120th anniversary of India Government Mint – In Hyderabad, The 120th anniversary of the India Government Mint was celebrated with commemorative souvenir coins. the souvenir coins are crafted of silver and copper and serve as a tribute to the rich legacy and contributions of the Indian Government Mint in the field of coinage and minting. Security Printing and Minting Corporation of India Ltd (SPMCIL) Chairman and Managing Director SK Sinha released the commemorative coins.
Security Printing and Minting Corporation of India Ltd (SPMCIL)
- SPMCIL is a Miniratna Category-I CPSE, and wholly owned Schedule “A” Company of the Government of India.
- It is engaged in the manufacture of security paper, minting of coins, printing of currency and bank notes, non-judicial stamp papers, postage stamps, travel documents, etc.
Where is the headquarter of SPMCIL?
- Security Printing and Minting Corporation of India Limited (SPMCIL) was established on 13 January 2006 under the Companies Act, 1956. its headquarters is located in New Delhi. It is a Miniratna Company and is wholly owned by the Government of India.
Who is the MD CEO of SPMCIL?
- Shri Sunil Kumar Sinha was appointed as an additional charge of Chairman and Managing Director of SPMCIL with effect from 03.05. 2023.
- Shri Sunil Kumar Sinha took additional charge of Chairman and Managing Director of SPMCIL with effect from 03.05. 2023.
Where is the printing press of SPMCIL in India?
- In India, four printing presses are for printing and supply of Banknotes. These are located at Dewas in Madhya Pradesh, Nasik in Maharashtra (owned by SPMCIL), Mysore in Karnataka, and Salboni in West Bengal (owned by Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL)).
Is SPMCIL a Government company?
Security Printing and Minting Corporation of India Limited (SPMCIL) is a wholly owned Schedule ‘A’ Miniratna Category-I company of the Government of India, incorporated on 13th January 2006.
Which ministry is SPMCIL under?
SPMCIL is wholly owned by the Government of India under the administrative control of the Department of Economic Affairs (DEA), Ministry of Finance.
Who prints paper money in India?
The Reserve Bank of India (RBI) prints and manages currency in India, and the Govt of India regulates what denominations to circulate.
Who Regulates the Printing of Money in India?
The Reserve Bank of India (RBI)
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