Home India Ministry of Finance Issue of Commemorative coin of denomination of Rs. 150 on th...
Date: 2022-12-09 Category: Extra Ordinary State: Union Government Country: India

Issue of Commemorative coin of denomination of Rs. 150 on the occasion of 150th Birth Anniversary of Sri Aurobindo

Issued by Ministry of Finance · Department of Economic Affairs

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Executive Summary & Key Takeaways

## Policy Analysis Report: Coinage Issue of Commemorative Coin on the Occasion of 150TH BIRTH ANNIVERSARY OF SRI AUROBINDO Rules, 2022 **1. Executive Summary:** This report analyzes the "Coinage Issue of commemorative coin on the occasion of 150TH BIRTH ANNIVERSARY OF SRI AUROBINDO Rules, 2022," a new policy that outlines the specifications for a One Hundred Fifty Rupees (₹150) commemorative coin. The policy details the coin's denomination, dimensions, composition, design, standard weight, and allowable remedies. This report provides an overview of the policy, focusing on its key provisions and likely implications for stakeholders involved in coin minting and numismatics. **2. Introduction:** The purpose of this report is to provide a comprehensive overview of the "Coinage Issue of commemorative coin on the occasion of 150TH BIRTH ANNIVERSARY OF SRI AUROBINDO Rules, 2022," as detailed in the provided government policy text. This report aims to inform relevant stakeholders about the rules and regulations governing the production and characteristics of this specific commemorative coin. **3. Policy Overview:** * This is a **New Policy.** * **Core Objective:** The core objective of this policy is to establish the rules and specifications for the issuance of a commemorative ₹150 coin to mark the 150th Birth Anniversary of Sri Aurobindo. **4. Background and Rationale:** * **(New Policy):** Based on the text, the policy addresses the need to define the parameters for producing a specific commemorative coin. The text indicates that the government is issuing this coin to celebrate the 150th birth anniversary of Sri Aurobindo, likely as a tribute to his life and work. The policy fills the need to specify the legal and technical details surrounding the minting of such a commemorative coin. **5. Key Provisions / Changes:** * **(New Policy):** This policy establishes the following key provisions: * **Denomination:** The coin shall be of One Hundred Fifty Rupees (₹150) denomination. * **Issuing Authority:** The coin will be coined at the Mint under the authority of the Central Government. * **Dimensions and Composition:** The coin is circular with a diameter of 44 millimeters and 200 serrations. Its metal composition is Quaternary Alloy: 50% Silver, 40% Copper, 5% Nickel, and 5% Zinc. * **Design:** * *Obverse:* Features the Lion Capitol of Ashoka Pillar, the word "भारत" in Devnagri script on the left periphery, "INDIA" in English on the right periphery, the Rupee symbol, and the numeral "150" below the Lion Capitol. * *Reverse:* Features a portrait of Sri Aurobindo, the inscription "150 वीं जयंती" in Devnagari script on the upper periphery, "150TH BIRTH ANNIVERSARY OF SRI AUROBINDO" in English on the lower periphery, the years "1872" and "1950" on either side of the portrait, and "2022" at the bottom. * **Standard Weight and Remedy Allowed:** The standard weight is 35 grams. The remedy allowed in composition is ± 11/1000 for Silver content, meaning the Silver content may vary from 498 to 502 per 1000. The remedy allowed in standard weight is ± 0.35 grams, meaning the weight could be from 34.65 grams to 35.35 grams. **6. Target Audience and Stakeholders:** Based on the provided text, the primary target audience and stakeholders are: * **The Mint:** The institution responsible for producing the commemorative coin according to the specifications outlined in the policy. * **The Central Government:** The authority responsible for authorizing the issuance of the coin. * **Numismatists and Coin Collectors:** Individuals and organizations interested in collecting and studying commemorative coins. * **Department of Economic Affairs and Ministry of Finance:** These government bodies are involved in the administration and execution of the policy. **7. Implementation Aspects (Inferred):** * **Responsible Agency/Bodies:** The Central Government (Ministry of Finance, Department of Economic Affairs) and the Mint are the key bodies responsible for implementing this policy. * **Timelines or Procedures:** The policy comes into force on the date of its publication in the Official Gazette (December 9, 2022). The text implies a production process must be undertaken by the Mint to produce the coins according to the specified design and composition. **8. Expected Outcomes / Impact of Changes:** * **(New Policy):** The likely intended outcomes of this policy are: * Successful production and issuance of a commemorative coin honoring Sri Aurobindo's 150th birth anniversary. * Enhancement of numismatic collections and appreciation of Indian history and culture. * Fulfillment of the government's objective to commemorate significant national figures and events through commemorative coins. **9. Conclusion:** The "Coinage Issue of commemorative coin on the occasion of 150TH BIRTH ANNIVERSARY OF SRI AUROBINDO Rules, 2022" provides a clear framework for the minting of a specific commemorative coin. The policy's significance lies in its role in honoring a notable historical figure and providing specific guidelines for the coin's production, design, and material composition, making it a valuable piece for collectors and a symbolic representation of a national anniversary.

