03.06.2015 - Need to move towards plastic currency, says Indian Finance Minister
Finance Minister Arun Jaitley today made a case for greater use of plastic currency even as he stressed that development of new facilities at Hoshangabad and Mysore would help in reducing reliance on imports for printing of currency notes. "The developed world has moved substantially to plastic currency and payment gateways. I think there is need for India and our determination is there to gradually take steps to move in that direction," he said. Jaitley was speaking at a conference on 'Make in India - Indigenisation of Currency' here. The minister said that the country needed to get rid of "obsolete methodologies" and catch up with the technologies of future to promote industrialisation and create jobs...............................................Full Article: Source
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