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RBI press denies to share information on amount and features of new currency (Relevant for GS Prelims)

Bharatiya Reserve Bank Note Mudran Private Ltd. (BRBNMPL) – a subsidiary of the Reserve Bank of India which prints banknotes – has said it has the capacity to print 16 billion pieces of currency notes per annum, when operating in two shifts and when the presses are operating at full capacity.

In reply to an RTI, BRBNMPL said the new Rs.500 notes are printed both by the government-owned Security Printing and Minting Corporation of India Ltd. and BRBNMPL while the Rs.2,000 denomination bank notes are printed only at BRBNMPL.

Controversial reply to RTI
BRBNMPL declined to reply to queries seeking information on the specific number of new Rs. 500 and Rs. 2,000 notes that had been printed and circulated, as well as questions on the security features in the new notes citing Section 8 (1) a of the Right to Information Act, which allows information to be withheld if it “would prejudicially affect the sovereignty and integrity of India, the security, strategic, scientific or economic interests of the State.

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