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Specific Information Service
NEW DELHI: Certainly one of Bengal’s best icons, Rabindranath Tagore, and India’s eleventh President, APJ Abdul Kalam, also referred to as the Missile Man, are reportedly within the race to make it to the nation’s banknotes alongside M Ok Gandhi.The Father of the Nation’s watermark determine occupies the delight of place on all denominations of Indian foreign money notes. Nonetheless, the Finance Ministry and the Reserve Financial institution of India (RBI) are additionally reportedly contemplating utilizing the watermark figures of Tagore and Kalam on a brand new sequence of banknotes of some denominations.
That is the primary time that RBI is contemplating utilizing the photographs of well-known personalities aside from Mahatma Gandhi on the banknotes.The RBI and the Safety Printing and Minting Company of India (SPMCIL), which is beneath the Finance Ministry, are learnt to have despatched two separate units of samples of Gandhi, Tagore and Kalam watermarks to IIT-Delhi Emeritus Professor Dilip T Shahani, who has been advised to select from the 2 units and current them for ultimate consideration by the federal government.
Authorities sources stated {that a} ultimate resolution on selecting one or all of the three photographs will likely be taken on the “highest stage.” In response to sources, the designing of the three watermark samples had official sanction. No agency resolution has but been taken, however the transfer is afoot to discover potentialities of together with watermarks of a number of figures on foreign money notes.
There may be international priority: totally different denominations of US {dollars} carry portraits of a number of the Founding Fathers comparable to George Washington, Benjamin Franklin, Thomas Jefferson, Andrew Jackson, Alexander Hamilton and some nineteenth century presidents, together with Abraham Lincoln.Professor Shahani, who’s inspecting the watermarks, specialises in Electromagnetic Instrumentation. He was conferred with the Padma Shri by the Modi authorities in January this 12 months.
High authorities sources revealed that someday in 2017, one in every of 9 RBI inner committees, which had been fashioned to suggest new security measures for a contemporary sequence of banknotes, submitted its report in 2020, proposing that apart from Gandhi the watermark figures of Tagore and Kalam also needs to be developed for inclusion in all foreign money notes barring the Rs 2,000 word whose printing had already stopped.
In 2021, the RBI issued directions to its Mysore-based Bharatiya Reserve Financial institution Word Mudran Pvt Ltd and the SPMCIL’s Safety Paper Mill at Hoshangabad to design their very own units of the watermark samples. Subsequently, the RBI and SPMCIL despatched their samples to Shahani for him to look at them. Shahani has had a number of rounds of discussions with officers on the “finer points” of the samples.
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