It is rumoured that rupee notes to have Abdul Kalam and Rabindranath pictures. RBI clarifies!
Claim
The Central Ministry of Finance and the Reserve Bank are reportedly in talks to print a picture of Rabindranath Tagore and Abdul Kalam on rupee notes.
Rating
Explanation
The image of Mahatma Gandhi is found on all denomination banknotes in India. Leading media outlets have reported that the Reserve Bank and the Ministry of Finance are currently considering printing pictures of Rabindranath Tagore and former President Abdul Kalam on the new banknotes.
According to Dinamalar, the Reserve Bank and the Printing and Minting Corporation of India, which operates under the Ministry of Finance, have sent two separate banknote samples depicting Mahatma Gandhi, Rabindranath Tagore and Abdul Kalam to Delhi IIT Professor Dilip Shahani. He has been asked to recommend which of them the government should consider”.
What is the truth?
The Reserve Bank of India (RBI) has denied information that it was considering printing pictures of Rabindranath Tagore and Abdul Kalam on Indian rupee notes.
According to media reports, the Reserve Bank of India (RBI) is planning to replace Mahatma Gandhi in Indian rupee notes. However, the Reserve Bank did not take any such consideration.
Conclusion
The Federal Ministry of Finance and the Reserve Bank were rumoured to be considering printing the image of Rabindranath Tagore and Abdul Kalam on rupee notes.
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