Skip to content
Search

Latest Stories

India announces Rs 20 coin for first time

ALMOST 10 years after the issue of the Rs 10 coin, the Indian government today (7) announced a new coin in the denomination of Rs 20 for the first time.

The coin will be shaped like a 12-edged polygon with a design of grains to denote farm dominance in the country.


A new series of one, two, five, and ten rupee coins too will also be minted, which will be circular in design and have denominations written in the Devnagri script.

"These coins contain design features which will be of great assistance to visually impaired persons," the country’s finance minister, Arun Jaitley, tweeted.

The date of issuance of the new series of coins is yet to be announced.

The Rs 20 coin will weigh 8.54 grams and its outside diameter will be 27 millimetres with the outer ring made of nickel silver and the centre piece of nickel brass, a finance ministry notification said.

The face of the new Rs 20 coin shall bear the 'Lion Capitol of Ashoka Pillar' with 'Satyameva Jayate' (Truth alone triumphs) inscribed below.

The left periphery of the new coin will have the word 'Bharat' (India) in Hindi and the right periphery will have the word 'India' in English whereas the reverse side will showcase the denominational value '20' in the international numerals along with the rupee symbol.

The year of minting in international numerals shall be shown on centre of left periphery of the coin.

More For You

JLR-Tata-Getty

JLR had initially planned to manufacture more than 70,000 electric vehicles at the facility. (Photo: Getty Images)

JLR halts plan to build EVs at Tata’s India plant: Report

JAGUAR LAND ROVER (JLR) has put on hold plans to manufacture electric vehicles at Tata Motors’ upcoming £775 million factory in southern India, according to a news report.

The decision was influenced by challenges in balancing price and quality for locally sourced EV components, three of the sources said. They added that slowing demand for electric vehicles was also a factor.

Keep ReadingShow less
Government to abolish payments regulator to boost growth

Keir Starmer (R) and Rachel Reeves host an investment roundtable discussion with members of the BlackRock executive board at 10 Downing Street on November 21, 2024 in London, England. (Photo by Frank Augstein - WPA Pool/Getty Images)

Government to abolish payments regulator to boost growth

PAYMENTS REGULATOR will be abolished and its remit absorbed by another financial regulator, the government said on Tuesday (11), as it aims to cut red tape in favour of growth.

The Payment Systems Regulator (PSR), which oversees systems including MasterCard and bank transfers, tackles problems such as fraud, excessive fees and lack of competition among banks and payment providers.

Keep ReadingShow less
Boohoo

Boohoo’s shares, which have fallen by about 20 per cent this year, dropped 4 per cent on Tuesday. (Photo: Getty Images)

Boohoo rebrands as Debenhams after 21 per cent sales drop

BOOHOO has rebranded itself as Debenhams Group after sales from its young fashion brands, including Boohoo, MAN, and PrettyLittleThing, declined by 21 per cent to £947 million.

The move comes amid strong competition from Shein and a shift towards second-hand clothing among younger shoppers, The Guardian reported.

Keep ReadingShow less