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Press Information Bureau
Government of India
Ministry of Finance
30-March-2012 17:25 IST
Notes and Coins
The Government has initiated a process of introducing advanced security features in the Indian banknotes of all denominations to check the menace of fake currency.
The acquisition of security features is made following the eight stage acquisition process recommended by the Banerjee Committee and accepted by the Government to promote transparency and accountability.
This information was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question in the Lok Sabha today.
SS/SL
Banknote security strengthened: government adopting advanced security features through a structured multi stage acquisition process to curb counterfeiting. The Government has initiated a procurement process to introduce advanced security features in Indian banknotes of all denominations, adopting a structured multi stage acquisition framework recommended by a committee and accepted by the Government to promote transparency and accountability in procurement, with the objective of checking fake currency, as communicated by the Minister of State for Finance in a written parliamentary reply.Press 'Enter' after typing page number.