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FM Stresses the need for use of more Accounted Money and Discourage of use of Unaccounted Money Focuses on use of Plastic Money such as Credit Card Rupay Card and Cheques in lieu of Hard Currency

Dated:- 27-3-2015 - The Union Finance Minister Shri Arun Jaitley said that there is need to take steps to encourage people to use more and more accounted money and discourage the use of unaccounted currency. In this regard, the Finance Minister said that with the progress in the growth of economy, more and more people should be incentivized to use plastic money such as credit cards, Rupay cards and cheques or any other negotiable instrument. They should be discouraged to use hard currency or una .....

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hat as a result of financial inclusion, more and more households are now connected to banks and RuPay cards have been issued to people even to those below the poverty line. He said that there is now need to launch a campaign to create an awareness among them for using more and more RuPay cards which can be a game changer as far as India is concerned. The Finance Minister said that celebration of occasions like Foundation Day give an opportunity to analyse the performance of its employees and the .....

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appreciated the progress made by the Company in the production of Bank Notes and Coins and the steps taken to modernize the Units with capacity expansion through internal resources. He distributed the Awards to the selected Units for their excellent performance in different fields and also Excellent Individual Awards to the employees for their excellent performance. Shri Jaitley expressed his satisfaction that SPMCIL in a short span of about eight years has achieved most of the objectives of the .....

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