Centre to launch a special Rs 75 on the occasion of inauguration of the New Parliament building.
The Ministry of Finance on Thursday announced that a special Rs 75 coin will be launched to mark the inauguration of the new parliament building.
“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 the inauguration of the New Parliament Building,” said the finance ministry.
One side of the commemorative coin will reportedly feature the Lion Capital of the Ashoka Pillar, with the words "Satyamev Jayate" below it. Apart from this, the word "Bharat" will be written in Devanagari script on the left side, and the word "India" in English on the right. The coin will also have the rupee symbol and the denomination value of 75 in international numerals written below the Lion Capital.
On the other hand, the other side of the coin will feature an image of the parliament complex where the words "Sansad Sankul" will be written in Devanagari script on the upper periphery and "Parliament Complex" in English on the lower periphery.
The coin like most of the other existing coins will be circular in shape with a diameter of 44 millimeters and have 200 serrations along its edges. The 35-gram coin will be made from a four-part alloy, which includes 50% silver, 40% copper, 5% nickel, and 5% zinc.
These special coins also called commemorative coins unlike currency notes and coins are not used in general circulation but are launched to commemorate special events.
According to reports, this is not the first time a Rs 75 coin has been launched to commemorate an occasion. Earlier, in October 2020, a Rs 75 was released to mark the 75th anniversary of the Food and Agriculture Organisation (FAO).
Meanwhile, 19 opposition parties in a joint statement stated they will boycott the inauguration ceremony of the New Parliament building saying the PM is completely sidelining the President of the country, Droupadi Murmu.
They further said, this is not only “a grave insult but also direct assault on the democracy which demands a commensurate response.”
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