A plea in HC to prepare a policy to allocate Rs. 50 Coin
In 2016, RBI has demonetized Rs. 500 and Rs. 1,000 notes. At the same time, seven news currency notes remain allocated by RBI. It introduced new Rs. 10, 20, 50, 100, 200, 500, and 2,000 notes. These notes remain called banknotes. But, some portion of people feels difficult to identify notes in their daily routines. As of result, a request has been registered in the Delhi High Court. The reason behind the move remains it looking for heading to the Centre and Reserve Bank of India (RBI) to define a policy to give Rs. 50 Coin. To give equivalent allowable margin and simplicity of carrying in daily business to the citizens of the country who have a defacement of vision.
According to the source, the petitioner said in a plea as they take up investigation on the hardship and unevenness experienced by the visually impaired people. The main problem of note identification is the ‘Design of the currency. However, it seemed mainly in the size of the note.’ They observed it in their study, stated in the application.
Several schemes have existed in response to the issue for the benefit of the visually challenged, including coins with denominations of 1, 2, 5, 10, and 20. While the banknotes of the division of Rs. 1, 2, 5, 10, 20, 100, 200, 500, and 2000 do outwardly tired likable. But, the equivalent isn’t pertinent for the Rs 50 note, which is undefined from the Rs. 100 and 500 banknotes. Further, there is no coin accessible for the equivalent.
In early, the high court had to ask RBI to identify the cause of hardship in using the new currency notes and coins. It also told the bank to review the issue on Rs. 200 and Rs. 50 denominations.