Tuesday, March 5, 2013

Steps taken to address high current account deficit: Government

........On measures taken to check the menace of fake currency notes, the minister said RBI has incorporated new security features in banknotes and has given instructions to banks to disburse only sorted and genuine notes through their counter/ATMs. Asked whether there is shortage of coins of various denominations in the country, Meena said the complaints of shortage of coins are mainly in Re 1 and Rs 5 segment. On measures taken to address the problem, he said that more remittance of coins were sent to Currency Chests (CCs) in the areas where shortage of coins was reported and banks have been advised to organise coin melas for issue of coins to members of public among other measures.

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