Skip to main content

Government announces all new Rs 100 coin, here's what we know

 


Government announces all new Rs 100 coin, here's what we know

12 Sep. 21:01

In a big announcement coming from the Finance Ministry of India, coins of Rs 100 will be introduced in the country for the first time ever in its history. The new coin will be launched to mark the birth anniversary of MG Ramachandran, founder of Tamil Nadu-based political party AIADMK.

The Ministry of Finance released a statement on Monday notifying that the new Rs 100 coin as well as coin of Rs 5 will be introduced soon by Reserve Bank of India.

The statement further read that the circular Rs 100 coin will be 44 mm in diameter with Lion Capitol of Ashoka Pillar (picture), Satyamev Jayte (text) and Bharat (text in Devnagri script) engraved on the face of it.

The backside of the coin will have the portrait of MG Ramachandran and it will weigh around 35 grams.

The highest denomination coin in circulation right now in the country is Rs 10 which weighs around 7.7 grams and has a diameter of 27 mm.

Since denotifying Rs 500 and Rs 1000, Narendra Modi-led BJP government has introduced a host of new currencies. After launching new Rs 2000 and Rs 500 notes earlier this year, RBI recently pushed all new Rs 200 note along with new Rs 50 note into circulation.

Comments

Popular posts from this blog

OnePlus 5T Rumours: Release Date, UK Price, Features & Specifications

OnePlus 5T Rumours: Release Date, UK Price, Features & Specifications  18 Oct. 2017 21:44 OnePlus 5T could be announced on 5 November. We round-up the rumours on the new OnePlus 5T specifications, features, price and UK launch date. We’ve seen a ’T’ suffixed OnePlus before in the  OnePlus 3T . That phone arrived six months after the OnePlus 3, so the timing is right here for a successor to the  OnePlus 5  in the OnePlus 5T. However, rumours of a  leaked event invite  for 5 November have been confirmed false by OnePlus. The original T model OnePlus in essence gave the handset a speed boost, moving from the 2.2GHz Snapdragon 820 in the OnePlus 3 to the 2.35GHz Snapdragon 821 in the 3T. The new chip offered a 10 percent performance boost. OnePlus also upgraded the selfie camera from an 8Mp model to a 16Mp version that performed better in low light, and it increased the battery capacity from 3000mAh to 3400mAh. A new 128GB stor...

It departments seized 650 Crore from Cafe Coffee day’s owner Siddhartha!

  IT departments seized 650 Crore from Cafe Coffee day’s owner Siddhartha! 25 Sep. 17:46 IT departments seized 650 Crore from Cafe Coffee day’s owner Siddhartha!  :- Well, as per the sources reports, IT officials find 650 Crore from a BJP leader Krishna’s son-in-law’s house. The Income-tax Department seized the money as they were informed about some black money in his house. Also, the sources are saying that currently, anybody from the house is not saying anything because they all are exposed. A senior tax officer said “Documents seized from the search operations at 25 places of Cafe Coffee Day and its group companies in Karnataka, Mumbai, and Chennai have revealed concealed income of over Rs 650 crore,” Also, the reports are saying that department raided on 25 properties connected to VG Siddhartha began on Thursday. Also, the raided held in the state capital, Hassan, Chikmagalur, Chennai, and Mumbai. IT departments seized 65...

Rising food prices push India's August retail inflation to five-month high

  Rising food prices push India's August retail inflation to five-month high India 13 Sep. 09:01 India’s consumer price inflation rose more than expected to a five-month high in August, fueled by strong gains in prices of food items, dampening chances of a rate cut by the central bank in a policy review next month amid weak economic growth. India’s consumer price index (CPI) INCPIY=ECI rose 3.36 percent in August from a year earlier, data released by the Ministry of Statistics on Tuesday showed. Analysts polled by Reuters had expected CPI inflation would edge up to 3.20 percent, compared with 2.36 percent in July. Last month, the Reserve Bank of India (RBI) cut its main policy rate by 25 basis points to 6 percent, the lowest since 2010, while keeping its policy stance at “neutral”. Analysts said a rise in inflation for two straight months has reduced the chances of another rate cut by the Reserve Bank of India, which has a central inflation tar...