1. Rs 100 coin is coming; it will be introduced to commemorate birth centenary of MG Ramachandran

Rs 100 coin is coming; it will be introduced to commemorate birth centenary of MG Ramachandran

In a major development, Finance Ministry on Tuesday issued a notification about the introduction of Rs 100 coin.

By: | Updated: September 12, 2017 10:37 PM
Rs 100 coin, rbi, new rs 100 coin, Dr MG Ramachandaran, MGR, birth centenary of Dr MG Ramachandaran, Finance Ministry, new 100 coin, 100 coin, 100 coin pic, Rs 100 coin is a big news for people as so far in coins, there were only Rs 1, 2, 5 and Rs 10 being distributed in India. (IE photo)

In a major development, Finance Ministry on Tuesday issued a notification about the introduction of Rs 100 coin. According to news agency ANI, the Rs 100 coin will be introduced to commemorate the birth centenary of Dr MG Ramachandran. News agency PTI reports that along with Rs 100, Rs 5 coin will also be issued by the government. As per the report, the coins will bear MGR’s portrait in the centre along with the inscription ‘DR M G Ramachandran Birth Centenary’ on the lower periphery.  The same will also be marked on the upper periphery in Devnagari script. The notification said that the year ‘1917-2017’ will be flanked below the portrait of Dr M G Ramachandran. The coins will also bear the Lion Capital of Ashoka Pillar in the centre with the inscription ‘Satyamev Jayte’ on the obverse side.  The Rs 100 coin will weigh around 35 grams, while Rs 5 coins will weigh 6 grams.

The new Rs 100 coin will be made of silver (50 per cent), copper (40 per cent), nickel (5 per cent) and zinc (5 percent), while Rs 5 coin will be made of copper (75 per cent), zinc (20 per cent) and nickel (5 per cent). Ramachandran, popularly known as ‘MGR’, was the founder of All India Anna Dravida Munnetra Kazhagam (AIADMK) party, currently ruling in Tamil Nadu. A film actor and a three-time Chief Minister, he was awarded the Bharat Ratna posthumously in 1988.

 

  1. C
    Chad Raker
    Sep 17, 2017 at 8:00 am
    Wow more messing with money? The ill effects of demonetization are still being felt al over. When will it end? : edtimes /2017/09/indian-government-to-introduce-rs-100-coin-soon/
    Reply
    1. K
      KRV Naick
      Sep 13, 2017 at 6:42 pm
      In 2017 issuance of coins for 100 years is accused as a gimmick to garner Tamilnadu votes! Bout when the person was POSTHUMOUSLY given BHARATH RATNA, kept his statute in Parliament complex,Issued Rs Five coin everything by almost after a decade of his death was more conspicuous as a Vote catching/support catching from Jaya Lalitha as the relations of Copngress led by Indira was at logger heads after dismissal of Karuna Govt (DMK)! If such action was warranted then, why honouring a person who was BHARATH RATNA, one of the few other Gandhi Family and perhaps only politician from south to get it! By the way I am neither a Dravidian nor a fan of MGR!
      Reply
      1. D
        Dr T V Gopalakrishnan
        Sep 13, 2017 at 12:53 am
        Another Political Gimmicks being played to please TN electorate. Will it help is a major question. Wait for 2019 election.
        Reply
        1. S
          S N R
          Sep 12, 2017 at 9:39 pm
          Will it not help ders to store black money more easily than in the form of currency, without the fear of decay? Or is it a step towards acheving cash less economy.
          Reply
          1. A
            Anwar
            Sep 12, 2017 at 9:38 pm
            Maser stroke to get a foot hold in Tamil Nadu????
            Reply
            1. V
              V.BhagirathKumar
              Sep 12, 2017 at 9:24 pm
              Nice to see 100 Rupees coin.
              Reply
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