View allAll Photos Tagged demonetisation
Rs.2 and Re.1 coins same size, same shape, same weight but different value.
Confusing and not user-friendly.
Needs to be demonetised soon
Often its confusing to know which one is 1 Rupee coin and which one Rs.2 coin.
Even those who handle it on day to day basis like Bus Conductors etc find it confusing
Govt. should sort this inconvenience caused to common man by standardising of Coins denomination by size, shape and or weight.
More read here
joegoauk-pointofview.blogspot.in/2012/01/know-your-curren...
Tu chahe mera gala ghot
Mere khamosh hot
Dance of Democracy
Lotpot ..na chahiye
Tumhare Acche Din
Hum denge NOTA
Ko Vote by
Remote
lakh lagao hamare zakhmi dil par chot ..
yad ati hai woh bank ki lambi line
aur Kambakht demonetised note ..
System main khot
kaun banega Corporator quote unquote ..
Garib ke nasib main nahi Hai 10 lakh Ka Coat ..
Pani hawa Dalmot
neta garibon Ka khoon nichodta Waqt kamina kismet gandu kya kare Ben chod.
#BMCelections
The British decimal fifty pence coin (often shortened to 50p in writing and speech) is a denomination of sterling coinage worth 1⁄2 of one pound. Its obverse features the profile of the current Monarch since the coin's introduction in 1969. As of October 2022, five different royal portraits have been used.
As of March 2013 there were an estimated 920 million 50p coins in circulation.[1] The coin has proved popular with coin collectors leading to numerous differing designs for both commemorative and circulating coins.
Fifty pence coins are legal tender for amounts up to the sum of £10 when offered in repayment of a debt; however, the coin's legal tender status is not normally relevant for everyday transactions.
History
In 1967 the Deputy Master of the Royal Mint approached the Decimal Currency Board to ask for their advice on the introduction of a new coin. The 10-shilling note then in use was lasting only five months and it had been suggested that a coin, which could last fifty years, would be more economical. The problem with this was that all coins are arranged in "tiers", each coin in a tier having the same weight-to-value ratio so that a bag of mixed coins could be weighed to ascertain the value so long as they were all bronze, all silver, etc. Each coin was identified within its tier by its size and each tier had to be capable of being identified by sight and touch. This was achieved in the then-existing sets by the use of different materials ("bronze", "brass" and "silver") with the bronze coins having plain rims, the nickel-brass threepenny bit being 12-sided and the silver coins having milled rims. If the 10-shilling coin was to be made in the same tier as the silver coins it would have to be twice the weight of the Crown (then and now only in use for commemorative coins) and it was generally agreed that that would make it very unpopular and expensive. It would therefore have to be in a new tier of its own.
The Mint could not find a suitable metal which was sufficiently different in colour to the existing coins and which would not tarnish. This last point was thought to be important because the new coin would be the most valuable coin in general circulation in the world (equivalent to £9.65 in 2021). It therefore had to be a different shape; various methods had been used overseas to overcome this problem but none were without drawbacks. A hole through the coin did unacceptable things to the Queen's head (a legal requirement on British coins), and wavy-edged, flat-edged or square coins could not be used in the coin-handling machinery which was then coming into increasing use in industry, banking and vending. To be used in a vending or sorting machine a coin would have to roll under gravity and be capable of being measured without being presented in a special way; in other words it needed a constant breadth at whichever angle it was measured.
The Technical Member (and the only engineer) on the Decimal Currency Board was Hugh Conway, at that time President of the Institution of Mechanical Engineers and Managing Director of Bristol Siddeley Engines, Bristol. He had found in a mathematical textbook a formula for a non-circular shape of constant breadth and asked the design office at Patchway, near Bristol, which normally worked on the engines for aircraft such as Concorde, Vulcan and Harrier to draw out the shape. However, this turned out to be a wavy-edged form with re-entrant sides which would not roll and which could not be measured easily. A designer, Colin Lewis, suggested a much simpler shape which in its basic form is an equilateral triangle with a small circle centred on each apex and with a larger circular arc centred on each apex but tangential to each of the two opposite small circles. Wherever it was measured, the breadth of this shape was one small radius plus one large radius. (The small radius was not strictly necessary to the geometry, but made the shape more practical by removing inconvenient sharp points and reducing the rate of wear, and therefore change of size, in handling.) The number of corners could be any odd number greater than one. A drawing was made to illustrate the proposal which was accepted by Hugh Conway. He chose seven sides as a compromise between too radical a shape, which might not be acceptable to the public, and having too many sides, which would make a shape visually difficult to differentiate from a circle. The shape was drawn out by David Brown and samples made from stainless steel by the Model Shop, together with a section of perspex channel with a bend to demonstrate that the "coin" would roll around corners and drop through gauging slots. The legend "50" was photo-etched (from a master drawn by Ray Gooding) on the faces of the samples since it had already been decided that the new coin would be the first coin of the new Decimal series. As the coin was released before Decimal Day it was initially worth 10/- (and therefore 120d).