Key Entities Referenced

New Delhi: The city where the notification was issued. Coinage Act, 2011: The Act under which the rules for the commemorative coin are made. Central Government: The governing body issuing the rules for the commemorative coin. Coinage Issue of commemorative coin on the occasion of 150TH BIRTH ANNIVERSARY OF SRI AUROBINDO Rules, 2022: The formal name of the rules being established in the notification. One Hundred Fifty Rupees: The denomination of the commemorative coin. 150TH BIRTH ANNIVERSARY OF SRI AUROBINDO: The occasion being commemorated by the coin. Sri Aurobindo: The individual being commemorated on the coin. Lion Capitol of Ashoka Pillar: The image to be placed on the obverse side of the coin. INDIA: The country name to be inscribed on the obverse side of the coin. Ministry of Finance: The ministry responsible for the notification. Department of Economics Affairs: The department within the Ministry of Finance responsible for the notification. Manisha Sinha: The Additional Secretary who signed the notification. Mayapuri, New Delhi: Location of the Government of India Press. Delhi: Location of the Controller of Publications.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-09122022-240948 xxxGIDHxxx CG-DL-E-09122022-240948 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (i) PART II—Section 3—Sub-section (i) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 776] नई दिल्ली, िुक्रिार, दिसम्ब र 9, 2022/अग्रहायण 18, 1944 No. 776] NEW DELHI, FRIDAY, DECEMBER 9, 2022/AGRAHAYANA 18, 1944 जित्त मत्रं ालय (आर्थकि काय िजिभाग) अजधसचू ना नई दिल्ली, 9 दिसम् बर , 2022 सा.का.जन. 869(अ).—केन्द्रीय सरकार, जसक्का-जनमािण अजधजनयम, 2011 (2011 का 11) की धारा 24 की उपधारा (2) के खंड (घ) और खंड (ङ) द्वारा प्रित्त िजियों का प्रयोग करत े हुए, जनम्नजलजखत जनयम बनाती ह,ै अथाित्:- 1. सजं िप्त नाम और प्रारम्भ.- (1) इन जनयमों का संजिप्त नाम जसक्का-जनमािण (श्री अरजिन्द्ि की 150 िीं ियंती के अिसर पर स्ट्मारक जसक्क ा िारी करना) जनयम, 2022 ह।ै (2) ये रािपत्र म ें उनके प्रकािन की तारीख को प्रिृत्त होंगे। 2. जसक्क े का मल्ू यिग.ि- “श्री अरजिन्द्ि की 150 िीं ियंती" के अिसर पर केंरीय सरकार के प्राजधकार के अधीन िारी करने के जलए टकसाल म ें केिल एक सौ पचास रुपय ेमूल्य िग िका जसक्का ढाला िाएगा । 3. जसक्क े की जिमा और सरं चना.- जनयम 2 म ें उजल्लजखत उपरोि मल्ू य िगि का जसक्का, जनम्नजलजखत जिमाओं और संरचना के अनरूु प होगा, अथाित् :- 8198 GI/2022 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] जसक्क े का मूल्य िग ि आकार और बा ह्य व्यास िांतेिार दकनारों की संख्या धात ु संरचना (1) (2) (3) (4) चतुथिक जमश्र धात ु चांिी - 50 प्रजतित िृत्ताकार एक सौ पचास रुपय े 200 तांबा - 40 प्रजतित 44 जमलीमीटर जनदकल - 05 प्रजतित िस्ट्ता - 05 प्रजतित 4. जडज़ाइन.- जसक्क े का जडज़ाइन िह होगा िो इन जनयमों की पहली अनुसूची म ेंयथा जिजनर्िष्टि ह।ै 5. मानक ििन और अनज्ञु ात उपचार .- श्री अरजिन्द्ि की 150 िीं ियंती के अिसर पर स्ट्मरणोत्सि मनाने के जलए उपरोि मूल्यिग ि के ढाल े गए जसक्के का मानक ििन और ऐसे जसक्क े को बनान े म ें अनज्ञु ात उपचार िह होगा िो इन जनयमों की िसू री अनुसूची म ेंयथा जिजनर्िष्टि ह।ै पहली अनसु चू ी (जनयम 4 िेख)ें एक सौ पचास रुपय े अग्र भाग: जसक्क े के मुख भाग पर मध्य म ें अिोक स्ट्तम्भ का ससंह स्ट्तम्भ िीर् ि होगा, जिसके नीच े “सत्यमेि ियत”े लेख उत्कीर्णित होगा, उसकी बाईं पररजध पर िेिनागरी जलजप म ें “भारत” िब्ि और िाईं पररजध पर अग्रं ेिी म ें “INDIA” िब्ि होगा। ससंह स्ट्तम्भ िीर् ि के नीच ेरुपय ेका प्रतीक “₹” और अंतरािष्ट्रीय अंकों म ें मूल्यिग ि “150” भी होगा । पृष्ट भाग: जसक्क े के इस भाग के मध्य म ें श्री अरजिन्द्ि का जचत्र होगा। जसक्क े के उपरी पररजध पर िेिनागरी जलजप म ें “श्री अरजिन्द्ि की 150 िीं ियंती” जलखा होगा और जसक्के की जनचली पररजध पर अग्रं ेिी म ें “150TH BIRTH ANNIVERSARY OF SHRI AUROBINDO” िर्णित होगा। श्री अरजिन्द्ि के जचत्र के बाईं ओर अन्द्तराष्ट्रीय अंको म ें िर् ि “1872” और िाईं ओर िर्ि “1950” जलखा होगा । जचत्र के नीचे अंतरािष्ट्रीय अंको म ें िर्ि ‘2022’ जलखा होगा. िसू री अनसु चू ी (जनयम 5 िेख)ें अनुज्ञात उपचार जसक्क े का मूल्यिग ि मानक ििन संयोिन म ें मानक ििन म ें )1( )2( )3( )4( चांिी के जलए 1/500िां जहस्ट्सा की िृजि 1/100िां जहस्ट्सा की िृजि या एक सौ पचास रुपय े 35 ग्राम या कमी अथाित ् चांिी का अिं प्रजत 1000 कमी अथाति ् ििन 34.65 ग्राम स े म ें498 स े 502 के बीच हो सकेगा। 