The minting of coins and printing of currencies were done under the control and supervision of the Ministry of Finance and Ministry of Economic affairs. It was in the year 2000 where the Ministry of Economic Affairs, in their expenditure report explained that the mints and presses were a huge cost to the government and were over staffed in terms of the needs at that point of time. The commission thoroughly studied the operations of the Four mints at Mumbai, Calcutta, Noida and Hyderabad, Two Currency Note Presses at Nasik and Dewas, Two Security Printing Presses at Nasik and Hyderabad and the Security Paper Mill at Hoshangabad, nine units There were 9 key recommendations given in the report which are: Substantial downsizing of the work force in all the units except the Noida Mint. A need for improving managerial efficiency, freeing the units from the usual government procedures, which are often time consuming, be it in making appointments, floating of tenders etc. As ...
In the year 1987, a commemorative coin was issued honoring the small farmers of India. Most of the Political Leaders then did not realize the potential and contributions of the small farmers, they held majority of the land area and were strong pillars of support to boost the GDP of the country then. India was still an agriculturally driven economy. This coin was issued on the 7 th World Food day. That is 16 th October 1987. Rupee 1 Coin: The reverse of this coin shows a farmer couple engaged in transplanting in a field, it had the words “SMALL FARMERS” in English,"छोटे किसान" (Chhote Kishan) in Hindi, inscribed on the periphery of the Coin and the F.A.O*. crest at the space above the farmers. The year of issue “1987” was inscribed in the lower end of the coin. (in the fields on which the farmers are workings on) The obverse of this coin shows the Ashokan lion and the value '1' in International numerals on the center. In English "INDIA" and "...