When the Decimal Currency Board met none of the other members had any suggestion to make, so when the samples were produced the idea was accepted without opposition.
Design
It was the first seven-sided coin in the world. However, there was some confusion and resistance to the new shape after its release on 14 October 1969, where the coins were mistaken for the decimal 10p and Half crowns, which were both round. A group of "Anti-Heptagonists" regarded the coin as 'ugly' and 'an insult to our sovereign whose image it bears'. Geometrically, the shape of the coin forms an equilateral-curve heptagon, or Reuleaux polygon, a curve of constant width, meaning that the diameter is constant across any bisection.
In 1997 the 50p coin was reduced in both diameter and thickness and the older coins were removed from circulation. The new coin was introduced on 1 September 1997. The old larger coin was demonetised on 28 February 1998. The face designs remained unchanged.
The shape of the original 50p coin was also used for the 20p coin, introduced in 1982, but in a smaller size.
Obverse (Heads)
For Queen Elizabeth II, four different obverses have been used. In all cases, the inscription is ELIZABETH II D.G.REG.F.D. 2013, where 2013 is replaced by the year of minting; some additionally has the denomination, FIFTY PENCE, before the year (as these coins omit the denomination on the reverse entirely).
As with all new decimal currency, until 1984 the portrait of Queen Elizabeth II by Arnold Machin appeared on the obverse,[11] in which the Queen wears the 'Girls of Great Britain and Ireland' Tiara.
Between 1985 and 1997 the portrait by Raphael Maklouf was used, in which the Queen wears the George IV State Diadem.
From 1998 to 2015 the portrait by Ian Rank-Broadley was used, again featuring the tiara, with a signature-mark IRB below the portrait. In 2008 the obverse design was rotated, to match the new reverse design which is displayed with the heptagon point down rather than point up.
From 2015 to 2022, coins bearing the portrait by Jody Clark were issued, which again featured the Diadem.
On 3 October 2022, a commemorative 50p coin was released that was the first to carry the portrait of King Charles III following the death of Elizabeth II. The coin, planned both as part of a commemorative set and for general circulation, featured a copy of the design used on the crown (five-shilling piece) released in 1953 to commemorate the Queen's coronation. The portrait of the King was undertaken by Martin Jennings.
Reverse (Tails)
The reverse of the coin, designed by Christopher Ironside, and used from 1969 to 2008, is a seated Britannia alongside a lion, holding an olive branch in her left hand and a trident in her right, accompanied by either NEW PENCE (1969–1981) or FIFTY PENCE (1982–2008) above Britannia, with the numeral 50 underneath the seated figure. His original but unused design, of the Royal Arms with supporters was released as a variation in 2013.
In August 2005 the Royal Mint launched a competition to find new reverse designs for all circulating coins apart from the £2 coin. The winner, announced in April 2008, was Matthew Dent, whose designs were gradually introduced into the circulating British coinage from mid-2008. The designs for the 1p, 2p, 5p, 10p, 20p and 50p coins depict sections of the Royal Shield that form the whole shield when placed together. The shield in its entirety was featured on the now-obsolete round £1 coin. The 50p coin depicts the lowest point of the Shield, with the words FIFTY PENCE below the point of the shield. The coin's obverse remains unchanged.
In October 2023 the King Charles III fifty-pence coin was presented; the coin features an Atlantic salmon.
I mean wallet made up of money
Demonetised money notes eff 9.11.16.
Rs.500, Rs.1000
Abolished Rs.500, Rs.1000
മോദിജി വാക്കുപാലിച്ചു; ഭാരത് മാതാ കീ ജയ്..!! #icuchalu #currentaffairs #Demonetisation Credits: Anoop Kumar ©ICU , ift.tt/2ikZHSf
In Goa Dec 19.12.16
Old notes of 500 and 100 demonetised eff 9.11.16
more here joegoauk-pointofview.blogspot.in/2012/01/know-your-curren...
Bandra Mornings
21 days national lockdown.
I am the only person in my family that steps out of the house in the mornings to buy fresh bread brun for the kids vegetables and other essential items .
Sliced bread Amul butter cheese is out of stock.
Provision stores are open but they are not ordering fresh stocks .
Rates of fruits vegetables grains pulses is on the steeper side .
There is no exodus of migrants in our area like Delhi .
Shocking to see those videos and images the think tank of Modiji has certainly lost it .
The lockdown is important but its execution and implementation reminds me of the disastrous lines at the banks during demonetisation .
People are minting money selling masks that cost Rs 8 and are being sold for Rs 30 at chemist shops .
Annother two weeks to go ..however people are still roaming on the streets without fear ..even childrenn are moving around .
Our police here in Bandra is very lenient they need to cane a few rogues encouraging jaywalking .
Beggars are having a tough times as the local mosques churches temples are closed .
So the beggars are seen at the market square .
Animals are feeling the aftermath of the lockdown ..stray cats and dpgs .
Milk is being supplied so is gaz cylinders ..some housing societies are making it tough fot the senior citizens.
My beat is Bazar and back I have not gone to the other areas of Bandra .
