shortage of coins in indian market

Posted on June 24, 2012. Comments(6)     Status: Resolved Non-Anonymous RTI's
PUBLIC RELATIONS OFFICER RESEVE BANK OF INDIA NEW DELHI

i want to know from the reserve bank of India about :

1)  Coins minted in previous 5 years (2007-2012) of currency: Rs. 1 , Rs 2, Rs 5

2) Number of coins floating and running in Indian market and banks of value Rs 1 Rs 2 and Rs 5

3)  Is there any shortage of coins in indian market (shortage here means less in no than required)

4) Steps/Measures taken by reserve bank of India to curb malpractices of  melting of Indian coins to produce other commodities or in any use or form

5)  and if there is shortage of indian coins (currency) then what are the steps taken by R.B.I to overcome the shortage?

 

PLS HELP ME IN DRAFTING THIS R.T.I AND WANT TO KNOW IF THIS HAS TO BE ADDRESSD TO R.B.I ONLY

PLS HELP ME IN DRAFTING THE ACCURATE  FORMAT WHICH NEEDS TO BE SENT….I WILL SEND IT MYSELF….I WILL BE HIGLY OBLIGED

6 Responses to shortage of coins in indian market

  1. Ankit says:
    June 24, 2012 at 1:12 PM

    Reply to answer 4 is : There is a provision in indian penal code where defacement of currency is a punishable office

  2. imrf says:
    June 24, 2012 at 11:06 PM

    sir i highly appreciate your reply i am aware that section 230 to 254 defines almost everything about all the offences related to indian coins………

    my motive behind this R.T.I is to know about these questions to further file an P.I.L to make the courts aware of practices in market, metro stations,railway stations ad other places where consumers are daily cheated either they are given toffees instead of desired change or they simply refuse for the ticket or other commodity
    pls help me in drafting this R.T.I

  3. Ankit says:
    June 25, 2012 at 1:12 PM

    @Imrf,

    i have a suggestion to make. Before question 3, you can ask WHAT ARE THE CRITERIA/BASIS to decide if there is shortage of Coins in indian market.

    Then you can modify Q.3 as ”Based on such criteria,is there any shortage of coins indian market

    One more question you can ask: What is the basis on which total number of coins to be produced in an year is calculated

    These are just suggestions, its completely upto you to consider it or not. :)

  4. Ankit says:
    June 25, 2012 at 1:17 PM

    The PIO
    Department of Currency Management
    Reserve Bank of India
    Central Office
    4th Floor, Amar Building
    Sir P.M.Road
    Mumbai – 400 001

    This is the address of PIO as given on
    http://www.rbi.org.in/scripts/righttoinfoact.aspx

  5. Amulya - RTI Anonymous Team Member says:
    June 26, 2012 at 12:52 AM

    We do not think that filing this RTI Application will cause victimization of the applicant. We are facing a severe crunch of volunteers and are currently overburdened with other applications of the sort which might cause harassment of the applicant. As it is our duty to cater to their cause first, there might be significant delay in filing this RTI. So, we request you to file it yourself.

  6. imrf says:
    June 26, 2012 at 12:11 PM

    thanks alot sir i higly appreciate your concern over the issue and your valuable suggestions…and i will be considering them

    2) i will be filing all the RTI’s my self which i will be posting here…thanks alot once again

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