Goverment set to introduce Rs 100 coins soon
The Centre is all set to roll out Rs 100 money for the first time throughout the nation.
The Ministry of Finance on Monday issued a notification regarding the introduction of Rs 100 money to commemorate the start centenary of AIADMK founder Dr MG Ramachandaran and renowned Carnatic singer Dr MS Subbulakshmi.
The Reserve Monetary establishment of India might also problem new Rs 5 and Rs 10 money to honour the earlier Tamil Nadu chief minister and the Bharat Ratna-winning singer.
“The ministry in prepare of the powers conferred by clauses (d) and (e) of sub-section (2) of half 24 of the Coinage Act, 2011 (11 of 2011), the Central Authorities, has decided to coined Rs 100 – which might be presently distributed in notes sort, and introduce Rs 10 and Rs 5 money with new choices on the Mint for problem under the authority of the Central Authorities to commemorate the occasion of Begin Centenary of Dr M S Subbulakshmi and Dr MG Ramachandran Begin Centenary,” the official notification from the ministry mentioned.
The obverse aspect of the coin shall bear the Lion Capitol of Ashoka Pillar throughout the centre with the legend Satyamev Jayate inscribed beneath, flanked on the left periphery with the phrase Bharat in Devnagari script and on the right periphery with the phrase India in English.
It shall moreover bear the Rupee picture (₹) and denominational price “100” in worldwide numerals beneath the Lion Capitol.
The reverse aspect of the coin shall bear the portrait of Dr MS Subbulakshmi throughout the centre. The inscription Dr MS Subbulakshmi shall be written in Devnagari script on the upper periphery and “Begin centenary of Dr MS Subbulakshmi” in English on the lower periphery of the coin. The 12 months “1916-2016” in worldwide numerals shall be positioned on the coin’s correct periphery.
Throughout the second design, the face of the coin will bear the portrait of Dr MG Ramachandran throughout the centre, collectively together with his determine inscribed in Devnagari script on the upper periphery and “Dr M G Ramachandran starting centenary” in English on the lower periphery of the coin.