A social organisation Monday moved the Calcutta High Court seeking directions to state and central authorities to put a ban on issuance of coupons or due slips instead of currency as loose change by private bus operators to the passengers in West Bengal.
The organisation,Indias Smile,said in its petition that private transporters can not introduce such illegal currency and force passengers to accept it.
As per the petition,recently some private bus operators have formed an organisation to print coupons and due slips of Rs 3 and Rs 5 denominations carrying holograms,which are then handed over to the passengers instead of small change. Some traders too have started following the practice.
Such activities of the private bus operators and shop owners creates a parallel economy without the sanction of any authority of law and it must be stopped in the interest of the economy of the state, the petition reads.
The petitioner said that such practice has been started owing to shortage of coins and currency notes of smaller denomination. We have witnessed the disappearance of coins of 1,2,3,5,10,20,25 and even 50 paise. Now a short supply of currency notes in 1,2 and 5 rupee denominations is prevailing across the country, the petition reads.
It further said that the Indian Revenue Intelligence Directorate recently informed the West Bengal government in a confidential report that some organised groups were collecting coins,which were then sent to factories in Bangladesh to be converted into razor blades and jewellery.
The petition urged the court to direct the central and state governments to take effective action against the offenders for destruction and smuggling out of coins and introducing and circulating coupons,due slip,and plastic tokens in lieu of currency. It also urged the court to direct the Reserve Bank of India to regulate the supply of small denomination of currency notes and coins. The petition is likely come up for hearing this week.