Govt spends Rs 4.18 to make one Rs 2,000 note, Rs 2.57 for one Rs 500 note: RTI
New Delhi : When it comes to spending our money, we tend to weigh in the value against the want and utility of the product. It is a widely adopted manoeuvre. However, when it comes to money itself, we are mostly in the dark about its cost. For instance, do you know how costly it is to produce one Rs 10 note? Does it cost more or less than its value?
India Today tried to find out the answer. It filed a RTI and asked Bhartiya Reserve Bank Note Mudran (P) Limited the cost of printing different denomination notes. India Today asked how much money does the government spend on printing different notes.
Turns out that the Government of India spends Rs 4.18 on each Rs 2,000 note. It spends Rs 2.57 on every Rs 500 note, Rs 1.51 for every Rs 100 note and Rs 1.01 for every Rs 10 note. The Rs 20 note is, in fact, cheaper by a paisa than the Rs 10 note.
As per calculations, the government spends Rs 1,010 for a thousand Rs 10 and Rs 50 notes, Rs 1,000 for a thousand Rs 20 notes, Rs 1,510 per thousand Rs 100 notes, Rs 2,570 for a thousand Rs 500 notes and Rs 4,180 per thousand Rs 2,000 notes.
India Today also found the cost of printing the old Rs 500 and Rs 1,000 notes that were demonetised on November 8, 2016.
The cost of printing the old Rs 500 note was Rs 3.09 which works out to be more expensive by 52 paisa than its current counterpart. The cost of printing the old Rs 1,000 note was Rs 3.54 which means that it was cheaper by 64 paisa than the current Rs 2,000 note.
Printing a thousand Rs 500 notes of the demonetised currency cost the government Rs 3,090, while they spent Rs 3,540 per thousand Rs 1,000 notes.
courtesy : businesstoday.in
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US VP JD Vance says Lebanon not part of ceasefire, calls it ‘misunderstanding’
Budapest/Washington: US Vice President J D Vance has said that Lebanon was never included in the ceasefire understanding with Iran, describing the confusion as a “legitimate misunderstanding”.
Speaking to reporters before departing from Hungary, Vance said, “I think the Iranians thought that the ceasefire included Lebanon and it just didn’t. We never made that promise.”
He stressed that the United States had not included Lebanon in the scope of the ceasefire at any stage.
His remarks come amid continued Israeli strikes in Lebanon, where more than 200 people were reported killed, even as ceasefire talks between Iran and the US move forward.
Vance said Israel had “offered … to check themselves a little bit in Lebanon because they want to make sure that our negotiation is successful”.
He warned that if Iran allows the situation in Lebanon to affect the negotiations, it could derail the talks.
“If Iran wants to let this negotiation fall apart in a conflict where they were getting hammered over Lebanon, which has nothing to do with them and which the United States never once said was part of the ceasefire, that’s ultimately their choice,” he said.
