Reetu | May 26, 2023 | Views
Breaking: Ministry of Finance to launch Rs.75 coin to mark inauguration of New Parliament Building
The Union Finance Ministry has announced the minting of a unique Rs.75 coin to commemorate the opening of the new Parliament building. This commemorative coin, with the text ‘Parliament Complex’ and an illustration of the new structure, attempts to highlight the momentous occasion. This commemorative coin, which will be released on May 28 at the inauguration event, has symbolic value and acts as a concrete depiction of India’s democratic journey.
The 75 coin will be round in form, having a diameter of 44 millimetres, according to an official statement from the Ministry of Finance. The coin’s edges will include 200 serrations, which will provide an exquisite touch to its overall design. The coin’s metallic composition will be a quaternary alloy of 50% silver, 40% copper, 5% nickel, and 5% zinc.
The Ministry of Finance has issued a notification regarding the Rs.75 coin. The Notification Stated as:-
“In exercise of the powers conferred by clauses (d) and (e) of sub-section (2) of section 24 of the Coinage Act, 2011(11 of 2011), the Central Government hereby makes the following rules.”
These rules may be called the Coinage (Issue of Commemorative Coin on the occasion of Inauguration of New Parliament Building) Rules, 2023. They shall come into force on the date of their publication in the Official Gazette.
Denomination of coin: The coin of Seventy Five Rupees denomination shall be coined at the Mint for issue under the authority of the Central Government on the occasion of Inauguration of New Parliament Building.
Dimension and composition of coin: The coin of the above denomination mentioned in rule 2 shall conform to the following dimensions and composition, namely:-
Design: The design of the coin shall be as specified in the First Schedule
Standard weight and remedy allowed: The standard weight of the coin of above denomination coined to commemorate the occasion of Inauguration of New Parliament Building and the remedy allowed in making of such coin shall be as specified in the Second Schedule.
For Official Notification Download PDF Given Below:
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