My work is shut the film studios film making is shut .
What is the news in your area ..how is the lockdown your end chronicle it for the unborn generation .
Create a thread ..
Stay safe stay at home ..bring out the writer and poet in you more forcefully ..
The air is pure for the first time ..nature is smiling ..
A salute to the medicos police and the humble municipal conservancy staff and sanitation workers ragpickers .
#maharashtralockdown
#21dayslockdown
#caronavirus
#covid19
#staysafe
Read my thoughts on YourQuote app at www.yourquote.in/firoze-shakir-bq0x4/quotes/bandra-mornin...
Political Parties and CSOs Criticise Modi Government on its Economic Performance
New Delhi, March 15, 2019: “The BJP, before the 2014 elections, created an illusion of achchhe din. Though they promised to double farmers income, increasing Minimum Support Price (MSP) by 1.5 times, they did opposite everything of what they promised.” said Vijoo Krishnan, Central Committee Member of CPI-M, and Joint Secretary of All India Kisan Sabha, at the at the public meeting titled Rebuilding from an Economic Earthquake at the Constitution Club of India today. “The rural distress reached to the unprecedented levels, which were also aided by the vicious atmosphere of the hate created by the cow-vigilantism,” Krishnan added.
The meeting, jointly organised by Delhi Forum and the Financial Accountability Network India, witnessed Vijoo Krishnan, Central Committee Member of CPI-M, and Joint Secretary of All India Kisan Sabha; Kavita Krishnan, Polit Bureau Member, CPI-ML Liberation; Dr Sunilam, Samajwadi Party; and Dinesh Abrol, Professor, Institute of Studies in Industrial Development looking back and evaluating the performance of the five years of the Narendra Modi government on the economy and the immediate agenda for the next government.
Speaking at the meeting, Dr Sunilam, a senior leader of the Samajwadi Party, claimed that the difference in the Minimum Support Price and the market price of the agricultural products is over Rs 50,000 crore, higher than the Union Agriculture Budget. Similarly, the rise in the oil prices and inflation — and payment of GST on the fertilisers and produce — has also considerably increased the input price.
Kavita Krishnan, a Polit Bureau member of the CPIM-L, remarked: “The last four years witnessed, rising inequality, bank frauds, bank charges, systemic destruction of the institutions like NSSO, and denial of the information on the social spending and other crucial data.” She emphasised, “The only people who got benefitted were the rich, and the PSUs like HAL, BSNL, which were doing financially well, today can’t even pay salaries.” She also extended support to the right to employment and food security as the constitutional right, and the introduction of the wealth tax and inheritance tax for the corporate sector.
Professor Dinesh Abrol observed that the future of the Indian economy and development had been adversely impacted due to the policies of the Modi government. This has resulted in declining household incomes, unemployment etc. Citing the survey done by the All India Manufacturers Organisation (AIMO), Prof Abrol said, “post demonetisation, micro and small enterprises have suffered 35 % job losses and 50 per cent dip in revenues. Likewise, the Economic Survey 2017-18 revealed that the credit disbursed by the banks shows that out of a total outstanding credit of Rs. 26.04 billion as in November 2017, 82.6% of the amount was lent to large enterprises, and MSMEs got only 17.4% of total credit.” All this worsened the unemployment.
About us:
Financial Accountability Network India (FAN India) a collective of civil society organisations, unions, people’s movements and concerned citizens to raise the issues of accountability and transparency of the national financial institutions. It also looks critically at the economic and financial policies that have an impact on the people. Currently, FAN India is involved in campaigning against the bank charges.
Delhi Forum since the seventies has been a support structure for social action groups and peoples’ movements from all over India.
For more information:
Priya Darshini: +91 96546 80488
Anil T Varghese: +91 96500 15257
Écu d’argent de cinq francs de Louis-Philippe, frappé à Nantes en 1834.
Dans une couronne formée d'une branche de laurier à gauche et d'une branche d'olivier à droite 5 / FRANCS / 1834.
Frappé à 2 118 377 exemplaires. L’année 1834 constitue le « chant du cygne » de la production monétaire nantaise. Ceci est dû à l’obligation de porter à l’Hôtel des Monnaies toutes les pièces d’Ancien Régime démonétisées à compter du 31 décembre de cette année.
Exemplaire n° 1584 du trésor de Clisson (Loire-Atlantique)
Composé de 1 645 écus d’argent de 5 francs, soit 45 kg environ, ce trésor était caché dans les fondations d’un appentis. Il fut découvert par hasard lors de travaux de rénovation d’une ancienne maison. Dissimulé vers 1836, ce trésor comprenait logiquement de très nombreuses pièces de l’atelier monétaire voisin : Nantes.
Pour en savoir plus : www.cgb.fr/bn/pdf/bn034.pdf
Écu d’argent de cinq francs de Louis-Philippe, frappé à Nantes en 1834.
LOUIS PHILIPPE I - ROI DES FRANÇAIS ; tête de Louis-Philippe Ier à droite, coiffée d'une couronne de chêne.
