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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 .....

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ccounted money, he added. The Finance Minister, Shri Jaitley was speaking at the Foundation Day function of Security Printing and Minting Corporation of India Limited (SPMCIL) here today. The Finance Minister said that most developing countries such .....

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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 am .....

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organization as a whole as well as to decide the road map for future. Security Printing and Minting Corporation of India Limited (SPMCIL) is celebrating its 9th Foundation Day here today where the Union Minister of Finance, Corporate Affairs and Inf .....

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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 .....

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Corporatization and it has doubled its productivity, successfully implemented Phase - I modernization of Mints and commissioned new Bank Note Paper line at BNP, Dewas. He expressed confidence that the Corporation will continue with its good performa .....

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and modernization. Ink Factory has been modernized and indigenous production of Quick Set Intaglio Inks has started. A new paper line of 6000 MT per annum capacity at SPM, Hoshangabad is at advanced stage and the commercial production is expected dur .....

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further informed the audience that the Company has commissioned Blank sorting machines and three Multi-Stroke Medal Presses in the Mints. With regard to achievements in production and financial performance, Shri Rana stated that production of circul .....

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