Hyderabad, Aug 18th: The Reserve Bank of India (RBI) has asked all the banks to install desktop note sorting machines to stop the flow of fake currency notes. A high level RBI group on systems and procedures for currency distribution led by the deputy governor, Ms Usha Thorat, has directed to detect the fake notes as soon as they enter the banking channel. The group also asked to ensure that ATMs and other outlets for currency distribution dispense clean and good notes. With this all new and existing ATMs will be provided with inbuilt note detectors.
It is also recommended withdrawal of notes of old series which are to be replaced with new series with more security features. The group made it clear that no FIR will be filed if any person is in possession of less than five fake notes at the bank counter. The group recommended the use of plastic money and had earlier asked the banks to set up UV lamp detectors. According to the report, businessmen and financiers should also have note sorting machines to check fake currency.
It is also recommended withdrawal of notes of old series which are to be replaced with new series with more security features. The group made it clear that no FIR will be filed if any person is in possession of less than five fake notes at the bank counter. The group recommended the use of plastic money and had earlier asked the banks to set up UV lamp detectors. According to the report, businessmen and financiers should also have note sorting machines to check fake currency.
Youth urged to pursue CA Posted on 19-Aug-2009
Rajahmundry, Aug 18th: The president of Institute of Chartered Accountants of India (ICAI), Mr. Uttam Prakash Agarwal, called upon the youth to pursue chartered accountancy in view of the increasing demand for accountancy and auditing in the industries and lack of professionals. Inaugurating the info...
Flu test kits for hospital Posted on 19-Aug-2009
Hyderabad, Aug 18th: The chest hospital on Tuesday installed rapid influenza testing kits. The step was taken after a large number of people started coming for checkups though they were not infected. It happened soon after the government opened eight new centers for the collection of samples for HINI...
Shortage of faculty in hospitals Posted on 19-Aug-2009
Hyderabad, Aug 18th: Due to shortage of doctors in hospitals, the state government has decided to employ qualified doctor’s from private hospitals to teach in government medical colleges. There are at least 600 vacancies in these colleges. The minister for medical education, Mr. P. Sudarshan Re...
CBSC grading for SSC Posted on 20-Aug-2009
Hyderabad, Aug 19th: The state government has finally decided to adopt the CBSE pattern of grading for SSC public exams from this year. The committee constituted by the government to look into the issue studied both the CBSC and ICSE patterns and decided to go ahead with the former which it felt was ...
New courses to launch in ITIs Posted on 20-Aug-2009
Visakhapatnam, Aug 19th: The union minister for power, Mr. Sushil Kumar Shinde, will launch new courses in 12 industrial training institutes on Thursday through video conferencing mode from Scope Convention Center, New Delhi. The institutes were adopted by the National Thermal Power Corporation (NTPC...
Schools still to seek states nod Posted on 20-Aug-2009
Hyderabad, Aug 19th: Though a GO on regulating fee structure in private schools was issued by the government fifteen days ago, none of the school managements have approached the government so far to seek approval for their revised fee, which was hiked in the range of 40 percent to 100 percent this ye...
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