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Centre writes to RBI over low circulation of 'visually impaired friendly' coins

Wed, 10/13/2021 - 10:13 -- geeta.nair

Nainital: The Centre has written to the Reserve Bank of   India (RBI) asking it to ensure that ‘visually impaired   friendly’ coins are widely circulated in public after a group of lawyers argued that non-availability of these coins violated rights of blind people under Article 14 of the Constitution.

The lawyers had written to the Centre  arguing that even though the government issued the  notification for these coins in March 2019 and PM Narendra Modi released the series, these coins are available in very   limited numbers in the market. In fact, the Rs 20  denomination-coin is so scarce that it is being sold online   for nearly 10 times its actual value, said Rohit Dandriyal,  one of the advocates who approached the government.
The coins, in denomination of Rs 1, Rs 2, Rs 5, Rs 10 and Rs .  and Rs 20, were introduced in March 2019 with several  features to help visually impaired people. But they remain  in low circulation even two and half years later, said the  lawyers in their letter to the Centre.
The group also cited Right To Information (RTI) replies received from  several banks to show that though they had been supplied  these coins by the RBI in the year 2019-20 and 2020-21, they  failed to bring them into the market for the common people.

Source: https://timesofindia.indiatimes.com/city/dehradun/centre-writes-to-rbi-over-low-circulation-of-visually-impaired-friendly-coins/articleshow/86974731.cms

Category: 
Month of Issue: 
October
Year of Issue: 
2 021
Source: 
https://timesofindia.indiatimes.com/city/dehradun/centre-writes-to-rbi-over-low-circulation-of-visually-impaired-friendly-coins/articleshow/86974731.cms
Place: 
Nainital
Segregate as: 
National

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