Features of New Currency Notes in India.

In order to take a control over the black money and to fight against curruption in India; Prime Minister Narendra Modi has abolished the currency notes of Rs. 500 and Rs. 1000 from the midnight of 8th November' 2016. RBI will be issuing the new currency notes of Rs. 500 and Rs. 2000 on 10th November' 2016 with certain new features.
While addressing the nation, Prime Minister Narendra Modi asked general public to home patience and cooperate, as this action may bring several difficulties in a daily work for coming few days. Sources unveiled that people will be given a time of 50 days i.e. from 10th November' 2016 to 30th December' 2016 to get their old currency notes exchanged from any bank and post office.
However, in order to keep a good track over this move by the Indian Government, RBI will keep a control over the issue of higher currency notes in future.
Look of the new Rs. 500 note
Here is how the new Rs. 500 note will look like. Its features and design will be as follows.
  • A nano GPS technology chip is embedded in it as a security feature.
  • The new theme of the note is Indian Heritage Site - Red Fort.
  • The new colour of Rs. 500 note is Stone Grey.
  • The design, size, colour, theme and location of security features will be different from present series of notes.
  • Size of the new note of Rs. 500 is 63 mm x 150 mm.
It seems as if our Indian Government is highly charged to promote Indian culture and heritage by adding such features in the new notes. As well as to curb the issues of production of fake notes is kept at a high concern while designing the new denomination notes.
Here is the look of the new note of Rs. 2000 denomination. Features of this currency note wil be as follows:
Look of the new Rs. 2000 note. 
  • This denomination note will be a part of Mahatma Gandhi series.
  • The reverse of Rs. 2000 currency note has an image of Mangalyan, ISRO's Mars mission, describing the nation's success in interplanetry space.
  • The size of the note is 66 mm x 166 mm.
  • The color of the note is Magenta.
  • The new notes are taking forward the campaign of Swatch Bharat started by Narendra Modi on 2nd October' 2015 by mentioning a line 'Ek kadam Swatchta ki or' on the either side of the note.
The old Rs 500 and Rs 1,000 notes, which are stockpiled by anti-national and anti-social bugs, will become just priceless pieces of paper, after the circulation of new denomination notes into the market.
While addressing the nation, Prime Minister Narendra Modi said that 'The rights and the interests of honest, hard-working people will be fully protected.' 
After the implementation of the scheme, the whole nation is fully supporting the idea and looking forward for a better control over toxic elements of nation's growth and abusers of high official positions.
This commendable move of Indian Government is highly result oriented and prefers to have a better financial conditions in coming days. Personally, I believe the action is taken at peak hours and it may adversly effect the stock market for few days. But if we think about long run, this is something the nation's hardworking and honest group of people was hoping for.

Comments

Popular posts from this blog

Book Review - The Wiccan Waltz

Book Review - A Walk in the Rain

Life or Smoking - Choose Wisely.