35.35 ग्राम तक हो सकता ह।ै [फा. स.ं 02/13/2022- जसक्क ा] मनीर्ा जसन्द्हा, अपर सजचि[भाग II—खण् ड 3(i)] भारत का रािपत्र : असाधारण 3 MINISTRY OF FINANCE (Department of Economics Affairs) NOTIFICATION New Delhi, the 9th December, 2022 G.S.R. 869(E).—In exercise of the powers conferred by clauses (d) and (e) of sub-section (2) of section 24 of the Coinage Act, 2011(11 of 2011), the Central Government hereby makes the following rules, namely: - 1. Short title and commencement.- (1) These rules may be called the Coinage (Issue of commemorative coin on the occasion of 150TH BIRTH ANNIVERSARY OF SRI AUROBINDO) Rules, 2022. (2) They shall come into force on the date of their publication in the Official Gazette. 2. Denomination of coin.- The coin of One Hundred Fifty Rupees denomination shall only be coined at the Mint for issue under the authority of the Central Government on the occasion of “150TH BIRTH ANNIVERSARY OF SRI AUROBINDO”. 3. Dimension and composition of coin.- The coin of the above denomination mentioned in rule 2 shall conform to the following dimensions and composition, namely:- Denomination Shape and outside diameter Number of serrations Metal composition of the coin (1) (2) (3) (4) Quaternary Alloy Circular Silver - 50 per cent. One Hundred Fifty 44 millimeter 200 Copper - 40 per cent. Rupees Nickel - 05 per cent. Zinc - 05 per cent. 4. Design.- The design of the coin shall be as specified in the First Schedule of these rules. 5. Standard weight and remedy allowed.- The standard weight of the coin of above denomination coined to commemorate the occasion of 150TH BIRTH ANNIVERSARY OF SRI AUROBINDO and the remedy allowed in making of such coin shall be as specified in the Second Schedule to these rules. First Schedule (See Rule 4) ONE HUNDRED FIFTY RUPEES OBVERSE: This face of the coin shall bear the Lion Capitol of Ashoka Pillar in the centre with the legend “सत्यमेव जयत”े inscribed below, flanked on the left periphery with the word “भारत” in Devnagri script and on the right periphery with the word “INDIA” in English. It shall also bear the Rupee symbol “₹`” and denominational value “150” in the international numerals below the Lion Capitol. REVERSE: This face of coin shall bear the portrait of Sri Aurobindo in the centre of the coin. The inscription “श्री अरववन्द की 150 वीीं जयींती" shall be written in Devnagari script on the upper periphery and the inscription “150TH BIRTH ANNIVERSARY OF SRI AUROBINDO” in English is depicted on the lower periphery of the coin. The year “1872” and “1950” in international numeral shall be written on the left and right side of the portrait of Sri Aurobindo respectively. The year `2022` in International numeral shall be flanked at the bottom of the portrait.4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] Second Schedule (See Rule 5) Remedy allowed Denomination of the Standard weight coin In composition In standard weight (1) (2) (3) (4) 1/500th plus or minus for Silver, that is 1/100th plus or minus, that is to One Hundred Fifty to say, the Silver content may vary say, the weight could be 34.65 35 Grams Rupees from 498 to 502 per 1000. grams to 35.35 grams. [F. No. 02/13/2022-Coin] MANISHA SINHA, Addl. Secy. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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