[New Delhi] Ashok Lavasa [IAS-80]Designated as Finance Secretary
Senior IAS officer Ashok Lavasa was today designated as the Finance Secretary.
Lavasa, at present serving as the Expenditure Secretary, is a 1980 batch IAS officer of Haryana cadre
.As per the convention, the senior most Secretary in the Finance Ministry is designated as the Finance Secretary.
Lavasa’s batchmate Shaktikanta Das is working as Secretary, Department of Economic Affairs.
While Hasmukh Adhia is the Revenue Secretary,
Anjuly Chib Duggal is Secretary, Department of Financial Services and
Neeraj Kumar Gupta is Secretary in Department of Investment and Public Asset Management (DIPAM).
Duggal and Adhia are 1981 batch IAS officers, while Gupta belongs to the 1982 batch.
Tag: Finance Secretary
Ashok Lavasa [IAS]Designated as Finance Secretary
Cost of Printing a One-Rupee Currency note is More Then Its Value@Rs1.14
[New Delhi] Cost of Printing a One-Rupee Currency note is More Then Its Value @Rs1.14 Inquiry Demanded
The cost of printing one rupee note, which was recently re-introduced after a gap of 20 years, is Rs 1.14, more than its value
The Security Printing and Minting Corporation of India (SPMCIL), under the central government, said in a RTI response that the cost is subject to audit, which is in progress, for financial year 2014-15. This RTI Was filed by activist Subhash Chandra Agrawal.
The printing of one-rupee notes was discontinued in 1994 because of high printing cost as compared to their lives.
Similarly, the notes of two-rupees and five-rupees denominations were subsequently discontinued for the same reason, Agrawal said.
The denominations have been coinised.
However, the Union Finance Ministry subsequent to a gazette-notification dated December 16, 2014 ultimately re-issued one-rupee notes on March 6, 2015 at Shrinathji Temple (Nathdwara), Rajasthan
Unlike other currency notes which the bear signature of RBI Governor, the one rupee note has signature of the Finance Secretary, and Agrawal demanded an enquiry into the “retrogressive” step.
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