Tuesday, June 19, 2012

RBI move to have more political leaders on currency notes can trigger needless acrimony

The RBI’s move to add Dr BR Ambedkar, Chhattrapati Shivaji Maharaj, Pt Jawaharlal Nehru and Indira Gandhi as faces on currency notes will lead to needless acrimony

According to a report in the Times of India, the Reserve Bank of India (RBI) is working on plans to added leaders such as Dr BR Ambedkar, Chhattrapati Shivaji, Jawaharlal Nehru and Indira Gandhi as faces on currency notes along with Mahatma Gandhi. Is this a good move? Or will it only unleash a storm of jousting and lobbying by politicians about precisely which leader is accorded the honour?

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