sharma
Mata Vaishnodevi | Matavaishnodevi | Mata Vaishno Devi
Electric Blanket | Electric Bed Warmers | Electric Under Blankets | Electric Heating Blanket
Web Design Jammu, Web Design Company, Ideogram Jammu
Home | Contact Us | Kashmir Times | Kashmir Times E-Paper - Jammu | Kashmir Times E-Paper - Srinagar | Dainik Kashmir Times | Jammu Prabhat
Copyright 2013 Kashmir Times Group. All rights reserved. Powered by Ideogram Technology Solutions Pvt. Ltd.