Frappé à 2 118 377 exemplaires. L’année 1834 constitue le « chant du cygne » de la production monétaire nantaise. Ceci est dû à l’obligation de porter à l’Hôtel des Monnaies toutes les pièces d’Ancien Régime démonétisées à compter du 31 décembre de cette année.
Exemplaire n° 1584 du trésor de Clisson (Loire-Atlantique)
Composé de 1 645 écus d’argent de 5 francs, soit 45 kg environ, ce trésor était caché dans les fondations d’un appentis. Il fut découvert par hasard lors de travaux de rénovation d’une ancienne maison. Dissimulé vers 1836, ce trésor comprenait logiquement de très nombreuses pièces de l’atelier monétaire voisin : Nantes.
Pour en savoir plus : www.cgb.fr/bn/pdf/bn034.pdf
Political Parties and CSOs Criticise Modi Government on its Economic Performance
New Delhi, March 15, 2019: “The BJP, before the 2014 elections, created an illusion of achchhe din. Though they promised to double farmers income, increasing Minimum Support Price (MSP) by 1.5 times, they did opposite everything of what they promised.” said Vijoo Krishnan, Central Committee Member of CPI-M, and Joint Secretary of All India Kisan Sabha, at the at the public meeting titled Rebuilding from an Economic Earthquake at the Constitution Club of India today. “The rural distress reached to the unprecedented levels, which were also aided by the vicious atmosphere of the hate created by the cow-vigilantism,” Krishnan added.
The meeting, jointly organised by Delhi Forum and the Financial Accountability Network India, witnessed Vijoo Krishnan, Central Committee Member of CPI-M, and Joint Secretary of All India Kisan Sabha; Kavita Krishnan, Polit Bureau Member, CPI-ML Liberation; Dr Sunilam, Samajwadi Party; and Dinesh Abrol, Professor, Institute of Studies in Industrial Development looking back and evaluating the performance of the five years of the Narendra Modi government on the economy and the immediate agenda for the next government.
Speaking at the meeting, Dr Sunilam, a senior leader of the Samajwadi Party, claimed that the difference in the Minimum Support Price and the market price of the agricultural products is over Rs 50,000 crore, higher than the Union Agriculture Budget. Similarly, the rise in the oil prices and inflation — and payment of GST on the fertilisers and produce — has also considerably increased the input price.
Kavita Krishnan, a Polit Bureau member of the CPIM-L, remarked: “The last four years witnessed, rising inequality, bank frauds, bank charges, systemic destruction of the institutions like NSSO, and denial of the information on the social spending and other crucial data.” She emphasised, “The only people who got benefitted were the rich, and the PSUs like HAL, BSNL, which were doing financially well, today can’t even pay salaries.” She also extended support to the right to employment and food security as the constitutional right, and the introduction of the wealth tax and inheritance tax for the corporate sector.
Professor Dinesh Abrol observed that the future of the Indian economy and development had been adversely impacted due to the policies of the Modi government. This has resulted in declining household incomes, unemployment etc. Citing the survey done by the All India Manufacturers Organisation (AIMO), Prof Abrol said, “post demonetisation, micro and small enterprises have suffered 35 % job losses and 50 per cent dip in revenues. Likewise, the Economic Survey 2017-18 revealed that the credit disbursed by the banks shows that out of a total outstanding credit of Rs. 26.04 billion as in November 2017, 82.6% of the amount was lent to large enterprises, and MSMEs got only 17.4% of total credit.” All this worsened the unemployment.
About us:
Financial Accountability Network India (FAN India) a collective of civil society organisations, unions, people’s movements and concerned citizens to raise the issues of accountability and transparency of the national financial institutions. It also looks critically at the economic and financial policies that have an impact on the people. Currently, FAN India is involved in campaigning against the bank charges.
Delhi Forum since the seventies has been a support structure for social action groups and peoples’ movements from all over India.
For more information:
Priya Darshini: +91 96546 80488
Anil T Varghese: +91 96500 15257
Political Parties and CSOs Criticise Modi Government on its Economic Performance
New Delhi, March 15, 2019: “The BJP, before the 2014 elections, created an illusion of achchhe din. Though they promised to double farmers income, increasing Minimum Support Price (MSP) by 1.5 times, they did opposite everything of what they promised.” said Vijoo Krishnan, Central Committee Member of CPI-M, and Joint Secretary of All India Kisan Sabha, at the at the public meeting titled Rebuilding from an Economic Earthquake at the Constitution Club of India today. “The rural distress reached to the unprecedented levels, which were also aided by the vicious atmosphere of the hate created by the cow-vigilantism,” Krishnan added.
The meeting, jointly organised by Delhi Forum and the Financial Accountability Network India, witnessed Vijoo Krishnan, Central Committee Member of CPI-M, and Joint Secretary of All India Kisan Sabha; Kavita Krishnan, Polit Bureau Member, CPI-ML Liberation; Dr Sunilam, Samajwadi Party; and Dinesh Abrol, Professor, Institute of Studies in Industrial Development looking back and evaluating the performance of the five years of the Narendra Modi government on the economy and the immediate agenda for the next government.
