UPSC Articles
Security Printing and Minting Corporation of India Ltd. (SPMCIL)
Part of: Prelims and GS-III Economy
Context: The Delhi headquarters of the Security Printing and Minting Corporation of India Ltd. (SPMCIL) has been declared a “prohibited place” under the Section 2 of the Official Secrets Act, 1923 by the Union Home Ministry “to prevent the entry of unauthorised persons”.
Key takeaways
- The Security Printing & Minting Corporation of India Ltd. (SPMCIL) is a government printing and minting agency.
- It is under the jurisdiction of Ministry of Finance.
- It was incorporated in 2006 with its registered office at New Delhi.
- Role: It is engaged in the manufacture and production of:
- currency and bank notes
- security paper
- non-judicial stamp papers, postal stamps
- stationery
- passport and visa stickers, security inks, circulation, commemorative coins and others.
- The nine production units of the SPMCIL, where banknotes and other government papers are manufactured, are already prohibited places.
- The nine production units are: four India Government Mints, two Currency Note Presses, two Security Printing Presses and one Security Paper Mill located in Mumbai, Kolkata, Hyderabad, Noida, Nashik, Dewas and Narmadapuram.
News Source: TH
