Government started again the molding of coins: first gave order to stop

Securities Printing and Mining Corporation of India Limited has been told that coins are usually molded in one shift instead of work in two shifts

Kolkata / New Delhi: The government has asked to start re-installation of four mints by rolling out the decision to completely stop the casting of coins. However, he has been asked to do this work at a slow pace. Industry sources today gave this information

Earlier on January 9, it was reported that the SPMCIL (Security Printing and Mining Corporation of India Limited) issued the directive that the printing of the coins in circulation is being prevented with immediate effect.

Ordering mints to work in a shift, the
government told the Securities Printing and Mining Corporation of India Limited, a public company running the mints located in Kolkata, Mumbai, Noida and Hyderabad, that usually a single shift, instead of the work in two shifts The coins should be molded in

Vision Day, Vice President of Calcutta Mint Employees Association, started casting coins since January 12, said, "We have started casting coins since yesterday. We have been asked to make all kinds of coins. "He said that the Reserve Bank had asked for the installation of 771.2 million coins in the financial year 2017-18, out of which 590 million coins have been set up. Mints are expected to achieve this goal in the last two and a half months of the current financial year.

The government had instructed to stop the casting of coins on January 9 due to lack of space for excessive currency and storage in the market.