https://www.taxtmi.com/news?id=12653 The Reserve Bank of India is responsible for planning, issuance, security design, forecasting, distribution and withdrawal of banknotes, while coins are issued by the Government of India and put into circulation by the RBI. India faces high withdrawal rates of soiled notes, distribution challenges across vast terrain, rising production costs and counterfeit risks. Measures include a High Level Committee to reassign distribution roles to banks and private agents, mechanisation and standardisation of processing, direct remittance from presses to banks, pursuit of a Clean Note Policy, and calls for vendor due diligence, R&D for durable and green banknote materials, and cross stakeholder cooperation to curb counterfeiting. en-us Wed, 23 Apr 2014 11:46:43 +0530 Wed, 23 Apr 2014 11:46:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=12653 The Reserve Bank of India is responsible for planning, issuance, security design, forecasting, distribution and withdrawal of banknotes, while coins are issued by the Government of India and put into circulation by the RBI. India faces high withdrawal rates of soiled notes, distribution challenges across vast terrain, rising production costs and counterfeit risks. Measures include a High Level Committee to reassign distribution roles to banks and private agents, mechanisation and standardisation of processing, direct remittance from presses to banks, pursuit of a Clean Note Policy, and calls for vendor due diligence, R&D for durable and green banknote materials, and cross stakeholder cooperation to curb counterfeiting. News - Wed, 23 Apr 2014 11:46:43 +0530 https://www.taxtmi.com/news?id=12653