
New varnish-coated 100-rupee notes to be introduced shortly
It refers to reply in Rajya Sabha on 04.03.2020 by Union Minister of State for Finance Anurag Thakur that new varnish-coated 100-rupee notes with longer life will be shortly issued on experimental basis in five cities Shimla, Jaipur, Bhuvneshwar, Kochi and Mysore. But similar commitment by the then Union Minister of Finance Namo Narain Meena on 12.03.2013 in written reply in Rajya Sabha about introduction of plastic-currency in ten-rupee denomination has not been implemented till now. It is better if experimental plastic-currency in denomination of rupees ten may also be done simultaneously to ascertain better of the two options namely varnish-coated currency and plastic currency.
Thereafter notes in other lower denominations of rupees 10, 20, 50 and 100 also can be issued simultaneousl...