Speaking at the meeting, Dr Sunilam, a senior leader of the Samajwadi Party, claimed that the difference in the Minimum Support Price and the market price of the agricultural products is over Rs 50,000 crore, higher than the Union Agriculture Budget. Similarly, the rise in the oil prices and inflation — and payment of GST on the fertilisers and produce — has also considerably increased the input price.
Kavita Krishnan, a Polit Bureau member of the CPIM-L, remarked: “The last four years witnessed, rising inequality, bank frauds, bank charges, systemic destruction of the institutions like NSSO, and denial of the information on the social spending and other crucial data.” She emphasised, “The only people who got benefitted were the rich, and the PSUs like HAL, BSNL, which were doing financially well, today can’t even pay salaries.” She also extended support to the right to employment and food security as the constitutional right, and the introduction of the wealth tax and inheritance tax for the corporate sector.
Professor Dinesh Abrol observed that the future of the Indian economy and development had been adversely impacted due to the policies of the Modi government. This has resulted in declining household incomes, unemployment etc. Citing the survey done by the All India Manufacturers Organisation (AIMO), Prof Abrol said, “post demonetisation, micro and small enterprises have suffered 35 % job losses and 50 per cent dip in revenues. Likewise, the Economic Survey 2017-18 revealed that the credit disbursed by the banks shows that out of a total outstanding credit of Rs. 26.04 billion as in November 2017, 82.6% of the amount was lent to large enterprises, and MSMEs got only 17.4% of total credit.” All this worsened the unemployment.
About us:
Financial Accountability Network India (FAN India) a collective of civil society organisations, unions, people’s movements and concerned citizens to raise the issues of accountability and transparency of the national financial institutions. It also looks critically at the economic and financial policies that have an impact on the people. Currently, FAN India is involved in campaigning against the bank charges.
Delhi Forum since the seventies has been a support structure for social action groups and peoples’ movements from all over India.
For more information:
Priya Darshini: +91 96546 80488
Anil T Varghese: +91 96500 15257
Political Parties and CSOs Criticise Modi Government on its Economic Performance
New Delhi, March 15, 2019: “The BJP, before the 2014 elections, created an illusion of achchhe din. Though they promised to double farmers income, increasing Minimum Support Price (MSP) by 1.5 times, they did opposite everything of what they promised.” said Vijoo Krishnan, Central Committee Member of CPI-M, and Joint Secretary of All India Kisan Sabha, at the at the public meeting titled Rebuilding from an Economic Earthquake at the Constitution Club of India today. “The rural distress reached to the unprecedented levels, which were also aided by the vicious atmosphere of the hate created by the cow-vigilantism,” Krishnan added.
The meeting, jointly organised by Delhi Forum and the Financial Accountability Network India, witnessed Vijoo Krishnan, Central Committee Member of CPI-M, and Joint Secretary of All India Kisan Sabha; Kavita Krishnan, Polit Bureau Member, CPI-ML Liberation; Dr Sunilam, Samajwadi Party; and Dinesh Abrol, Professor, Institute of Studies in Industrial Development looking back and evaluating the performance of the five years of the Narendra Modi government on the economy and the immediate agenda for the next government.
Speaking at the meeting, Dr Sunilam, a senior leader of the Samajwadi Party, claimed that the difference in the Minimum Support Price and the market price of the agricultural products is over Rs 50,000 crore, higher than the Union Agriculture Budget. Similarly, the rise in the oil prices and inflation — and payment of GST on the fertilisers and produce — has also considerably increased the input price.
Kavita Krishnan, a Polit Bureau member of the CPIM-L, remarked: “The last four years witnessed, rising inequality, bank frauds, bank charges, systemic destruction of the institutions like NSSO, and denial of the information on the social spending and other crucial data.” She emphasised, “The only people who got benefitted were the rich, and the PSUs like HAL, BSNL, which were doing financially well, today can’t even pay salaries.” She also extended support to the right to employment and food security as the constitutional right, and the introduction of the wealth tax and inheritance tax for the corporate sector.
Professor Dinesh Abrol observed that the future of the Indian economy and development had been adversely impacted due to the policies of the Modi government. This has resulted in declining household incomes, unemployment etc. Citing the survey done by the All India Manufacturers Organisation (AIMO), Prof Abrol said, “post demonetisation, micro and small enterprises have suffered 35 % job losses and 50 per cent dip in revenues. Likewise, the Economic Survey 2017-18 revealed that the credit disbursed by the banks shows that out of a total outstanding credit of Rs. 26.04 billion as in November 2017, 82.6% of the amount was lent to large enterprises, and MSMEs got only 17.4% of total credit.” All this worsened the unemployment.
About us:
Financial Accountability Network India (FAN India) a collective of civil society organisations, unions, people’s movements and concerned citizens to raise the issues of accountability and transparency of the national financial institutions. It also looks critically at the economic and financial policies that have an impact on the people. Currently, FAN India is involved in campaigning against the bank charges.
