Mysore, Kochi to use plastic Rs 10 notes soon

May 3, 2013

plastic_Rs_10Bangalore, May 3: As recoveries and seizures of counterfeit currency notes by various agencies continue in big numbers in South India, Mysore and Kochi will become first two cities in the country to have plastic/polymer currency notes of Rs 10 denomination in circulation, in line with the Centre’s initiative.

One of the objectives of the move is to tackle the counterfeit currency menace, the Union Finance Ministry and the RBI have maintained.

Mysore and Kochi are among five Indian cities where the Centre has decided to introduce such notes on a trial basis. The government plans to introduce one billion pieces of Rs 10 notes in Jaipur, Bhubaneswar and Shimla apart from these two.

Although authorities maintain that the selection of the cities will help test such notes in varied geographical locations and climatic conditions, the move will be India’s latest in tackling the fake note problem, which, investigations in the past have revealed, are being used to fund terror groups among other anti-national activities.

And South India is slowly becoming a major centre for smuggling of such notes.

Going by statistics from the National Crimes Record Bureau , 6,386 notes of Rs 1,000, 12,226 notes of Rs 500, 1,247 notes of Rs 100 and 1,057 notes of Rs 50 and one note of other denominations have been seized in Karnataka, from January 1, 2012, to December 31, 2012. The total face value of the notes stands at Rs 1,26,76,560.

During the same time, the face value of fake currency notes recovered and seized in Kerala stood at Rs 29,09,300, while it was Rs 1,97,81,910 in AP and Rs 2,54,25,005 in Tamil Nadu. (See table for statistics from Jan 1, 2010 to Dec 31, 2012 of all the four states).

Although the number of counterfeit notes of Rs 10 denomination is not negligible compared to Rs 1,000, Rs 500, Rs 100 and Rs 50, the pilot project is restricted to Rs 10. Sources, however, said plans to introduce notes of higher denomination is being considered.

Globally, countries like Australia and New Zealand have opted for such notes to counter fake currency notes, and India will join this club once the project kicks off, the source said.

RBI spokesperson Alpana Killawala told Deccan Herald, “We have already floated tenders in this regard but no other details can be discussed at this juncture.”

On whether the RBI has fixed any timeline to begin the project, she said: “There are a lot of external factors that have to be taken into consideration, we cannot arbitrarily set deadlines. We are taking the process forward, it will be complete when it is.”

The sources said the RBI has sought interested manufacturers of polymer banknotes submit their expression of interest and expected to submit specifications of the substrate along with 500 pieces of sample banknotes printed on the proposed substrate.

The sample banknotes should be serially numbered, distinguishable, prominently marked “SAMPLE” across the face and carry the applicant’s name in indelible ink.

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News Network
July 10,2020

New Delhi, Jul 10: Nepal has banned all Indian news channels, except DD News, for alleged propaganda against the country.

Reports say that Nepal cable operators have stopped getting signals of Indian news channels.

Nepal government spokesperson Yuvaraj Khatiwada said: "We request all not to disseminate news that infringes sovereignty and self-respect of Nepalis. This includes the media of neighbouring countries. We might seek both political and legal remedies."

Earlier, Nepal has amended its map which show some Indian territory as part of it.

Nepal's parliament on June 13 adopted unanimously the Constitution Amendment Bill, paving the way for accommodating the updated political-administrative map, which includes Indian areas of Kalapani, Lipulekh and Limpiyadhura, in its symbol.

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Agencies
January 14,2020

Microsoft's Indian-origin CEO Satya Nadella on Monday voiced concern over the contentious Citizenship Amendment Act (CAA), saying what is happening is "sad" and he would love to see a Bangladeshi immigrant create the next unicorn in India.

His comments came while speaking to editors at a Microsoft event in Manhattan where he was asked about the contentious issue of CAA which grants citizenship to persecuted non-Muslim minorities from Pakistan, Bangladesh and Afghanistan.

"I think what is happening is sad... It's just bad.... I would love to see a Bangladeshi immigrant who comes to India and creates the next unicorn in India or becomes the next CEO of Infosys," Nadella was quoted as saying by Ben Smith, the Editor-in-Chief of New York-based BuzzFeed News.

