38.6c New Delhi, India, Thursday, March 28, 2024
Executive

New ₹.125 coins will hit market soon, notified in Gazette of India

By LawStreet News Network      29 June, 2018 12:00 AM      0 Comments
New ₹.125 coins will hit market soon, notified in Gazette of India

The Ministry of Finance on June 28th, 2018 notified the Coinage (Issue of Commemorative coins on the occasion of 125th Birth Anniversary of Prasanta Chandra Mahalanobis) Rules, 2018.

The Central Government has framed the rule in exercise of the powers conferred to it under clauses (d) and (e) of sub-section (2) of section 24 of the Coinage Act, 2011. (Read full Act Here)

As per the formulated rule, which has been notified in the Gazette of India, the coins of the denomination – ₹. 125 and ₹. 5 shall be minted under the authority of the Central Government to commemorate the occasion of 125th Birth Anniversary of statistical genius Prasanta Chandra Mahalanobis.

According to the official statement, Vice President M. Venkaiah Naidu will unveil the coins as a mark of respect to Mahalanobis.

Earlier, in 2007 the government has designated June 29 as Statistics Day to be celebrated every year at the national level.

The day seeks to create public awareness about the significance of statistics in socio-economic planning and policy formulation and to also acknowledge the contribution of Mahalanobis who has set up Ministry of Statistics & Programme Implementation and Indian Statistical Institute (ISI) in 1931.

The theme for Statistics Day this year is 'Quality Assurance in Official Statistics '



Share this article:

User Avatar
About:


Leave a feedback about this
TRENDING NEWS

sc-declines-to-reconsider-judgement-holding-conspiracy-to-be-scheduled-offence-under-pmla-only-if-offence-specifically-mentioned
Trending Judiciary
SC declines to reconsider judgement holding conspiracy to be scheduled offence under PMLA only if offence specifically mentioned [Read Order]

Supreme Court declines review, confirms conspiracy must relate to a scheduled offence under PMLA, dismissing appeal on money laundering charges.

27 March, 2024 07:40 PM
arvind-kejriwals-plea-for-interim-release-rejected-by-delhi-high-court
Trending Judiciary
Arvind Kejriwal's plea for interim release rejected by Delhi High Court [Read Order]

Delhi High Court rejects Arvind Kejriwal's plea for interim release in money laundering case related to liquor policy scam, pending ED's response.

28 March, 2024 10:50 AM

TOP STORIES

global-entertainment-giants-warner-bros-netflix-amazon-get-relief-from-delhi-hc-in-copyright-protection-case
Trending Business
Global entertainment giants Warner Bros, Netflix, Amazon get relief from Delhi HC in copyright protection case

Delhi HC grants relief to global entertainment giants like Netflix, Amazon, Warner Bros, ordering takedown of copyrighted content on rogue websites.

22 March, 2024 12:13 PM
arvind-kejriwal-arrested-can-cm-administer-a-region-while-being-in-jail
Trending Top Stories
Arvind Kejriwal Arrested | Can CM administer a region while being in jail?

Will President's rule be imposed in Delhi after Kejriwal’s arrest? Read the full article to know more.

22 March, 2024 03:16 PM
merely-because-you-are-politician-cant-bypass-statutory-remedies-procedure-sc-refuses-to-consider-bail-by-kavitha
Trending Judiciary
'Merely because you are politician, can't bypass statutory remedies, procedure,' SC refuses to consider bail by Kavitha

Supreme Court denies bail to politician Kavitha in Delhi Liquor Policy Scam; ED alleges Rs 100 crore illegal gratification.

22 March, 2024 03:34 PM
ponmudi-to-be-sworn-in-as-minister-tn-governor-relents-before-sc
Trending Judiciary
Ponmudi to be sworn in as Minister, TN Governor relents before SC

Tamil Nadu Governor relents to Supreme Court's order, agrees to swear in DMK leader K Ponmudi as Minister after court's rap.

22 March, 2024 03:54 PM

ADVERTISEMENT


Join Group

Signup for Our Newsletter

Get Exclusive access to members only content by email