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RBI spreads its wings in northeast Indian states of Manipur and Mizoram

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NewsGram Staff Writer

New Delhi: Boasting of having offices in five of the seven northeast states, the Reserve Bank of India (RBI) declared on Saturday that it has opened two sub-offices in the states of Manipur and Mizoram.

Manipur Chief Minister O Ibobi Singh and RBI deputy governor Harun R Khan inaugurated the central bank’s sub-office in Imphal on Saturday, a RBI statement said.

The Imphal office, which will have a financial inclusion and development department, consumer education and protection cell and market intelligence unit, “will work in close coordination of the state government, NABARD and the banks for financial and banking development of the state,” the statement further said.

On Thursday, RBI Governor Raghuram G Rajan and Mizoram Chief Minister Lal Thanhawla inaugurated an RBI sub-office in Aizawl, with the same departments.

(With inputs from IANS)

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RBI maynot have been Authorised to Issue Currency Notes of Rs 2,000 and Rs 200

the Reserve Bank Of India (RBI) does not seem to have any official records to prove that it had authorised the issue of new currency notes in denominations of Rs 2,000 and Rs 200, after demonetisation

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authorised to issue currency notes
Reserve Bank of India doesnot have any proof to have been authorised to issue currency notes. Wikimedia.

Mumbai, Oct 28: In what could be a bizarre situation, the Reserve Bank Of India (RBI) does not seem to have any official records to prove that it had authorised the issue of new currency notes in denominations of Rs 2,000 and Rs 200, after demonetisation, according to documents available through RTI.

“As per RTI replies provided by the RBI, the country’s central bank has apparently not published any Government Resolution (GR) or a circular till date to issue the new Rs 2,000 and recently, the Rs 200 currency notes,” says Mumbai-based RTI activist M.S. Roy.

Authorised to Issue Currency Notes.
Rs. 2000 note was issued by RBI who maynot ahve been Authorised to Issue Currency Notes. Wikimedia.

A May 19, 2016 document — roughly around six months before demonetisation — shows that the RBI’s Central Board of Directors approved a proposal put forth by its Executive Director on May 18, 2016.

This (proposal) pertained to the new designs, dimensions and denominations of future Indian bank notes, and the Board resolved to forward it to the central government for approval, as per extracts of the minutes of that Board meeting.

Essentially, this was carrying forward an earlier such proposal made on July 08, 1993 to introduce a new family of Indian bank notes of Rs 10, Rs 20, Rs 50, Rs 100 and Rs 500 of reduced sizes.

This old proposal (July 08, 1993) was approved at an RBI Central Board Of Directors meeting on July 15, 1993 as per a memorandum dated August 3, 1993 sent from RBI’s Central Office, Mumbai, to the Chief Officer, Department Of Currency Manager (RBI Mumbai), which was signed by the then Executive Director, A P Aiyer.

As per that proposal (of July 8, 1993), these new Indian currency notes of reduced size were to incorporate several fresh and enhanced security features in order to check counterfeiting, according to the same August 3, 1993 memorandum (quoted above).

Roy had also filed a separate RTI query on February 27, 2017, asking for documentation about photographs of Mahatma Gandhi which are not being printed on the Re 1 notes, but were being printed on all currency notes of denominations ranging from Rs 5 to Rs 2,000.

In reply to this particular query, the RBI provided resolutions of its board meetings held on July 15, 1993, July 13, 1994 and May 19, 2016.

authorised to issue currency notes
RBI had issued notes with no proof if authorised to issue currency notes. Wikimedia.

However, these resolutions talk about design features merely for Rs 10, Rs 20, Rs 50, Rs 100 and Rs 500, all of which bear the photographs of the Father of the Nation.

None of these RBI board resolutions make any references about design features or Mahatma Gandhi photographs for denominations of Rs 1,000, Rs 2,000 and now, the latest entrant to the Indian bank notes family, the Rs 200 currency note.

Hence, Roy said that if the RBI board resolutions never even discussed design features or Mahatma Gandhi photographs to be incorporated in Rs 1,000 notes (discontinued after demonetisation), Rs 2,000 denomination notes (introduced on November 8, 2016) and the subsequent Rs 200 notes (introduced in mid-2017), it clearly indicates that no official approval was granted.

He questioned that if no approval was granted for issuing these denominations, who authorised these denominations, their design, printing and distribution.

“If there has been no approval by the RBI Board, no supporting GR or any other known documentation in the public domain, then there is a big question mark about the legal validity and official (monetary) status of these notes — namely Rs.200 and Rs.2,000. The matter merits an independent investigation,” Roy said.

