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What is the role of RBI and government to print photos on Indian notes, understand what is the law

Laxmi Ganesh On Indian Bank Notes : The Aam Aadmi Party (AAP) has recently raised a demand that the picture of Lakshmi-Ganesh should be printed on the Indian note. AAP party says that printing the picture of Goddess Lakshmi and Buddhi Vinayak Ganesh on currency notes will bring prosperity in the country. In this case, the demand has been severely criticized by the opposition, including the Bharatiya Janata Party (BJP). The opposition said the Aam Aadmi Party was raising a “religious demand” in view of the assembly elections. We try to understand who and how decides what is printed on the notes and what is not.

understand the role
The decision of the design of the Indian currency or any new design is taken by the Reserve Bank of India. Along with the Central Board of the Reserve Bank, the government is also represented in this. But if there is any change to be made on the coins or to make a design, then its entire decision is with the government.

law for coins
Let us tell you that the roll of the Reserve Bank of coins is limited. The Reserve Bank can only distribute coins, the rest of the work does not come under its jurisdiction. It is the right of the government to design any coin or have its minting done. For this, the government has got authority under the Coinage Act, 2011.

what is law
The Reserve Bank has the right to designate Rs. For this, the Central Board of the Reserve Bank has been made. Under the Reserve Bank of India Act, 1934, only the Reserve Bank has the full right to issue notes in India. The government is consulted in this regard and after that the decision of the design, form and material of the notes is taken by the Reserve Bank.

This is how designs are made
First one rupee note has been issued after independence. Its design was of the British era, but after independence a major change has been made in it. The picture of King George VI has been replaced with the picture of Ashoka Pillar on the note. After this, in 1987, a note of 500 rupees was issued, on which the picture of Mahatma Gandhi was printed for the first time. The watermark of Lion Capital and Ashoka Pillar has been kept like this.

Gandhiji’s portrait is on these notes
Let us tell you that from the year 1996, Mahatma Gandhi’s picture was inscribed in place of Ashoka Pillar on all banknotes. The Ashoka Pillar image has been moved to the left, next to the watermark window. Notes of Rs 10, Rs 20, Rs 50, Rs 100, Rs 500 and Rs 1,000 have been issued in Mahatma Gandhi 2005 series. They have some additional features in the notes of the 1996 series. These new notes highlight India’s cultural heritage and scientific achievements.

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