Money & Banking

Rs 150-coin on I-T department's 150 years

| Updated on: Feb 23, 2011

For the first time in the country's minting history, the Government will issue coins of Rs 150 denomination, marking the number of years of taxation in India.

The special coins, to be released by the Finance Minister, Mr Pranab Mukherjee, before his Budget speech, will also be brought out in Rs 5 denomination on 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. 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, with a portrait of Chanakya and lotus with honeybee on the reverse side.

The Rs 5 coins will also be minted similarly. While 200 coins will be minted in Rs 150 denomination, 100 such coins of Rs 5 will be issued.

Published on February 23, 2011

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