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Tag Archives: Currency

Govt allows farmers to buy seeds with old currency notes

New Delhi, Nov 21: Good news for farmers as today the government has allowed farmers to buy seeds with old currency notes from any state or central government outlets and agri universities ahead of the Rabi harvesting season. Farmers can purchase seeds from the centres, units or outlets belonging to the central or state governments, public sector undertakings, national or ...

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FM underlines need for Indigenisation of paper, ink and security features of Indian currency

New Delhi, June 3: The Union Finance Minister Arun Jaitley underlined the need for indigenisation of paper, ink and security features of Indian currency. He mentioned that indigenization of the currency has been emphasized by the Prime Minister Narendra Modi on a number of occasions. He mentioned that a beginning in this direction has been made by starting commercial production ...

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BSF apprehends two inter state fake currency note racketeers

Kolkata, May 12 : The Border Security Force on Tuesday said the troops of South Bengal Frontier apprehend two inter-states fake Indian currency note racketeers from near Sohapur of Malda district and seized fake currency note face value of 9 lacs. “On 12th May 2015 BSF Intelligence branch received a pin point information on May 12, 2015 information about the ...

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RBI signs Currency Swap Agreement with the Central Bank of Sri Lanka

New Delhi, Mar 25: The Reserve Bank of India on Wednesday signed the Currency Swap Agreement with the Central Bank of Sri Lanka. The Central Bank of Sri Lanka can make drawals of US Dollar or Euro in multiple tranches up to a maximum of US$ 400 million or its equivalent. “This is expected to further economic co-operation between the ...

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xchange Rate of Foreign Currency Relating to Imported and Export Goods Notified

In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.01/2015-CUSTOMS (N.T.), dated the 1st January, 2015 vide number S.O.17(E), dated the 1st January, 2015, except as respects things done or omitted to ...

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Upgrading Security Features of Indian Currency

Incorporating new security features/new designs in the banknotes to stay ahead of the counterfeiters is an ongoing process. This is undertaken by the Government of India in consultation with the Reserve Bank of India (RBI) and other concerned Ministries/Departments/Organisations. A High Level Committee, constituted in 2010, under the Chairmanship of Director General, Directorate of Currency, Ministry of Finance and having ...

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