Union MoS for Finance Pankaj Chaudhary Addresses 21st SPMCIL Awards, Emphasizing Modernization and Governance in Securing India’s Financial Sovereignty
Distilled Policy Brief
- The corporation’s modernization, robust compliance and transparent corporate governance have been highlighted, with employees’ dedication and innovation recognized through awards for productivity, environment, safety, energy conservation and other domains.
🎯 Prelims High-Yield Examination Points
Role and performance of SPMCIL – a public sector undertaking under the Ministry of Finance – in producing secure currency, coins, passports and other sovereign products.
⚖️ Mains Analytical & Syllabus Linkages
Assess the impact of SPMCIL’s modernization, governance practices and employee-driven innovations on India’s financial sovereignty and the effectiveness of PSU oversight by the Ministry of Finance.
🎯 UPSC Prelims Practice Drill
During the 21st awards ceremony of the Security Printing and Minting Corporation of India Limited (SPML), which of the following was NOT highlighted by the Finance Minister as a key contribution of the corporation?
- [A] Production of safe currency
- [B] Production of coins
- [C] Production of passports
- [D] Production of nuclear weapons
▶ Reveal Official Answer & Analytical Explanation
The Finance Minister’s address praised SPML’s role in producing safe currency, coins, passports and other sovereign products; nuclear weapons were not mentioned, making option 4 the correct answer. Options 1–3 were explicitly cited in the minister’s remarks.
🏛️ Historical Twin PYQ Anchor (2021)
Consider the following statements regarding the "National Clean Air Programme (NCAP)": 1. It is implemented by the Ministry of Environment, Forest and Climate Change. 2. Central Pollution Control Board acts as the sole regulatory executive body.