Introduction of Plastic Currency; one billion pieces of Rs. 10 Banknotes on Polymer Substrate to be introduced on A field Trial basis in five Cities

Introduction of Plastic Currency; one billion pieces of Rs. 10 Banknotes on Polymer Substrate to be introduced on A field Trial basis in five Cities https://www.taxtmi.com/news?id=4294 The Reserve Bank of India, in consultation with the Government, authorised a field trial issuing ten-rupee banknotes on a non-fibrous, non-porous polymer substrate in selected cities to extend note longevity rather than primarily to combat counterfeiting. An independent environmental assessment concluded polymer notes would be more environmentally favourable than traditional cotton-fibre paper banknotes, and the trial aims to evaluate operational durability and environmental outcomes prior to broader adoption. en-us Fri, 14 Dec 2012 10:36:14 +0530 Fri, 14 Dec 2012 10:36:14 +0530 TaxTMI RSS Generator Introduction of Plastic Currency; one billion pieces of Rs. 10 Banknotes on Polymer Substrate to be introduced on A field Trial basis in five Cities https://www.taxtmi.com/news?id=4294 The Reserve Bank of India, in consultation with the Government, authorised a field trial issuing ten-rupee banknotes on a non-fibrous, non-porous polymer substrate in selected cities to extend note longevity rather than primarily to combat counterfeiting. An independent environmental assessment concluded polymer notes would be more environmentally favourable than traditional cotton-fibre paper banknotes, and the trial aims to evaluate operational durability and environmental outcomes prior to broader adoption. News - Fri, 14 Dec 2012 10:36:14 +0530 https://www.taxtmi.com/news?id=4294