Wednesday, September 26, 2018
Kashmir Times Logo
Reformative measures necessary
ActIT Jammu, Projects, Java,, C# Training Jammu
Dear Editor,

It refers to Central government stopping minting of coins because of alleged poor demand and storage-problem, meaning thereby not utilizing heavy expenses done on running mints. Undoubtedly supply position of coins now-a-days is satisfactory. But total stopping of coin-minting may again result in shortage of coins causing black-marketing of coin-bags at heavy premiums ranging from 15-20 percent.

Instead of stopping coin-minting, steps should be taken to ensure availability of coin-bags of various denominations in all bank-branches (private or public-sector) including in small bank-branches so that shopkeepers may not have excuse to force unwanted items like candies and chocolates in name of non-availability of coins. Shopkeepers have made a practice to force such unwanted items as replacement of coins for minting extra profit on these items.

At the same time to always ensure adequate coin-supply in future, there should be just two denominations of coins. Coins of only rupees 1 and 5 should be minted abolishing minting in denominations of rupees 2 and 10. Ten-rupee coins are still note popular though having been in circulation for last so many years. Moreover fake coins in ten-rupee denominations are minted because of high profitability due to high face-value. Artificial data of popularity of two-rupee coins is because of their coin-bags being forced by banks in usual absence of bags of one-rupee coins. Shopkeepers do not return one-rupee coin because of poor availability. Consumers will be happier with one-rupee coins because of their being light in weight and flexibility in use.

—Madhu Agrawal

1775 Kucha Lattushah

Dariba, Chandni Chowk Delhi

News Updated at : Friday, January 12, 2018
Comment on this Story 

Top Stories of the Day  
Toll on newsprint abolished, Journalists to have insurance cover
JAMMU, Jan 11: Finance Minister Dr Haseeb Drabu on Thursday announced that J&K’s accredited journalists would be covered under Mediclaim Group Insurance Policy. Drabu said, “The employees of autonomous bodies, PSUs, local bodies etc. are free to voluntarily opt for this scheme. I am making this scheme applicable to accredited working journalists also.” This is in addition to the increased the Personal Accidental Insurance from Rs. 5.00 lakh to Rs. 10.00 lakh. The Finance Minister also announ
> HC stays govt order to remove SKIMS Director
> Youth clash with security forces in Samboora
> KCCI hails budget proposals
> 61.44% pass in 12th class exam results
> BOSE corrects error in Insha’s grade sheet
Other Stories from Web  
Find us on
Weather Report
Shridev Sharma
Mata Vaishnodevi | Matavaishnodevi | Mata Vaishno Devi
Electric Blanket | Electric Bed Warmers | Electric Under Blankets | Electric Heating Blanket
Web Design Jammu, Web Design Company, Ideogram Jammu
Home | Contact Us | Kashmir Times | Kashmir Times E-Paper - Jammu | Kashmir Times E-Paper - Srinagar | Dainik Kashmir Times | Jammu Prabhat
Copyright 2013 Kashmir Times Group. All rights reserved. Powered by Ideogram Technology Solutions Pvt. Ltd.