Delhi Forum since the seventies has been a support structure for social action groups and peoples’ movements from all over India.
For more information:
Priya Darshini: +91 96546 80488
Anil T Varghese: +91 96500 15257
Political Parties and CSOs Criticise Modi Government on its Economic Performance
New Delhi, March 15, 2019: “The BJP, before the 2014 elections, created an illusion of achchhe din. Though they promised to double farmers income, increasing Minimum Support Price (MSP) by 1.5 times, they did opposite everything of what they promised.” said Vijoo Krishnan, Central Committee Member of CPI-M, and Joint Secretary of All India Kisan Sabha, at the at the public meeting titled Rebuilding from an Economic Earthquake at the Constitution Club of India today. “The rural distress reached to the unprecedented levels, which were also aided by the vicious atmosphere of the hate created by the cow-vigilantism,” Krishnan added.
The meeting, jointly organised by Delhi Forum and the Financial Accountability Network India, witnessed Vijoo Krishnan, Central Committee Member of CPI-M, and Joint Secretary of All India Kisan Sabha; Kavita Krishnan, Polit Bureau Member, CPI-ML Liberation; Dr Sunilam, Samajwadi Party; and Dinesh Abrol, Professor, Institute of Studies in Industrial Development looking back and evaluating the performance of the five years of the Narendra Modi government on the economy and the immediate agenda for the next government.
Speaking at the meeting, Dr Sunilam, a senior leader of the Samajwadi Party, claimed that the difference in the Minimum Support Price and the market price of the agricultural products is over Rs 50,000 crore, higher than the Union Agriculture Budget. Similarly, the rise in the oil prices and inflation — and payment of GST on the fertilisers and produce — has also considerably increased the input price.
Kavita Krishnan, a Polit Bureau member of the CPIM-L, remarked: “The last four years witnessed, rising inequality, bank frauds, bank charges, systemic destruction of the institutions like NSSO, and denial of the information on the social spending and other crucial data.” She emphasised, “The only people who got benefitted were the rich, and the PSUs like HAL, BSNL, which were doing financially well, today can’t even pay salaries.” She also extended support to the right to employment and food security as the constitutional right, and the introduction of the wealth tax and inheritance tax for the corporate sector.
Professor Dinesh Abrol observed that the future of the Indian economy and development had been adversely impacted due to the policies of the Modi government. This has resulted in declining household incomes, unemployment etc. Citing the survey done by the All India Manufacturers Organisation (AIMO), Prof Abrol said, “post demonetisation, micro and small enterprises have suffered 35 % job losses and 50 per cent dip in revenues. Likewise, the Economic Survey 2017-18 revealed that the credit disbursed by the banks shows that out of a total outstanding credit of Rs. 26.04 billion as in November 2017, 82.6% of the amount was lent to large enterprises, and MSMEs got only 17.4% of total credit.” All this worsened the unemployment.
About us:
Financial Accountability Network India (FAN India) a collective of civil society organisations, unions, people’s movements and concerned citizens to raise the issues of accountability and transparency of the national financial institutions. It also looks critically at the economic and financial policies that have an impact on the people. Currently, FAN India is involved in campaigning against the bank charges.
Delhi Forum since the seventies has been a support structure for social action groups and peoples’ movements from all over India.
For more information:
Priya Darshini: +91 96546 80488
Anil T Varghese: +91 96500 15257
Political Parties and CSOs Criticise Modi Government on its Economic Performance
New Delhi, March 15, 2019: “The BJP, before the 2014 elections, created an illusion of achchhe din. Though they promised to double farmers income, increasing Minimum Support Price (MSP) by 1.5 times, they did opposite everything of what they promised.” said Vijoo Krishnan, Central Committee Member of CPI-M, and Joint Secretary of All India Kisan Sabha, at the at the public meeting titled Rebuilding from an Economic Earthquake at the Constitution Club of India today. “The rural distress reached to the unprecedented levels, which were also aided by the vicious atmosphere of the hate created by the cow-vigilantism,” Krishnan added.
The meeting, jointly organised by Delhi Forum and the Financial Accountability Network India, witnessed Vijoo Krishnan, Central Committee Member of CPI-M, and Joint Secretary of All India Kisan Sabha; Kavita Krishnan, Polit Bureau Member, CPI-ML Liberation; Dr Sunilam, Samajwadi Party; and Dinesh Abrol, Professor, Institute of Studies in Industrial Development looking back and evaluating the performance of the five years of the Narendra Modi government on the economy and the immediate agenda for the next government.
Speaking at the meeting, Dr Sunilam, a senior leader of the Samajwadi Party, claimed that the difference in the Minimum Support Price and the market price of the agricultural products is over Rs 50,000 crore, higher than the Union Agriculture Budget. Similarly, the rise in the oil prices and inflation — and payment of GST on the fertilisers and produce — has also considerably increased the input price.
