2017  
  2016  
  2015  
  2014  
  2013  
  2012  
  2011  
  2010  
  2009  
  2008  
  2007  
  2006  
Introducing ten rupees coins
MADHU AGRAWAL | 11 Apr 2009

Weight and size of coins can be largely reduced to be pocket-friendly and to save on minting costs. Coins should be of weights in complete gms so that they can be conveniently used as weight-scales as was the system in yesteryears.

IT REFERS to the introduction of 27-mms coins in new denomination of rupees ten having the uncomfortable heavy weight of 7.71 gms. With coins up to denomination of 25 paise already discontinued from being minted, weight and size of coins can be largely reduced to become pocket-friendly and save on minting costs. Coins should be of weights in complete gms rather than being in fractions too, so that coins may be conveniently used as weight-scales too as was the system in yesteryears.

A survey had revealed that Rs 20 denomination notes never gained popularity, this being the reason for not introducing Rs 200 denomination notes. Likewise two-rupees coins should be discontinued from being minted, concentrating on availability of coins in denominations of rupees one, five and 10. Presently many a times, shopkeepers give unwanted items like candies etc in place of one-rupee coins because banks force to accept coin-bags of rupees two because of unavailability of one-rupee coin-bags.

Likewise with currency-notes up to denominations of rupees five discontinued to be printed. Currency-printing cost should also be reduced by reducing the sizes of notes. People are forced to accept new packs of unpopular 20 rupee notes in absence of required 10-rupee notes. Continuation of unpopular denomination also results in ultimate increased printing expenses of notes. Reserve bank of India (RBI) should discontinue printing of 20 rupee notes.