State-run mints have resumed minting of coins from Friday after a three-day stoppage following an order of Security Printing and Minting Corporation of India Ltd (SPMCIL) to halt operations, an official said here on Saturday.
The government-owned SPMCIL, had issued an order to all its four mints, located at Kolkata, Noida, Hyderabad and Mumbai, to halt productions of coins. Later workers' union launched a protest and sought intervention of the Union Finance Minister Arun Jaitley.
According to him, the production of coins is expected to be ramped up soon as minting of coins is done in two shifts -- day and night and there is demand for it.
"Apparently, it seems that there is a over-supply situation but this may be true for urban areas. Our estimates suggest, there is a substantial demand in rural areas," he said.
About 253 crore coins are yet to be taken by the apex bank, which manages circulation of coins and bank notes.
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