However, if such approvals do indeed exist, then the RBI and government must explain why these documents were not made available despite an RTI query or why they were not in the public domain. (IANS)

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Dalai Lama on Three Day Visit to Manipur

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Dalai Lama
Dalai Lama will be in Manipur on Tuesday. ians

Imphal, October 16: Tibetan spiritual leader the Dalai Lama will arrive here on Tuesday on a three-day visit to Manipur, officials said.

This will be his second trip to India’s northeast after his April visit to Arunachal Pradesh.

Manipur Chief Minister N. Biren Singh told IANS on Monday that the government had declared the Dalai Lama a state guest.

“We will extend a warm welcome to him. He will be given all facilities as an honoured guest,” he said.

On Wednesday, the Dalai Lama will be given a public reception at the Convention Centre here. It will be followed by a felicitation programme at the same venue.

The Dalai Lama will interact with members of the public and dignitaries.

The Dalai Lama, who has lived in India in self-imposed exile since fleeing his homeland in 1959, is coming to Manipur at the invitation of the Speaker of the Manipur Assembly.

His Arunachal Pradesh visit had sparked a diplomatic row between India and China.(IANS)

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7 Beautiful Places To Visit In North East India

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Places to visit in North East India.
Places to visit in North East India. Pixabay

North Eastern India, the home to the ‘Seven Sisters’ is undoubtedly one of the most beautiful regions, yet the most unexplored part of the country. From Shillong’s rainfall to Assam’s beautiful tea gardens, the region is indeed the home to exotic beauty. However, the tourism of the region has gained pace in the recent years. The picturesque views of the streams, hills and farms are breathtaking.

Here is the list of 7 beautiful places to visit in North East India:

1. Kaziranga National Park

places to visit in North East India
Kaziranga National Park. Pixabay.

Kaziranga national park in Assam is famous for its one-horned rhinoceros. It is the most famous tourist spot & one of the beautiful places to visit in North East India. The place has been declared a UNESCO heritage site and attracts a lot of tourists from all over the world. Hundreds of migratory birds and around 35 species of mammals fly down every season to the national park. The incredible fauna cannot be found anywhere else in India.

2. Nathula Pass

Places to visit in North East India.
Nathula Pass. Wikimedia.

A trek on the Nathula Pass in Sikkim will give you a memory completely irreplaceable. The beautiful scenic views which you will observe through your trek journey can be found nowhere else in India & makes if one of the beautiful places to visit in North East India. A vacation to this place with your family during the summers is a must. Also the fact that a bearable temperature in the summer season will let you enjoy your trek more. A trek in the Nathula pass should right away be added to your bucket list.

3. Cherrapunji

Places to visit in North East India.
Cherrapunji. Wikimedia.

Cherrapunji in Meghalaya is the world’s wettest place. The place is known for receiving the maximum rainfall in the world. And, the weather of the place adds to its beauty. It is definitely one of the beautiful places to visit in North East India.

Also Read: 5 Inspiring Travel Stories That Will Give You Serious Wanderlust

4. Phodong Monastery

Places to visit in North East India.
Phodong Monastery. Wikimedia.

According to reports, the Phodong monastery in Sikkim is built in the 18th century. It situated 28 kms from Gangtok. It is known to be one of the most religious places for a sect of Buddhists. The place is a residence to around 260 monks. The place is full of positive energy. The people around the monastery are amicable and have some interesting stories in their pockets to tell you. The architecture of the monastery depicts a unique culture and beauty. These characteristics make this monastery, one of the beutiful places to visit in North East India. So grab your tickets soon!

5. Dampa Tiger Reserve

places to visit in North East India
A bird in the Dampa Tiger Reserve. Wikimedia.

Dampa Tiger Reserve in Mizoram is the largest wildlife sanctuary in Mizoram & a must visit place in north east india. The Tiger Reserve is a home to leopards, barking deer, sloth bear, langurs, Indian Python and a variety of birds. The fauna and flora of the place will leave you stunned.

6. Majuli Islands

Places to visit in North East India.
Majuli Island. Wikimedia.

A river island situated along the Brahmaputra is a home to many tribes. A variety of birds can be found on the island. The size of the island has been reduced due to river erosion by the Brahmaputra.

7. Shilloi lake

Places to visit in North East India.
Shilloi Lake. Wikimedia.

Shilloi lake, the largest natural lake in Nagaland situated in the state’s Phek district is covered by picturesque views including beautiful mountain peaks and trees. The best time to visit this lake is in the summer season. The beauty of the lake makes it one of the most beautiful places to visit in North East India.

-by Megha Acharya of NewsGram.

 Twitter: @ImMeghaacharya.