In a statement issued by Microsoft India, Nadella said: "Every country will and should define its borders, protect national security and set immigration policy accordingly. And in democracies, that is something that the people and their governments will debate and define within those bounds.

"I’m shaped by my Indian heritage, growing up in a multicultural India and my immigrant experience in the United States. My hope is for an India where an immigrant can aspire to found a prosperous start-up or lead a multinational corporation benefitting Indian society and the economy at large".

The Centre last week issued a gazette notification announcing that the CAA has come into effect from January 10, 2020.

The CAA was passed by Parliament on December 11.

According to the legislation, members of Hindu, Sikh, Buddhist, Jain, Parsi and Christian communities who have come from Pakistan, Bangladesh and Afghanistan till December 31, 2014, due to religious persecution will not be treated as illegal immigrants but given Indian citizenship.

There have been widespread protests against the Act in different parts of the country.

In Uttar Pradesh, at least 19 persons were killed in anti-CAA protests.

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News Network
January 14,2020

New Delhi, Jan 14: The curative petitions of Vinay Sharma and Mukesh, who were sentenced to death in the Nirbhaya gang rape and murder case, was on Tuesday rejected by a five-judge Supreme Court Bench led by Justice N.V. Ramana.

In a three-page order, the Bench concluded, after an in chamber consideration that began about 1.45 p.m., that there was no merit in their pleas to spare them from the gallows.

“We have gone through the curative petitions and relevant documents. In our opinion, no case is made out within the parameters indicated in the decision of this Court in Rupa Ashok Hurra versus Ashok Hurra. Hence, the curative petitions are dismissed,” the court held.

Curative is a rare remedy devised by a Constitution Bench of the Supreme Court in its judgment in the Rupa Ashok Hurra case in 2002. A party can take only two limited grounds in a curative petition - one, he was not heard by the court before the adverse judgment was passed, and two, the judge was biased. A curative plea, which follows the dismissal of review petition, is the last legal avenue open for convicts in the Supreme Court. Sharma was the first among the four convicts to file a curative.

The Bench also rejected their pleas to stay the execution of their death sentence and for oral hearing in open court.

Besides Justice Ramana, the Bench comprised Arun Mishra, Rohinton Nariman, R. Banumathi and Ashok Bhushan.

Curative petitions were filed in the Supreme Court by both convicts on January 9. The petitions had come just days after a Delhi sessions court schedulled the execution of all the four convicts in Tihar jail on January 22.

Sharma and Mukesh, in separate curative petitions, argued that there was a “sea change” in the death penalty jurisprudence since their convictions. Carrying out the death sentence on such changed circumstances would be a “gross miscarriage of justice”.

In his plea, Sharma said the Court had commuted the death penalty in several rape and murder cases since 2017, when it first confirmed the death penalty to the Nirbhaya convicts.

“fter the pronouncement of judgment in 2017, there have been as many as 17 cases involving rape and murder in which various three-judge Benches of the Supreme Court have commuted the sentence of death,” the petition contended.

The Supreme Court recently dismissed a review petition filed by Akshay Singh, another of the four four condemned men, to review its May 5, 2017 judgment confirming the death penalty. It also refused his plea to grant him three weeks' time to file a mercy petition before the President of India.

A Bench led by Justice R. Banumathi had said it was open for the Nirbhaya case convicts to avail whatever time the law prescribes for the purpose of filing a mercy plea.

Akshay (33), Mukesh (30), Pawan Gupta (23) and Sharma (24) had brutally gang-raped a 23-year-old paramedical student in a moving bus on the intervening night of December 16-17, 2012. She died of her injuries a few days later.

The case shocked the nation and led to the tightening of anti-rape laws. Rape, especially gang rape, is now a capital crime.

One of the accused in the case, Ram Singh, allegedly committed suicide in the Tihar jail. A juvenile, who was among the accused, was convicted by a juvenile justice board. He was released from a reformation home after serving a three-year term.

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