Author Topic: RBI Considering Other Noteworthy Icons on Banknotes?  (Read 11461 times)

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Offline Bimat

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RBI Considering Other Noteworthy Icons on Banknotes?
« Reply #30 on: September 10, 2017, 08:10:03 AM »
Government: RBI advice needed for Netaji image on notes

Jayanta Gupta | TNN | Sep 10, 2017, 06:34 IST

KOLKATA: More than three months after Calcutta high court sought a reply from the Centre and Reserve Bank of India (RBI) on why currency notes can't have photographs of Netaji Subhas Chandra Bose or any other important personality, the ministry of finance has replied that it may consider the matter at appropriate time, provided the central board of RBI recommends it.

"According to Section 25 of the RBI Act 1934, the design, form and material of bank notes shall be such as may be approved by the central govern ment after consideration of the recommendations made by the central board of RBI.Government may consider the proposals as mentioned in the petition at appropriate time, provided the central board of RBI makes such recommendations," the ministry wrote to Kolkata resident Prithwish Dasgupta, based on whose PIL the high court passed the order on May 19.

Dasgupta had written to the ministry and the RBI governor, praying for Bose's images on banknotes of all denominations or removal of Mahatma Gandhi's images. On receiving no response, he moved the PIL through counsel Phiroze Edulji. After hearing the matter, the bench of acting Chief Justice Nishita Mhatre and Justice Tapabrata Chakraborty gave the Centre and RBI eight weeks to reply.

"The ministry has attempted to pass the buck and hasn't made its stand clear. The RBI has also not replied though it was supposed to do so. I shall point out these issues to the court after consulting my client," said Edulji. He had argued on Dasgupta's behalf earlier that though Mahatma Gandhi and Jawaharlal Nehru garnered much of the credit for successful culmination of Indian freedom struggle, the contribution of Netaji is no less. He also submitted several documents in the court to support his claim. These include history of the Azad Hind Bank, established in April 1944 along with photographs of its currency notes.

Source: Times of India
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Offline dheer

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Re: RBI Considering Other Noteworthy Icons on Banknotes?
« Reply #31 on: September 10, 2017, 06:35:28 PM »
Although I am a huge fan of Bose....

Courts should throw out such petition and spend more time on serious issues.
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