By CA Manoj Kohli 23rd Feb.,2011 For the first time in the country’s minting history, government will issue coins of Rs 150, marking the number of years of taxation in India.
The special coins, to be released by Finance Minister Pranab Mukherjee 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.
150 Rs Coin to released on Budget Day By Finance Minister This is the first time that coins of Rs 150 denomination are being minted by the government. The Department of Economic Affairs under the Finance Ministry recently notified the order.
The Rs 150 coin , made of an alloy of Silver, Copper, Nickel and Zinc, will have an international design with ‘Satyameva Jayate’ and ‘India’ on the front side while a portrait of ‘Chanakya and lotus with honeybee’ on the reverse side.