Govt mulls BIS exemption for high-tech companies setting up plants in India
The government has announced new exemptions for high-tech companies, allowing them to bypass BIS certification to streamline the setup of manufacturing units in India. Concerns were raised by Japanese semiconductor companies over certification hurdles for components. This strategy is designed to ensure rapid availability of equipment, supporting the overarching goals of the Make in India…
India is set to introduce polymer banknotes, starting with low-denominations, according to reports. BRBNMPL, a subsidiary of the Reserve Bank of India, has invited global bids for polymer substrate sheets with security features. Bidders must sign a confidentiality agreement and a no-agent pact, separating their Indian operations from those in China and Pakistan.
The required material must include security features such as a clear window, metallic numeral, magnetic pseudo-thread, shadow image, and iridescent pattern. India aims for a mix of polymer and conventional cotton-based currency, with ₹10 and ₹20 likely to be the first denominations in polymer form. Polymer banknotes are touted for their durability and enhanced security compared to traditional cotton-based notes.
Written by urgent.news from Live Mint's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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