Kavita Krishnan, a Polit Bureau member of the CPIM-L, remarked: “The last four years witnessed, rising inequality, bank frauds, bank charges, systemic destruction of the institutions like NSSO, and denial of the information on the social spending and other crucial data.” She emphasised, “The only people who got benefitted were the rich, and the PSUs like HAL, BSNL, which were doing financially well, today can’t even pay salaries.” She also extended support to the right to employment and food security as the constitutional right, and the introduction of the wealth tax and inheritance tax for the corporate sector.
Professor Dinesh Abrol observed that the future of the Indian economy and development had been adversely impacted due to the policies of the Modi government. This has resulted in declining household incomes, unemployment etc. Citing the survey done by the All India Manufacturers Organisation (AIMO), Prof Abrol said, “post demonetisation, micro and small enterprises have suffered 35 % job losses and 50 per cent dip in revenues. Likewise, the Economic Survey 2017-18 revealed that the credit disbursed by the banks shows that out of a total outstanding credit of Rs. 26.04 billion as in November 2017, 82.6% of the amount was lent to large enterprises, and MSMEs got only 17.4% of total credit.” All this worsened the unemployment.
About us:
Financial Accountability Network India (FAN India) a collective of civil society organisations, unions, people’s movements and concerned citizens to raise the issues of accountability and transparency of the national financial institutions. It also looks critically at the economic and financial policies that have an impact on the people. Currently, FAN India is involved in campaigning against the bank charges.
Delhi Forum since the seventies has been a support structure for social action groups and peoples’ movements from all over India.
For more information:
Priya Darshini: +91 96546 80488
Anil T Varghese: +91 96500 15257
Political Parties and CSOs Criticise Modi Government on its Economic Performance
New Delhi, March 15, 2019: “The BJP, before the 2014 elections, created an illusion of achchhe din. Though they promised to double farmers income, increasing Minimum Support Price (MSP) by 1.5 times, they did opposite everything of what they promised.” said Vijoo Krishnan, Central Committee Member of CPI-M, and Joint Secretary of All India Kisan Sabha, at the at the public meeting titled Rebuilding from an Economic Earthquake at the Constitution Club of India today. “The rural distress reached to the unprecedented levels, which were also aided by the vicious atmosphere of the hate created by the cow-vigilantism,” Krishnan added.
The meeting, jointly organised by Delhi Forum and the Financial Accountability Network India, witnessed Vijoo Krishnan, Central Committee Member of CPI-M, and Joint Secretary of All India Kisan Sabha; Kavita Krishnan, Polit Bureau Member, CPI-ML Liberation; Dr Sunilam, Samajwadi Party; and Dinesh Abrol, Professor, Institute of Studies in Industrial Development looking back and evaluating the performance of the five years of the Narendra Modi government on the economy and the immediate agenda for the next government.
Speaking at the meeting, Dr Sunilam, a senior leader of the Samajwadi Party, claimed that the difference in the Minimum Support Price and the market price of the agricultural products is over Rs 50,000 crore, higher than the Union Agriculture Budget. Similarly, the rise in the oil prices and inflation — and payment of GST on the fertilisers and produce — has also considerably increased the input price.
Kavita Krishnan, a Polit Bureau member of the CPIM-L, remarked: “The last four years witnessed, rising inequality, bank frauds, bank charges, systemic destruction of the institutions like NSSO, and denial of the information on the social spending and other crucial data.” She emphasised, “The only people who got benefitted were the rich, and the PSUs like HAL, BSNL, which were doing financially well, today can’t even pay salaries.” She also extended support to the right to employment and food security as the constitutional right, and the introduction of the wealth tax and inheritance tax for the corporate sector.
Professor Dinesh Abrol observed that the future of the Indian economy and development had been adversely impacted due to the policies of the Modi government. This has resulted in declining household incomes, unemployment etc. Citing the survey done by the All India Manufacturers Organisation (AIMO), Prof Abrol said, “post demonetisation, micro and small enterprises have suffered 35 % job losses and 50 per cent dip in revenues. Likewise, the Economic Survey 2017-18 revealed that the credit disbursed by the banks shows that out of a total outstanding credit of Rs. 26.04 billion as in November 2017, 82.6% of the amount was lent to large enterprises, and MSMEs got only 17.4% of total credit.” All this worsened the unemployment.
About us:
Financial Accountability Network India (FAN India) a collective of civil society organisations, unions, people’s movements and concerned citizens to raise the issues of accountability and transparency of the national financial institutions. It also looks critically at the economic and financial policies that have an impact on the people. Currently, FAN India is involved in campaigning against the bank charges.
Delhi Forum since the seventies has been a support structure for social action groups and peoples’ movements from all over India.
For more information:
Priya Darshini: +91 96546 80488
Anil T Varghese: +91 96500 15257
Political Parties and CSOs Criticise Modi Government on its Economic Performance
New Delhi, March 15, 2019: “The BJP, before the 2014 elections, created an illusion of achchhe din. Though they promised to double farmers income, increasing Minimum Support Price (MSP) by 1.5 times, they did opposite everything of what they promised.” said Vijoo Krishnan, Central Committee Member of CPI-M, and Joint Secretary of All India Kisan Sabha, at the at the public meeting titled Rebuilding from an Economic Earthquake at the Constitution Club of India today. “The rural distress reached to the unprecedented levels, which were also aided by the vicious atmosphere of the hate created by the cow-vigilantism,” Krishnan added.
