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India Coin News (ICN) Features All The Latest News & Discussions About Republic Of India Coins

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Rani Gaidinliu Commemorative Coins

Posted on January 26, 2015 at 9:30 PM Comments comments (0)

Freedom fighter Rani Gaidinliu was Monday remembered on her 100th birth anniversary at a function held at Congress Bhavan, Imphal.

The function was organized by Manipur Pradesh Congress Committee at the party office. Party members along with deputy chief minister Gaikhangam offered floral tribute to the late freedom fighter. Rani Gaidinliu was not only a great leader of Zeliangrong tribe but also a fearless leader of Manipur who fought against the British colonial rule in Manipur. Rani Gaidinliu was born on 26th January 1915 at Nungkao village of Manipur’s of Tamenglong district. At the tender age of 13, she joined the agitation against the British.

In 1932, she was arrested and put behind bars for life. For her bravery, she was given the title ‘Rani’ by India’s first Prime Minister Pandit Jawaharlal Nehru. The government of India honoured her prestigious Padma - Bhushan award in 1993.

On the occasion, Gaikhangam said it was a great pride for the people of Manipur that government of India was releasing coins denoting Rani Gaidinliu. The denominations of coins of Rs 100 and Rs 5 were being released Monday by the Union government to commemorate the birth centenary of Rani Gaidinliu.

The five rupees coin would be for general circulation, said a release of the Manipur Information Centre (MIC), New Delhi.

RBI Chief Raghuram Rajan Conferred Central Banker of the Year Award.

Posted on January 13, 2015 at 8:10 PM Comments comments (0)

RBI chief Raghuram Rajan has been named as the "governor of the year" in the Central Banking Awards for 2015 by a British magazine for "his deep understanding of the root causes of economic problems of the country combined with an impressive leadership style."

The British magazine Central Banking, announcing the name of Rajan as the Governor Of The Year said, "Rajan's disciplined and focussed approach in leading the Reserve Bank during his first year as Governor was remarkably impressive.

This is the second award by the London-based magazine and will be presented in the British capital on March 12.

"Although there is still much to do, his decisive policy actions based on robust analysis and deep understanding of the underlying causes has contributed significantly to changing perceptions about the strength of the Indian economy," Central Banking Editor Christopher Jeffery said in a statement issued from London.

It further noted Rajan, who was the chief economist of IMF and a well-known economist and author's forthright observations about some of the less welcome developments in the global economic, financial and monetary system also represent an important voice for change.

"His insights combined with his strong leadership skills make Rajan an inspirational figure in the central banking community," Jeffery said, adding Rajan has enjoyed a trail-blazing first year as RBI governor.

In accepting the award, Rajan said, "I am honoured to be named governor of the year by the magazine. This is a recognition of the part the Reserve Bank and its staff have been playing in bringing macroeconomic stability to our economy, in creating more competition and new growth opportunities in the banking and financial markets, as well as in expanding financial inclusion.

"Of course, no central bank works alone. The important role played by the government in maintaining fiscal discipline, in initiating growth-friendly structural reforms and in launching ambitious new financial sector programmes such as rolling out bank accounts for all, has been critical to any success the economy has had, and is likely to have.

"Moreover, all our collective efforts should be seen as work in progress -- inflation has to be fully tamed, growth has to be brought back to potential and the banking system cleaned of distressed assets, even while we build the platform for the financial sector to support strong and sustainable growth.

"But I am convinced we are moving in the right direction and believe developments will affirm this," Rajan said.


Source: PTI

Mahatma Gandhi's 'Return From South Africa' Commemorative Coins

Posted on January 7, 2015 at 8:25 PM Comments comments (0)

The Prime Minister, Narendra Modi releasing special postage stamps and coins to commemorate 100 years of Mahatma Gandhi's homecoming from South Africa, at the 13th 'Pravasi Bharatiya Divas', in Gandhinagar, Gujarat today.

The coins are of denomination of ₹100 and ₹10, while the stamps are of value of ₹25 and ₹5.

Bharat Heavy Electricals Ltd. (BHEL) Golden Jubilee Coins

Posted on January 7, 2015 at 8:30 AM Comments comments (0)

Commemorative coins of Rs.50 and Rs.5 denomination have been issued by Govt. of India on the occasion of Bharat Heavy Electricals Ltd. (BHEL)’s Golden Jubilee on January 7th.

The coins were released at a glittering ceremony by Sh. Anant Geete, Hon'ble Union Minister of Heavy Industries & Public Enterprises in the presence of Sh. G.M. Siddeshwara, Hon'ble Union Minister of State for Heavy Industries & Public Enterprises. Dr. R.S. Katoch, Secretary, Heavy Industry and Sh. B. Prasada Rao, CMD, BHEL were also present on the occasion.

175th Birth Anniversary of Jamsetji Nusserwanji Tata

Posted on January 6, 2015 at 8:25 PM Comments comments (0)

The Prime Minister Narendra Modi released commemorative coins on Tuesday to mark the 175th birth anniversary of Tata group founder Jamsetji Nusserwanji Tata.

The coins are of the denominations of ₹100 and ₹5. The reverse face of the coin bears the image of Jamsetji Nusserwanji Tata in the centre, with the inscription "175 वा जन्मदिवस" in Devnagri script on the left upper periphery, "175TH BIRTH ANNIVERSARY" on the left lower periphery, "जमशेटजी नसरवानजी टाटा" in Devnagri script on the right upper periphery, and "JAMSETJI NUSSERWANJI TATA" in English on the right lower periphery. The period "1839-2014" is inscribed below the picture of Jamsetji Nusserwanji Tata.

Happy New Year

Posted on December 31, 2014 at 8:20 PM Comments comments (0)

Stricking of Coins in Ancient India

Posted on December 24, 2014 at 8:20 PM Comments comments (0)

It is nowhere recorded in the extant literature how coins were manufactured in ancient India. However, Chanakya, the minister of Chandragupta Maurya, has referred in a passage to the counterfeiters of coins (Kutarupakaraka) in his Arthashastra, the book of state-craft, which was compiled in the 4th century B.C.

Therein, he has given a list of objects that were used in the manufacture of coins. Metals was first melted in cubicles (musha) and purified with alkalis (kshara). It was then beaten into sheets on an anvil (adhikarni) with a hammer (mushtika), cut into pieces with clippers (sandansa) and finally stamped with dies or punches having symbols (bimba-tanka).

Except for the automatic devices, almost the same process is used even today in the manufacture of coins in mints. The actual coins of the period also show that they were cut and clipped to adjust them into proper weights.