NB Explains | All you need to know about 'Special Rs 75 coin', which govt to launch to mark New Parliament’s inauguration

 

“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,” a gazette notification by the Finance Ministry said.

 

 

It should be noted that Prime Minister Narendra Modi is scheduled to inaugurate the new Parliament building on May 28.

 

 

The coin will have a circular shape with a diameter of 44 millimetres. The standard weight of the coin will be 35 grams. It will have 200 serrations. The metal composition will be a quaternary alloy with a composition of silver (50 per cent), copper (40 per cent), nickel (05 per cent) and zinc (05 per cent).

 

The coin will have the inscription ‘Parliament Complex’ with the image of the new building. The inscription “Sansad Sankul” will be written in Devanagari script on the upper periphery while the words “Parliament Complex” in English on the lower periphery of the coin.

 

 

 

The coin will also include the rupee symbol and the denomination value of 75 in international numerals written below the Lion Capital.

 

While the opposite face of the coin shall bear the Lion Capitol of Ashoka Pillar in the centre, with the legend “सत्यमेि जयते” (Satyameva Jayate) inscribed below, flanked on the left periphery with the word “भारत” (Bharat) in Devnagri script and on the right periphery the word “INDIA” in English.

 

The year "2023" will also be inscribed in international numerals below the image of the Parliament Complex.

 

While as many as 25 parties are expected to attend the ceremony, at least 20 opposition parties have decided to boycott the event.