According to a report by the New Indian Express, the Central Bank and the Security Printing and Minting Corporation of India( SPMCIL) have transferred two sample sets of Gandhi, Tagore, and Kalam to IIT- Delhi Emeritus Professor Dilip T Shahani, who’s responsible for opting and submitting watermarks to the government for the final blessing.
Current Affairs today:- RBI & Finance Ministry Send Watermarks for Consideration
NEW DELHI One of Bengal’s topmost icons, Rabindranath Tagore, and India’s 11th President, APJ Abdul Kalam, also known as the Bullet Man, are reportedly in the race to make it to the country’s bills alongside M Gandhi. The Father of the Nation’s watermark figure occupies the pride of place on all appellations of Indian currency notes. still, the Finance Ministry and the Reserve Bank of India( RBI) are also reportedly considering using the watermark numbers of Tagore and Kalam on a new series of bills of some appellations.
This is the first time that RBI is considering using the images of notorious personalities other than Mahatma Gandhi on the banknotes. The RBI and the Security Printing and Minting Corporation of India( SPMCIL), which is under the Finance Ministry, are learned to have transferred two separate sets of samples of Gandhi, Tagore, and Kalam watermarks to IIT- Delhi Emeritus Professor Dilip T Shahani, who has been told to choose from the two sets and present them for final consideration by the government.
Government sources said that a final decision on picking one or all the three images will be taken at the “ loftiest position. ” According to sources, the designing of the three watermark samples had sanctioned permission. No establishment decision has yet been taken, but the move is proceeding to explore the possibilities of including watermarks of multiple numbers on currency notes.
Top government sources revealed that eventually in 2017, one of nine RBI internal panels, which were formed to recommend new security features for a fresh series of bills, submitted its report in 2020, proposing that besides Gandhi the watermark numbers of Tagore and Kalam should also be developed for addition in all currency notes barring the Rs note whose printing had formerly stopped.
In 2021, the RBI issued instructions to its Mysore- grounded Bharatiya Reserve Bank Note Mudran Pvt Ltd and the SPMCIL’s Security Paper Mill at Hoshangabad to design their own sets of the watermark samples. latterly, the RBI and SPMCIL transferred their samples to Shahani for him to examine them. Shahani has had several rounds of conversations with officers on the “ finer aspects ” of the samples.
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