Government Approves Polymer ₹10, ₹20 Note Field Trials

The Indian government wants to test money made of plastic, called polymer, instead of paper.

It approved one billion plastic notes of 10 rupees and one billion plastic notes of 20 rupees for these tests.

The plastic notes will be used in real life alongside the normal paper notes.

The Reserve Bank of India, the country's central bank, suggested this idea after its board recommended it.

The government said yes and told Parliament about the plan on Tuesday.

If the tests go well, plastic notes might be used regularly in the future.

Right now, the government is still in the early stage of buying the materials, so we do not know when the notes will appear.

The government also shared news about prices in shops, saying inflation stayed below its 4 percent target.

It also said tax cuts helped people keep more money and spend more.