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There is a news that the Reserve Bank of India (RBI) is planning to introduce plastic currency notes next year on a pilot basis and improve security features to defeat the efforts of counterfeiters. It also aims to set up a national bill payments system that could eliminate middlemen and bring in efficiencies.
There is a news that tender bids have come for 1 billion notes. And pilot testing would be done in five cities including Shimla. Based on pilot testing, the currency will be introduced in 2015.
This is a news published in the Economic Times news paper. Read the full article.
It's not just the media contingent that Prime Minister Narendra Modi has avoided on his foreign tours. Modi has been keeping his own delegation thin as well, dropping officials and ministerial colleagues from the trips.
A delegation of 42 accompanied Modi to Nepal on August 3-4, according to information available with ET. The team comprised top officials, personal secretaries, attendants and security officials. The delegation for his four-day visit to Japan beginning Augu ..
beginning August 31 is also expected to be of similar size, but is likely to include a minister as key deals are expected to be signed during that visit, government sources told ET.
Modi's predecessor, Manmohan Singh, often carried teams that had about 70 members, excluding the media party, on trips that were for two days. "The trimmer delegation is in keeping with the PM's direction for cutting costs given the condition of the Indian economy," an official well versed with the mater said.
Singh, on his last trip as PM to Myanmar for the BIMSTEC Summit on March 3-4, took an official delegation and accompanying delegations comprising several officials from the Prime Minister's Office, secretaries, spokesperson, Press Information Bureau officers and a host of private secretaries, personal physicians and two cooks, government source said. Singh who had heart ailments avoided outside food on many ..
The 29th state of India was formed on 2nd June 2014 after Bifurcation of Andhra Pradesh state into two states - Telengana and Andhra Pradesh.
The Congress Working Committee unanimously passed a resolution on 30th July, 2013 to recommend the formation of a separate state of Telengana by bifurcating the state of Andhra Pradesh. After various stages the bill was passed in the Indian parliament in February, 2014. The Andhra Pradesh Reorganization Act 2014 bill was passed by the Parliament of India for formation of the 29th state of India - Telengana state. The bill received the assent of the President of India and published in the Gazette on 1st March, 2014.
Sri K.Chandra Sekhar Rao was elected as the first Chief Minister of Telengana State and sworn in as Chief Minister on 2nd June, 2014. Hyderabad will remain the joint capital city for both Telengana and Andhra Pradesh States for a period of 10 years.
The Telengana state has an area of 114,840 Sq. Kilometers and is the 12th largest state of India. The state has a population of 3,52,86,757 as per 2011 census.
