The government proposes to set up a Directorate of Currency (DOC) in the Ministry of Finance. The Directorate of Currency (DOC) will have the mandate to :
(i) Monitor & review best practices around the world;
(ii) Monitor & review instances of breach of security features in India;
(iii) Identify new security features; and
(iv) Fund R&D on a continuing basis.
The efforts of the DOC are expected to substantially contain the counterfeiting of Indian Bank Notes.
This information was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question raised in Lok Sabha today.
hi, its very great news for Printing Professionals to creat new opportunities in this sector.
Does it not already form part of the duties in the normal course of business of the RBI?
A very novel idea to create additional foreign-trip inclusive posts for the IAS and the CSS!