Meanwhile, a currency press wants fresh supply of security pigment

The Bank Note Press at Dewas is a unit of SPMCIL, which is a wholly-owned government company responsible for printing of all new currency notes in India.

Written by Aanchal Magazine | New Delhi | Updated: November 17, 2016 1:32 pm
reserve bank of india, rbi, security pigment, new notes, rs 500 ban, rs 1000 ban, 2000 note, bank note press, currency printing, currency tender, SPMCIL, beta blue, indian express news, india news The pigment Phthalocyanine Beta Blue is used in currency notes as part of anti-counterfeit measures.

While the government and the RBI work to ensure adequate supply of new currency notes, the Bank Note Press in Dewas, Madhya Pradesh — one of the four dedicated facilities that prints currency notes in the country — on Wednesday issued a fresh tender inviting bids for supply of pigment Phthalocyanine Beta Blue, shifting of plant and machinery to a new ink factory, outsourcing of non-core activities relating to packing of ink and the supply of stationery items.

The Bank Note Press at Dewas is a unit of Security Printing and Minting Corporation of India Ltd (SPMCIL), which is a wholly-owned government company responsible for printing of all new currency notes in India. The pigment Phthalocyanine Beta Blue is used in currency notes as part of anti-counterfeit measures. Most infrared dyes are based on a modified phthalocyanine structure. These infrared dyes aid anti-counterfeit measures as both overt and covert deterrent features.

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Prior to this tender, on October 19, SPMCIL had floated a tender for supply of 3,000 kg of the pigment Phthalocyanine Beta Blue.

All new currency notes are issued by the Reserve Bank of India’s department of currency management, which are then printed at one of four facilities. The Dewas press is operated by the SPMCIL which also has another press at Nashik in Maharashtra. The other two presses are owned by the RBI, through a subsidiary, Bharatiya Reserve Bank Note Mudran (BRBNML), at Mysuru, Karnataka, and Salboni in Bengal.

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The government had scrapped currency notes of Rs 500 and Rs 1,000 from November 8 midnight. Although the new series of Rs 2,000 currency notes have come into circulation, the new Rs 500 notes are expected in the market shortly.

Under the provisions of the Reserve Bank of India Act, 1934, RBI has the sole right to issue bank notes of denominational value of Rs 2 and above. All bank notes are guaranteed by the Government of India and RBI is responsible for maintaining the quality of banknotes in circulation.

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      Nov 17, 2016 at 4:18 am
      Black money lobby headed by keju is active is in these columns. They should understand the people of India is solely behind PM Modi's bold decision.People are sensible enough to understand that the measure will bring down the sky rocketing prices of land, house, bring down rent rate, pave the way for ending capitation fee for school and college admissions and also for getting jobs.It will cleanse the politics and also end the money power in elections. The people's mood has reflected in a recent survey which said around 82% of the people in the country approves demonetization announcement Of PM Modi, despite the fact that they are experiencing inconveniences due to the decision. They feel these inconvenience is for a better tomorrow. The people of the country, especially the poor and the lower middle cl have borne the brunt of corruption and black money for the last 60 years.The irony in this juncture is that the man who came in politics to ward off corruption and black money is with the black money lobby. He is the chief spoke person of the black mone lobby
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        Nov 17, 2016 at 2:40 am
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            Nov 17, 2016 at 1:08 am
            BJP goons will make most profit ouit of it.
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