Who wrote this article?

Deepak Shenoy, Capitalmind's research team.

Rs. 150 Coins Will Be Here

23 Feb 2011Deepak Shenoy1 min read

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What is "Rs. 150 Coins Will Be Here" about?
What category is this article in?: General
Who wrote this article?: Deepak Shenoy, Capitalmind's research team.
When was this article published?: Published 23 February 2011.
How long does this article take to read?: 1 min read

Inflation is really really getting to us. The government will issue coins of Rs. 150, it seems.

For the first time in the country’s minting history, government will issue coins of Rs 150, marking the number of years of taxation in India. The special coins, to be released by Finance Minister Pranab Mukherjee before his Budget speech, will also be brought out in Rs 5 denomination on the occasion of completion of 150 years, from 1860 to 2010, of the Income Tax department. This is the first time that coins of Rs 150 denomination are being minted by the government. The Department of Economic Affairs under the Finance Ministry recently notified the order. The Rs 150 coin, made of an alloy of Silver, Copper, Nickel and Zinc, will have an international design with ”Satyameva Jayate” and ”India” on the front side while a portrait of ”Chanakya and lotus with honeybee” on the reverse side.

I imagine the honeybee is to indicate how much it hurts to have to pay Rs. 150 with coins.

(I’m just kidding.There are just 200 such coins, no big deal!)