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Union Government to launch 10 Rupees Plastic Notes in 5 Cities

Top Picks :  2013 Current Affairs , Economy , March 2013 Current Affairs

The Union Government and RBI on 12 March 2013 decided to introduce one billion pieces of 10 Rupees bank notes made of plastic on a field trial basis in five cities.

A 10 Rupees note in polymer/plastic on a field trial basis will be introduced first; Minister of State for Finance Namo Narain Meena said it in a written reply to the Rajya Sabha.

The field trail is supposed to be conducted in five cities of Kochi, Mysore, Jaipur, Bhubhaneswar and Shimla with varied geographical locations and climatic conditions.

As per the RBI, the primary objective of introduction of polymer notes is to increase its life, it could also help in combating counterfeiting.

Various agencies such as the RBI, Ministry of Finance, Ministry of Home Affairs, Security and Intelligence Agencies of the Centre and States, Central Bureau of Investigation are already working in tandem to thwart the illegal activities related to Fake Indian Currency Notes (FICN).

The work of these agencies is periodically reviewed by a nodal group set up for this purpose.

Is this article important for exams ? Yes153 People Agreed
Read more Current Affairs on: Union Government , RBI , Plastic Notes
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8 Comment

GAJENDER SINGH,

Yes, these g.k notes are beneficial for competition exam.

Sivasakthi T,

Dear Sir, The current affairs are really very useful to us which includes the quick digest and highlights for easy understanding of the readers. Excellent sir.

RASIGA S,

It is an useful thing that people have to be aware

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Prakash yadav,

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vineet,

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