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UK-based co denied security nod to supply currency paper

UK-based De La Rue has been denied security clearance to provide paper for printing of Indian currency notes as its supply last year failed to meet some of the required specifications. De La Rue had contracts with Bharatiya Reserve Bank Note Mudran Pvt Ltd for supply of bank note paper to India, Minister of State for Finance Namo Narain Meena said in reply to a question in Rajya Sabha today. However, during July-August 2010, it came to the notice of the authorities that the paper being supplied by the British currency paper maker was "not conforming" to some of the prescribed ...