NEW 150 COIN WILL BE INTRODUCED......
New Delhi:For the first time in the country's minting history, government will issue coins of Rs 150 denomination, marking the number of years of taxation in India.
The special coins, to be released by Finance Minister Pranab Mukherjee(now president) before his Budget speech, will also be brought out in Rs 5 denomination on the occasion of completion of 150 years, from 1860 to 2010, of the Income Tax department.
"The Income Tax department celebrated 150 years of taxation in the country last year and that the coins, especially the one in Rs 150 denomination will be minted for the first time," a senior I-T official said.
This coin is of 35 grams. It consists of 50% silver, 40% copper, 5% nickel and 5% zinc. Ashoka symbol is made on the upper side of the coin along with 'Satyamev Jayate' engraved upon it. As a whole, upper side of the coin is similar or other coins. But the lower side of the coin has picture of Ravindranath Tagore.
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