FreeCurrencyRates.com

इंडियन आवाज़     20 Feb 2017 09:27:05      انڈین آواز

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

Your email address will not be published. Required fields are marked *

Ad
Ad
Ad

SPORTS

India win silver at Asian Women’s Rugby Sevens Trophy

The Indian Women's team today won a silver at the Asian Rugby Sevens Trophy tournament at Vientiane, Laos. ...

Dhoni removes from captaincy of IPL franchise Rising Pune

Mahendra Singh Dhoni has been removed from captaincy of IPL franchise Rising Pune Supergiants. According to re ...

Ad

Archive

February 2017
M T W T F S S
« Jan    
 12345
6789101112
13141516171819
20212223242526
2728  

OPEN HOUSE

NEPAL TRAGEDY: PHOTO FEATURE

[caption id="attachment_30524" align="alignleft" width="482"] The death toll from Saturday's deadly 7.9 magnit ...

@Powered By: Logicsart