Goverment set to introduce Rs 100 coins soon
The Centre is all set to roll out Rs 100 cash for the primary time within the nation.
The Ministry of Finance on Monday issued a notification relating to the introduction of Rs 100 cash to commemorate the beginning centenary of AIADMK founder Dr MG Ramachandaran and famend Carnatic singer Dr MS Subbulakshmi.
The Reserve Financial institution of India may also challenge new Rs 5 and Rs 10 cash to honour the previous Tamil Nadu chief minister and the Bharat Ratna-winning singer.
“The ministry in train of the powers conferred by clauses (d) and (e) of sub-section (2) of part 24 of the Coinage Act, 2011 (11 of 2011), the Central Authorities, has determined to coined Rs 100 – that are presently distributed in notes kind, and introduce Rs 10 and Rs 5 cash with new options on the Mint for challenge below the authority of the Central Authorities to commemorate the event of Start Centenary of Dr M S Subbulakshmi and Dr MG Ramachandran Start Centenary,” the official notification from the ministry said.
The obverse facet of the coin shall bear the Lion Capitol of Ashoka Pillar within the centre with the legend Satyamev Jayate inscribed under, flanked on the left periphery with the phrase Bharat in Devnagari script and on the proper periphery with the phrase India in English.
It shall additionally bear the Rupee image (₹) and denominational worth “100” in worldwide numerals under the Lion Capitol.
The reverse facet of the coin shall bear the portrait of Dr MS Subbulakshmi within the centre. The inscription Dr MS Subbulakshmi shall be written in Devnagari script on the higher periphery and “Start centenary of Dr MS Subbulakshmi” in English on the decrease periphery of the coin. The 12 months “1916-2016” in worldwide numerals shall be positioned on the coin’s proper periphery.
Within the second design, the face of the coin will bear the portrait of Dr MG Ramachandran within the centre, together with his identify inscribed in Devnagari script on the higher periphery and “Dr M G Ramachandran beginning centenary” in English on the decrease periphery of the coin.