Currency Printing News
RBI vs govt: At 19 November board meet, S Gurumurthy’s economic theories and other pain points await Urjit Patel
Gurumurthy’s recent comments had challenged the central bank on multiple issues and some of his economic theories had surprised many.
Banks prefer distributing cash from branches but the government has asked them to keep supply of cash through ATMs too
According to a CNN IBN report, the incident occurred in 2012 when the security thread to be inserted in the currency paper at the Hoshangabad Security Paper Mill were from an Islamic Nation but the defect in the paper intended for 10 rupee notes were kept a secret by senior officers at the Mill and Security Printing and Minting Corporation of India for over three months and no report was sent to either the Home Ministry or the Finance Ministry.