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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Two injuries, one DNF, a DQ as India end messy World Relays campaign
Gaborone (Botswana) (PTI): Amoj Jacob and Ragul Kumar got injured during the men's 4x400m and 4x100 races respectively as India ended their World Athletics Relays campaign in disappointment on the second day of competitions here on Sunday.
The Indian camp had high hopes of making the 2027 World Championships in the men's 4x400m relay but the team did not finish (DNF) the race as Jacob suffered cramps and pulled out of the race after taking the baton from the first leg runner Dharamveer Choudhary. Rajesh Ramesh and Vishal TK were to run in the third and fourth legs.
Those teams which could not qualify for the 2027 Beijing World Championships by reaching the final round of each of the six relay events on Saturday were given another chance in the second qualification round on Sunday.
The top two teams in each of the two heats (in all six relay events) booked the Beijing ticket on Sunday.
India will now have to try and qualify for the World Championships through the Top Lists of the World Athletics, which is a long and tedious process.
In the men's 4x100m race, third leg runner Ragul Kumar fell down the track after failing to hand over the baton inside the exchange zone to fourth leg runner Gurindervir Singh, which clearly showed the lack of coordination among the runners.
Harsh Santosh Raut and Animesh Kujur ran the first two legs.
The Indian quartet was disqualified and Kumar was seen being taken away from the Field of Play with the help of the volunteers.
It was a comedy of errors in the case of the women's 4x100m race, which saw the baton being dropped during an exchange between first leg runner Tamanna and second runner Nithya Gandhe, though the Indians finished the race in 53.09 seconds.
Gandhe started running quite a distance, but after realising that the baton was not in her hand, she turned and ran back to pick it up.
The only silver-lining for the Indian contingent was the national record time in the mixed 4x100m relay race, though the quartet of Ragul Kumar, Nithya Gandhe, Animesh Kujur and Sneha SS finished sixth in heat number two with a time of 41.35 seconds, bettering the previous national mark of 42.30 seconds set in March in Chandigarh.
The mixed 4x400m relay quartet of Theerthesh P Shetty, Kumari Saloni, Nihal William and Rashdeep Kaur ended at fifth in heat number one with a time of 3 minutes and 19.40 seconds.
On Saturday, all the five Indian relay teams had failed to make it to the respective final rounds and thus missed out on the 2027 World Championships berths.
