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The Paper Currency Act, 1861 gave the Government of India the exclusive right to print and circulate banknotes and thereby abolishes the printing and circulation of banknotes by the private Presidency Banks. Until the establishment of the Reserve Bank of India on 1 April 1935, the Government of India continued to print and issue banknotes. [2] [3]
Papyrus. The word "paper" is etymologically derived from papyrus, Ancient Greek for the Cyperus papyrus plant. Papyrus is a thick, paper-like material produced from the pith of the Cyperus papyrus plant which was used in ancient Egypt and other Mediterranean societies for writing long before paper was used in China.
India paper is a type of paper which from 1875 has been based on bleached hemp and rag fibres, that produced a very thin, tough opaque white paper. It has a basis weight of 20 pounds (30 g/m 2 ; typical office paper is 80 g/m 2 ), yet bulks 1,000 pages to the inch (390 per centimetre).
History of printing. The history of printing starts as early as 3000 BCE, when the proto-Elamite and Sumerian civilizations used cylinder seals to certify documents written in clay tablets. Other early forms include block seals, hammered coinage, pottery imprints, and cloth printing.
The first stamp of independent India shows the new Indian Flag. It was meant for foreign correspondence. The second stamp depicts the Aśokan lions capital, the National Emblem of India, and was for domestic use. Indian postal systems for efficient military and governmental communications had developed long before the arrival of Europeans. When the Portuguese, Dutch, French, Danish and British ...
Act No. 3 of 1861. Enacted by. Imperial Legislative Council (India) Enacted. 1861. Commenced. 1861. Status: Repealed. The Paper Currency Act, 1861 is an act in India dating from the British colonial rule, that is currently no longer in force.
Paper. Paper is a thin sheet material produced by mechanically or chemically processing cellulose fibres derived from wood, rags, grasses, herbivore dung, or other vegetable sources in water, draining the water through a fine mesh leaving the fibre evenly distributed on the surface, followed by pressing and drying.
Pulp and paper industry in India. Ancient Sanskrit on hemp based paper. Hemp fiber was commonly used in the production of paper from 200 BCE to the late 1800s. The pulp and paper industry in India is one of the major producers of paper in the world, [citation needed] but is outside the top 10.