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Showing posts from April, 2019

New 20 Rupees Banknote Launched by RBI

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The Reserve Bank of India (RBI) is preparing to introduce the new ₹20 banknote in the Mahatma Gandhi New Series, carrying the signature of Shri Shaktikanta Das, Governor of the Reserve Bank of India. This new note continues the RBI’s initiative to modernize India’s currency with enhanced design elements, improved security features, and motifs that highlight the nation’s cultural legacy. The banknote features a vibrant Greenish Yellow base color, harmonized with geometric patterns and refined design elements on both sides. On the reverse, the note prominently depicts the Ellora Caves, celebrating India’s remarkable architectural and cultural heritage. The dimensions of the new ₹20 banknote will be 63 mm × 129 mm, making it compact and easily distinguishable from other denominations. The obverse of the note includes a see-through register with the numeral 20, alongside the denominational numeral २० in Devanagari. At the center is the familiar portrait of Mahatma Gandhi, accompanied by mi...

New Commemorative Coin: ICC World Cup 2019

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The Government of India might consider the issuance of commemorative coins with denominations of ₹1000 and a ₹500 to mark the ICC Cricket World Cup 2019. The ICC Cricket World Cup 2019, the 12th edition of the tournament, is scheduled to be held in England and Wales from May 30 to July 14, 2019. India, a powerhouse in world cricket, has lifted the World Cup twice—first under the captaincy of Kapil Dev in 1983, and again under Mahendra Singh Dhoni in 2011.  A commemorative coin release aligned with the 2019 tournament would therefore serve as a tribute not only to the global cricketing event but also to India’s enduring passion for the sport.  If finalized, this release would be historically significant, as it would mark the first-ever gold coin to be issued in the history of Republic India coinage, making it a landmark moment for collectors and cricket enthusiasts alike. According to early indications, the ₹1000 Gold Coin will measure approximately 18 mm in diameter and will ...

Jallianwala Bagh Massacre Coin Sets at Kolkata Mint Counter

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The India Government Mint, Kolkata, has officially begun issuing the ₹100 commemorative coin released to mark the Centenary of the Jallianwala Bagh Massacre . This development was first confirmed by noted numismatist Mr. Sanjay Kansal, who reported the availability of the coins at the Mint’s counter sale premises. The coin was originally unveiled on April 13, 2019, when the Hon’ble Vice President of India, Shri M. Venkaiah Naidu, visited Jallianwala Bagh in Amritsar to honor the martyrs on the solemn 100th anniversary of the tragic event. During the ceremony, he released both the commemorative coin and a special postage stamp as a tribute to the victims of the massacre — one of the most defining and painful episodes in India’s freedom struggle. Collectors have noted that the Kolkata Mint has issued the coin in multiple packaging formats, offering a variety of presentation styles for numismatists. Interestingly, it has also been observed that the coin is marked as “commiserative” inste...

Govt to Privatise Distribution to End the Glut of Coins

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The India Government Mint has, for quite some time now, been witnessing a growing accumulation of coins that remain unlifted by the Reserve Bank of India (RBI) for circulation. Despite continued production, large volumes of these coins are lying in storage across various minting facilities, resulting in a significant and persistent buildup. The Currency and Coin (C&C) Division under the Ministry of Finance, along with the RBI, has repeatedly raised concerns regarding what they have termed a “reverse flow” of coins — a situation where coins manufactured in substantial volumes are not being transported onwards for circulation at the expected pace. This persistent mismatch between production and lifting has prompted the government to explore alternative strategies, including the possibility of engaging private entities to support coin distribution and transportation. These discussions stem from high annual indents combined with the slow pace at which coin consignments are currently be...

Vice President Releases ₹100 Coin on Jallianwala Bagh Massacre

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The Hon'ble Vice President of India, Shri M. Venkaiah Naidu, released the ₹100 commemorative coin and postage stamp during his visit to Jallianwala Bagh in Amritsar on April 13, 2019, marking the 100th anniversary of one of the goriest tragedies in human history and one of the darkest chapters of British colonial rule in India — the Jallianwala Bagh massacre. The solemn commemoration ceremony, organized by the Ministry of Culture, Government of India, was held to pay homage to the hundreds of innocent men, women, and children who were mercilessly killed on the fateful Baisakhi day of April 13, 1919, when Brigadier General Reginald Dyer ordered indiscriminate firing on a peaceful gathering. Shri Naidu offered his respects by placing a wreath at the revered memorial, honoring the martyrs whose sacrifice ignited a turning point in India’s freedom struggle. In his heartfelt message shared on social media, the Vice President wrote that Jallianwala Bagh stands as an eternal reminder of...

Vice President to Release ₹100 Coin on Jallianwala Bagh Massacre

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The Hon'ble Vice President of India, Shri M. Venkaiah Naidu, will pay solemn homage to the martyrs of the Jallianwala Bagh Massacre on the 100th anniversary of the tragic event at the Jallianwala Bagh Memorial in Amritsar, Punjab, on April 13, 2019. The centenary commemoration marks a deeply significant moment in India’s history, honoring the countless innocent lives that were brutally lost. As part of the remembrance ceremony, Shri Naidu is scheduled to unveil a ₹100 commemorative coin along with a postage stamp dedicated to the martyrs of Jallianwala Bagh. These official releases serve as enduring national tributes to one of the darkest chapters of India’s freedom struggle, symbolizing the nation’s collective memory and respect. The Jallianwala Bagh massacre occurred on April 13, 1919, when peaceful citizens—men, women, and children—had gathered to attend a public meeting. Without warning, Brigadier General Reginald Dyer ordered his troops to block the sole exit and open fire i...