Cost of printing a one-rupee note is Rs 1.14

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NEW DELHI: the price of printing one rupee note, that was recently re-introduced when a spot of 20 years, is Rs 1.14, more than its value.  The Security Printing and Minting Corporation of Bharat, underneath the central government, aforementioned within the RTI response that the price is subject to audit, that is current, for financial year 2014-15.

“The value one rupee note is now  Rs 1.14 as determined in accordance with the principle of cost accounting and cost accounting module,” it aforementioned replying to the applying filed by activist Subhash Chandra Agrawal.

The printing of one-rupee notes was out of print in 1994 owing to high printing value as compared to their lives. Similarly, the notes of 2 rupees and 5 rupees denominations were after out of print for identical reason, Agrawal aforementioned.

The denominations are coined. However, the Union Finance Ministry beyond a gazette-notification dated Gregorian calendar month sixteen, 2014 ultimately re-issued one-rupee notes on March 6, 2015 at Shrinathji Temple (Nathdwara), Rajasthan, Agrawal aforementioned. Unlike different currency notes that the bear signature of run batted in Governor, the one rupee note has signature of the Finance Secretary, and Agrawal demanded a search into the “retrogressive” step.

“Enquiry ought to be created if regressive step of re-issue of pricey one rupee notes was taken so signature of prime functionary of Union Finance Ministry could seem on these notes for changing into a historical feature in future,” he said.

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