Production of Rs 10 coins Halted Temporarily on Adequate Stocks

The production of Rs 10 coins has been temporarily halted due to sufficient stocks, as indicated by the Government in a response to the Lok Sabha.


In a written reply dated February 2 and made available today, the Minister of Finance, Shri Arun Jaitley, emphasized that there is no intention to cease the production of coins. He stated, "The production of Rs 10 coins has been halted temporarily as adequate stocks are available." Furthermore, he underscored that there is no discernible decline in the demand for coins in the country.

While assuring the continued availability of coins to meet public demand, the minister highlighted the existence of ample coin stocks. Additionally, Shri Arun Jaitley conveyed that the Reserve Bank of India (RBI) and banks are actively implementing all necessary measures to ensure the accessibility of coins to the public. This includes distribution through counters and 'coin melas,' special events organized specifically for coin distribution. The government is committed to managing the coin supply efficiently, addressing any temporary halts in production, and maintaining a smooth flow of coins in the market.

Comments

Post a Comment

Popular posts from this blog

New Commemorative Coin: Mysore Medical College and Research Institute

Image
The Government of India will issue a ₹100  commemorative coin  to mark the Centenary Celebration of Mysore Medical College and Research Institute . The Ministry of Finance issued a gazette notification on November 25, 2024, confirming this coin. Mysore Medical College and Research Institute (MMC&RI), established in 1924 in Mysuru, Karnataka, is one of India’s oldest medical colleges. Affiliated with Rajiv Gandhi University of Health Sciences, it offers MBBS, postgraduate, and super-specialty courses. Known for academic excellence and attached to hospitals like K.R. and Cheluvamba, MMC&RI combines quality education with essential healthcare services. The  metal composition  of the ₹100 coin will consist of a Quaternary Alloy, comprising 50% Silver, 40% Copper, 5% Nickel, and 5% Zinc. The coin will weigh 35 grams and have a diameter of 44 mm, featuring 200 serrations along the edge. The coin's description is as follows. Obverse:  The face of the ...
Read more

New Commemorative Coin: Birla Institute of Technology and Science, Pilani

Image
The Government of India will issue a  commemorative coin  with a denomination of ₹60 to celebrate the ' Diamond Jubilee of Birla Institute of Technology and Science, Pilani '. The Ministry of Finance issued a gazette notification on November 4, 2024, confirming this coin. Birla Institute of Technology & Science, Pilani (BITS Pilani) is a premier private institution in India known for its excellence in engineering, science, and technology education. Established in 1964, BITS Pilani operates across multiple campuses in Pilani, Goa, Hyderabad, and Dubai, offering undergraduate, postgraduate, and doctoral programs. Known for its rigorous academic curriculum, innovative pedagogy, and strong emphasis on research and industry collaboration, BITS Pilani is among India's top engineering and technology schools. The institute follows a unique “Practice School” program, enabling students to gain valuable industry experience during their studies. The  metal composition  of th...
Read more

Karnataka Governor to Release Coins on Shri Parshvanath Bhagwan

Image
The Governor of Karnataka, Shri Thaawarchand Gehlot, along with Jainacharya Shri Jin Piyush Sagar Surishwarji, will release commemorative coins and postage stamps to celebrate the 2900th Janm Kalyanak and 2800th Nirvan Kalyanak of the 23rd Tirthankara, Shri Parshvanath Bhagwan, at Bhopalgarh, District Jodhpur, Rajasthan, on December 25, 2024. The event is being organized by the Shri Parshwanath Jinalaya Mahabalipuram Tirth Nyas and Shri Ostara Parshwanath Jain Shwetamber Murtipujak Trust. Shri Parshvanath Bhagwan, the 23rd Tirthankara in Jainism, holds a revered place in the faith's history. The 2900th Janm Kalyanak (birth anniversary) and 2800th Nirvan Kalyanak (liberation anniversary) commemorate his spiritual journey and teachings of non-violence, truth, and asceticism. Born in Varanasi to King Ashvasena and Queen Vamadevi, Shri Parshvanath renounced worldly pleasures at the age of 30, attaining Kevala Jnana (omniscience) through intense penance. His legacy of guiding countle...
Read more