4th October 2016
subject:- Cash and Currency Coin Operation in India
Today morning i went at market for purchasing vegetables and there i seen such shop coupon instead of Indian coin currency in money transaction. The shop keeper transacted with customer... i surprised to see the same ... i did not made argue but an authentically way i thought that
subject:- Cash and Currency Coin Operation in India
Today morning i went at market for purchasing vegetables and there i seen such shop coupon instead of Indian coin currency in money transaction. The shop keeper transacted with customer... i surprised to see the same ... i did not made argue but an authentically way i thought that
INDIAN GOVERNMENT MUST HAVE TO DO SOME THING better FOR INDIAN COIN MATTER OR EVEN FOR SMALL CURRENCY LEVEL FOR TRANSACTION...
even the same kind scheme made by corporate sectors company and even in running mode by the branded company like SODEX-HO in corporate sector in favor of BONUS, INCENTIVE, PACKAGE of Cost To Company in salary...different way ....very famous... VOUCHERS / vouchers paper which are given to employee for money transaction...
my matters are on civilian people normal transaction ... if necessary ....why the Indian Govt. not taking proper steps and action in financial sector or RBI level or national banking level ...
Here under such few link and tables given for basic understanding...
which shows financial growth of INDIA ....
when GDP is getting year per year higher growth....any government must have to think on that level ... my mean, published and even try to established small level currency in national transaction level...even import export and share stock exchanges must having focus by RBI ... this is my personal thought....
even the same kind scheme made by corporate sectors company and even in running mode by the branded company like SODEX-HO in corporate sector in favor of BONUS, INCENTIVE, PACKAGE of Cost To Company in salary...different way ....very famous... VOUCHERS / vouchers paper which are given to employee for money transaction...
my matters are on civilian people normal transaction ... if necessary ....why the Indian Govt. not taking proper steps and action in financial sector or RBI level or national banking level ...
Here under such few link and tables given for basic understanding...
which shows financial growth of INDIA ....
Remittance by fiscal year[edit]
The following table illustrates the remittances to India as percent of GDP, 1990–1991 to 2005–2010.[14][15][16]
| Year | Remittances | Percent GDP |
|---|---|---|
| 1990–1991 | US$2.10 bn | 0.70% |
| 1995–1996 | US$8.50 bn | 3.22% |
| 1999–2000 | US$12.07 bn | 2.72% |
| 2000–2001 | US$12.85 bn | 2.84% |
| 2001–2002 | US$15.40 bn | 3.29% |
| 2002–2003 | US$16.39 bn | 3.39% |
| 2003–2004 | US$21.61 bn | 3.69% |
| 2004–2005 | US$20.25 bn | 3.03% |
| 2005–2006 | US$24.55(projected) bn | 3.08% |
| 2006–2007 | US$29.10 bn | |
| 2007–2008 | US$37.20 bn | |
| 2008–2009 | US$51.60 bn | |
| 2009–2010 | US$55.06 bn | |
| 2011–2012 | US$66.10 bn | 4.00% [11] |
| 2012–2013 | US$67.60 bn | [6] |
| 2013-2014 | US$70.39 bn | [3][7] |
| 2014-2015 | US$66.30 bn |
when GDP is getting year per year higher growth....any government must have to think on that level ... my mean, published and even try to established small level currency in national transaction level...even import export and share stock exchanges must having focus by RBI ... this is my personal thought....
some link are given below
cash and currency operation in india
Cost of printing a one-rupee note is Rs 1.14
According to a Right to Information reply by the Reserve Bank of India, it costs 50 paise for printing a currency note of Rs 5 denomination, Rs 1 (0.96 paise) for Rs 10, Rs 1.50 for a Rs 20 note. But, surprisingly, it costs more to print a Rs 50 note ( Rs1.81) than a Rs 100 note, which costs Rs 1.79, reportsBusinessLine. Wonder why.
The RTI also indicated that small denomination bank notes have a lower average life than bank notes in higher denomination (Rs100, 500, 1,000).
In order to increase the life of the banknotes and reduce the cost of production and disposal, the RBI is conducting trials on 1 billion plastic and polymer-based notes to check the possibility of introducing plastic notes in India, said the report, adding that the trial will be conducted in five places, including Mysore, Kochi, Shimla, Jaipur and Bhubaneshwar.
Based on Ministry of Finance data, Cost as per denomination are as aboove
Currency paper is composed of cotton and cotton rag.
Cost of 1000 Rs note
Cost of printing at BRBNMPL is 2.67 Rs.
Cost of printing at SPMCIL is 3.15 Rs.
Cost of 500 Rs note
Cost of printing at BRBNMPL is 2.45 Rs.
Cost of printing at SPMCIL is 2.53 Rs.
Cost of 100 Rs note
Cost of printing at BRBNMPL is 1.20 Rs.
Cost of printing at SPMCIL is 1.41 Rs.
Cost of 50 Rs note
Cost of printing at BRBNMPL is 1.65 Rs.
Cost of printing at SPMCIL is 0.94 Rs.
Cost of 20 Rs note
Cost of printing at BRBNMPL is 0.94 Rs.
Cost of printing at SPMCIL is 1.16 Rs.
Cost of 10 Rs note
Cost of printing at BRBNMPL is 0.66 Rs.
Cost of printing at SPMCIL is 0.94 Rs.
RBI to Soon Put more One Rupee Notes in Circulation Again see the link of
this all are very old link.... as taken by me from google but matter is still pending by the Indian Government....in 2016....
i observed one thing ... in India while election rupees level of international is gone imbalance and even mostly happen in India WHY?
while in USA or any nation, whose economy is better then India is not getting imbalance.... i am happy....
but why in INDIA's currency level getting imbalance every election time ..... where are our loose pole.....
Why big Indian note currency like 500 and 1000 rupees note are more in market, while common people need small money and even SMALL COIN TRANSACTION???
i am not interested for costing factor but interesting in making small transaction like 5 paisa, 10 paisa...25 paisa...50 paisa....
so many company making balance sheet in every financial year with showing decimal point of paisa level...but when doing practical... if coming 49 paisa then less then one and if 51 paisa then one ruppe????
example wise
if 1.49 then only 1 rupee
if 1.51 then 2 rupee????? WHY
Indian market is bigger then any other for any digital product and still the Indian government not established the rupees button on key board of laptop and computer key board...WHY????
We must have to make DECIMAL value in our country's currency level...only Indian Aryabhatt given the VALUE of ZERO to the world....
Jigar Mehta / Jaigishya
i observed one thing ... in India while election rupees level of international is gone imbalance and even mostly happen in India WHY?
while in USA or any nation, whose economy is better then India is not getting imbalance.... i am happy....
but why in INDIA's currency level getting imbalance every election time ..... where are our loose pole.....
Why big Indian note currency like 500 and 1000 rupees note are more in market, while common people need small money and even SMALL COIN TRANSACTION???
i am not interested for costing factor but interesting in making small transaction like 5 paisa, 10 paisa...25 paisa...50 paisa....
so many company making balance sheet in every financial year with showing decimal point of paisa level...but when doing practical... if coming 49 paisa then less then one and if 51 paisa then one ruppe????
example wise
if 1.49 then only 1 rupee
if 1.51 then 2 rupee????? WHY
Indian market is bigger then any other for any digital product and still the Indian government not established the rupees button on key board of laptop and computer key board...WHY????
We must have to make DECIMAL value in our country's currency level...only Indian Aryabhatt given the VALUE of ZERO to the world....
Jigar Mehta / Jaigishya
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