Posts

Showing posts from January, 2019

Why Don't ₹10 Coins Have Takers?

Image
Many people are unaware that the first ₹10 coin was minted in 1969, featuring Mahatma Gandhi , followed by commemoratives for FAO in 1970 and 1971 , and the 25th anniversary of independence . Although these were circulating commemorative coins , they were crafted from silver and released in limited quantities. In 2005, the Bi-Metallic ₹10 coins were introduced, initially met with disapproval in India due to perceived poor quality. The prevailing mindset and the convenience of using banknotes hindered the transition to coins, especially since banknotes were abundantly available, including newly designed ones. The cost of ₹10 Bi-Metallic coins is lower, almost comparable to ₹5 Nickel-Brass coins. This prompted the rejection of the coin's intrinsic value, as they couldn't be sold for melting in the grey market. Consequently, some entities began producing small quantities of duplicates, comprising around 1-2% of the total coins minted. These coins predominantly circulate in tea sh

TN Chief Minister Releases MGR Commemorative Coin

Image
The Chief Minister of Tamil Nadu, Shri K. Palaniswami, and Deputy Chief Minister, Shri O. Paneerselvam, along with other dignitaries, released commemorative coins of ₹100 and ₹5 today to mark the 102nd Birth Anniversary of former Chief Minister Dr. M.G. Ramachandran . The release event took place at the Tamil Nadu Dr. MGR Medical University Complex, Chennai. As part of the birth anniversary celebrations, a "Dr MGR Centenary Arch," spanning 66 feet in width and standing at a height of 52 feet, was unveiled. The arch is prominently located across the arterial Kamarajar road, adjacent to the renowned Marina beach in the city. AIADMK workers, led by Puducherry secretary P Purushothaman and party MLAs A Anbalagan, A Baskar, and Vayyapuri Manikandan, paid homage with floral tributes at a statue of MGR situated at the party headquarters. The day followed the customary observances, featuring portraits of MGR adorned with flowers positioned at street corners and the playing of songs

New Definitive Coin Series Might Release Soon

Image
The Government of India is poised to announce the introduction of a new definitive coin series , which will circulate alongside the existing coins that have been issued. Speculations suggest that the new series will encompass themes such as "Digital India," "Swachh Bharat," "Beti Padhao Beti Bachao," and "Make in India." As part of this initiative, the government is expected to release a 20 Rs coin within the new series, and there may be additional newly issued circulating commemorative coins featuring a denomination of 20 Rupees. An official announcement is anticipated within the next couple of months, providing more details and clarity on this upcoming development. However, confirmation will only be secured after the issuance of a gazette notification from the Ministry of Finance.

PM Modi Releases ₹350 Coin of Shri Guru Gobind Singh

Image
The Prime Minister Narendra Modi released a commemorative coin of Rs. 350 in the national capital today, marking the birth anniversary celebrations of Guru Gobind Singh Ji . Addressing a select gathering at his residence, 7 Lok Kalyan Marg, after the coin release, the Prime Minister praised the lofty ideals and values of Guru Gobind Singh Ji. He highlighted the Guru's selfless service to humanity, devotion, heroism, and sacrifice, urging people to follow his path. In his address, Mr. Modi described Guru Gobind Singh Ji as a multifaceted personality – a great warrior, philosopher, poet, and guru. He emphasized the Guru's courageous stand against oppression and injustice, noting that his teachings focused on breaking barriers of religion and caste. The Prime Minister underscored that Guru Gobind Singh Ji's message of love, peace, and sacrifice remains relevant in contemporary times. Mr. Modi expressed the belief that Guru Gobind Singh Ji's values and teachings would cont

PM Modi to Release Rs 350 Coin of Guru Gobind Singh Today

Image
The Prime Minister Narendra Modi is set to release a commemorative coin in honour of Guru Gobind Singh Ji on January 13, 2019, at 7 Lok Kalyan Marg, New Delhi, marking the Birth Anniversary of the revered spiritual leader. The Prime Minister will also address a select gathering during this significant event. Guru Gobind Singh Ji, the Tenth Guru of Sikhs, has been a profound source of inspiration for many, with his teachings and ideals leaving a lasting impact. Prime Minister Narendra Modi had previously participated in the 350th birth anniversary celebrations of Shri Guru Gobind Singh Ji Maharaj in Patna on January 5, 2017. On that occasion, he released a commemorative postage stamp to honor the revered Guru. During his address, the Prime Minister highlighted Guru Gobind Singh's unique efforts to unite the country through the Khalsa sect, emphasizing that the five PanchPyaras belonged to different parts of India. He underscored the Guru's commitment to placing knowledge at th

Mumbai Mint Opens Bookings for Atal Bihari Vajpayee and Paika Bidroha Coins

Image
The India Government Mint, Mumbai, has opened bookings for commemorative coins issued on occasion of the Birth Anniversary of Atal Bihari Vajpayee and the Bi-Centenary of Paika Bidroha in Proof and UNC Sets. The booking period is from January 4, 2019, to April 4, 2019. The commemorative coin sets are available for purchase, with the Proof Set priced at ₹2825 and the UNC Set priced at ₹2615. These sets can be conveniently booked either online through the India Government Mint website or offline by sending a Demand Draft. Ordering coins directly from the India Mint is recommended, especially for those who are new to the process of purchasing these coins online or offline.