Will plastic notes come? Government gave this statement in Parliament

By Sudhakar Yadav February 7, 2024 1:13 PM IST
Plastics- India TV Paisa
Photo:FILE PHOTO The government has given a statement in the Parliament regarding the issuance of plastic notes.

The government has given a statement in the Parliament regarding plastic notes in the country. The government has clearly stated that no decision has been taken at present regarding the issuance of plastic notes. This information was given by the Union Minister in response to a question asked in the Rajya Sabha. The written reply by the Union Minister said that continuous efforts are made to increase the durability of notes and prevent fake notes.

Union Minister of State for Finance Pankaj Chaudhary said that no decision has been taken regarding issuing plastic notes under Section 25 of the Reserve Bank of India Act, 1934. However, the government is continuing its efforts to increase the durability of notes and prevent counterfeit notes.

4682 crores spent on printing notes

In the RBI Annual Report 2022-23, it was told that Rs 4,682 crore was spent by the government on note printing in the financial year 2022-23. Nothing has been spent by the government on printing plastic notes.

At the same time, in response to another question, the Union Minister said that trading illegal commodities with crypto or any other type of asset is a crime. Punishment will be given as per the law. Further informed that under the anti-money laundering and counter financing or terrorism provisions of PMLA, legal action will also be taken against money laundering through crypto.

Apart from this, it was said on his behalf that a notification was issued by the Central Government on March 7, 2023, in which virtual digital assets were brought under the purview of PMLA. Enforcement Directorate i.e. ED looks after such cases. FEMA and FEOA have also been included in this.

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