FreeCurrencyRates.com

इंडियन आवाज़     20 Oct 2017 04:21:29      انڈین آواز
Ad

There is no shortage of notes in market: Jaitley

———Demonetisation———–

AMN /

Union Finance Minister Arun Jaitley today said normalcy had been restored within few weeks of the decision to recall 86 per cent of the currency notes in circulation and now there was no shortage of notes in market. He said, currency note printing presses of Reserve Bank of India as well as Security Printing and Minting Corporation of India Ltd (SPMCIL) have worked without a break to remonetise by issuing new bank notes.

jaitelyMr Jaitley heaped praises on Prime Minister Narendra Modi’s much-debated demonetisation move claiming perhaps such massive exercise has not happened in any country. Speaking at the 11th Foundation Day function of the SPMCIL in New Delhi today, Mr Jaitley said, it was perhaps one of the biggest exercises of demonetisation and remonetisation in the world.

——Foundation Day function of the SPMCIL——-

In his address, Economic Affairs Secretary Shaktikanta Das highlighted the role of SPMCIL in remonetisation. He said, SPMCIL staff worked in additional shifts to print currency and the notes were airlifted to different parts of the country.

In his address Chairman and Managing Director of SPMCIL Praveen Garg informed that the company has become debt free and it is also planning to issue bonds this year. He said, post demonetisation, the currency presses of SPMCIL transported 60 million 500 rupees notes through air amounting 21 thousand 500 crore rupees. He said, Nashik and Dewas units of SPMCIL worked in three shifts and 24×7 creating additional 6.3 lakh man hours in both units during demonetization.

Leave a Reply

You have to agree to the comment policy.

Ad
Ad
Ad
Ad

SPORTS

FIFA U-17:Iran hold off Mexico to make last eight

Iran were 2-0 ahead by the 11th minute Allahyar Sayyad scored his third goal of India 2017 Iranians will f ...

Denmark Open Super Series Badminton tournment begins

Denmark Open Super Series Premier Badminton tournament began in Odense today. Qualification matches and som ...

Ad

Archive

October 2017
M T W T F S S
« Sep    
 1
2345678
9101112131415
16171819202122
23242526272829
3031  

OPEN HOUSE

Mallya case: India gives fresh set of documents to UK

AMN India has given a fresh set of papers to the UK in the extradition case of businessman Vijay Mallya. Ex ...

@Powered By: Logicsart

Help us, spread the word about INDIAN AWAAZ

RSS
Follow by Email20
Facebook210
Facebook
Google+100
http://theindianawaaz.com/80520-2">
LINKEDIN