We are only conducting Seminars to make Professional Traders. The material published on the blog is of general and educational information only and is not suitable for trading purpose. We do not provide Stock Tips. Please do not make any payment on website. All Material is available Free on the site.

Is Polymer Notes an Answer to Counterfeit Currency?

Can India afford the polymer currency as present printing of replacing old Rs 500 and Rs 1000 is going to cost Rs 12000 Crores to the govt and had they gone for polymer notes, it would have had cost them Rs 48000 Crores.

Now the question arises that  what is a polymer note and answer lies i the fact that it is somewhat similar to being a plastic note  with better features and long life and thus makes the nation more business friendly.

The first polymer notes introduced in the world was in Australia in 1996. The then Government of Australia stated the rise in black money in the country and currency bills losing life quickly. One point which needs to be noted is that it is easier to go for such type of notes in smaller population countries as compared to bigger countries. However, govt is thinking on the right lines and soon we will have pilot project being launched in certain districts.

The govt has to take the decision with some thought process as knee jerk reactions should be avoided. Like yesterday it announced to launch a new channel to promote digital banking awareness and here we will ask the govt to use the existing platform of Doordarshan to spread their message.

Most Visited Stocks - Click to Visit Link

We Teach and Train our Readers as we want to make sure that Readers become thorough professionals. We do not provide any stock tips. Please do not make any payments. Your joining or reading content is subject to acceptance of our terms and Disclaimer for which link is given on the site at bottom right hand corner. Wherever the word tip is written; it implies an idea which is of informational value and is not suitable for trading. Trade ideas if any are for educational purpose only. We are conducting Seminars to make Professional Traders. Join Now for Bangalore, Chennai and Hyderabad. Leave query through contact form.
Chart> Nifty A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 0-9