Coin Shortage

With import curbs on gold bars and coins creating shortages, gold jewellery imports have surged suddenly to over 20 tonnes in the October-December period of 2013, according to the Bombay Bullion Association.

The Reserve Bank of India (RBI) on Tuesday came out with an incentive scheme for banks to ensure distribution of notes and coins to the public, a step which will help in removing shortage of currency in circulation.

Earlier during his speech, RBI Governor said he had received complaints about shortage of coins and soiled mutilated notes in rural areas and asked the commercial banks to help the RBI in resolving this problem.

Traffic snarls were seen at DND toll plaza here with commuters stranding at the gates due to shortage of change after the hike in toll rates for some categories of vehicles become effective from today. Toll prices increased from Rs 10 to Rs 11 for two wheelers and Rs 20 to Rs 22 for cars. Due to shortage of coins queues over a kilometer-long were f...

With import curbs on gold bars and coins creating shortages, gold jewellery imports have surged suddenly to over 20 tonnes in the October-December period of 2013, according to the Bombay Bullion Association.

The Reserve Bank of India (RBI) on Tuesday came out with an incentive scheme for banks to ensure distribution of notes and coins to the public, a step which will help in removing shortage of currency in circulation.

Earlier during his speech, RBI Governor said he had received complaints about shortage of coins and soiled mutilated notes in rural areas and asked the commercial banks to help the RBI in resolving this problem.

Traffic snarls were seen at DND toll plaza here with commuters stranding at the gates due to shortage of change after the hike in toll rates for some categories of vehicles become effective from today. Toll prices increased from Rs 10 to Rs 11 for two wheelers and Rs 20 to Rs 22 for cars. Due to shortage of coins queues over a kilometer-long were f...