The meeting, jointly organised by Delhi Forum and the Financial Accountability Network India, witnessed Vijoo Krishnan, Central Committee Member of CPI-M, and Joint Secretary of All India Kisan Sabha; Kavita Krishnan, Polit Bureau Member, CPI-ML Liberation; Dr Sunilam, Samajwadi Party; and Dinesh Abrol, Professor, Institute of Studies in Industrial Development looking back and evaluating the performance of the five years of the Narendra Modi government on the economy and the immediate agenda for the next government.
Speaking at the meeting, Dr Sunilam, a senior leader of the Samajwadi Party, claimed that the difference in the Minimum Support Price and the market price of the agricultural products is over Rs 50,000 crore, higher than the Union Agriculture Budget. Similarly, the rise in the oil prices and inflation — and payment of GST on the fertilisers and produce — has also considerably increased the input price.
Kavita Krishnan, a Polit Bureau member of the CPIM-L, remarked: “The last four years witnessed, rising inequality, bank frauds, bank charges, systemic destruction of the institutions like NSSO, and denial of the information on the social spending and other crucial data.” She emphasised, “The only people who got benefitted were the rich, and the PSUs like HAL, BSNL, which were doing financially well, today can’t even pay salaries.” She also extended support to the right to employment and food security as the constitutional right, and the introduction of the wealth tax and inheritance tax for the corporate sector.
Professor Dinesh Abrol observed that the future of the Indian economy and development had been adversely impacted due to the policies of the Modi government. This has resulted in declining household incomes, unemployment etc. Citing the survey done by the All India Manufacturers Organisation (AIMO), Prof Abrol said, “post demonetisation, micro and small enterprises have suffered 35 % job losses and 50 per cent dip in revenues. Likewise, the Economic Survey 2017-18 revealed that the credit disbursed by the banks shows that out of a total outstanding credit of Rs. 26.04 billion as in November 2017, 82.6% of the amount was lent to large enterprises, and MSMEs got only 17.4% of total credit.” All this worsened the unemployment.
About us:
Financial Accountability Network India (FAN India) a collective of civil society organisations, unions, people’s movements and concerned citizens to raise the issues of accountability and transparency of the national financial institutions. It also looks critically at the economic and financial policies that have an impact on the people. Currently, FAN India is involved in campaigning against the bank charges.
Delhi Forum since the seventies has been a support structure for social action groups and peoples’ movements from all over India.
For more information:
Priya Darshini: +91 96546 80488
Anil T Varghese: +91 96500 15257
Few came to Goa around 30th Nov and again 19.12.16
Old 500 & 1000 notes demonetised
eff 9.11.16
500 note on top of 2000
More here
joegoauk-pointofview.blogspot.in/2012/01/know-your-curren...
Political Parties and CSOs Criticise Modi Government on its Economic Performance
New Delhi, March 15, 2019: “The BJP, before the 2014 elections, created an illusion of achchhe din. Though they promised to double farmers income, increasing Minimum Support Price (MSP) by 1.5 times, they did opposite everything of what they promised.” said Vijoo Krishnan, Central Committee Member of CPI-M, and Joint Secretary of All India Kisan Sabha, at the at the public meeting titled Rebuilding from an Economic Earthquake at the Constitution Club of India today. “The rural distress reached to the unprecedented levels, which were also aided by the vicious atmosphere of the hate created by the cow-vigilantism,” Krishnan added.
The meeting, jointly organised by Delhi Forum and the Financial Accountability Network India, witnessed Vijoo Krishnan, Central Committee Member of CPI-M, and Joint Secretary of All India Kisan Sabha; Kavita Krishnan, Polit Bureau Member, CPI-ML Liberation; Dr Sunilam, Samajwadi Party; and Dinesh Abrol, Professor, Institute of Studies in Industrial Development looking back and evaluating the performance of the five years of the Narendra Modi government on the economy and the immediate agenda for the next government.
Speaking at the meeting, Dr Sunilam, a senior leader of the Samajwadi Party, claimed that the difference in the Minimum Support Price and the market price of the agricultural products is over Rs 50,000 crore, higher than the Union Agriculture Budget. Similarly, the rise in the oil prices and inflation — and payment of GST on the fertilisers and produce — has also considerably increased the input price.
Kavita Krishnan, a Polit Bureau member of the CPIM-L, remarked: “The last four years witnessed, rising inequality, bank frauds, bank charges, systemic destruction of the institutions like NSSO, and denial of the information on the social spending and other crucial data.” She emphasised, “The only people who got benefitted were the rich, and the PSUs like HAL, BSNL, which were doing financially well, today can’t even pay salaries.” She also extended support to the right to employment and food security as the constitutional right, and the introduction of the wealth tax and inheritance tax for the corporate sector.
Professor Dinesh Abrol observed that the future of the Indian economy and development had been adversely impacted due to the policies of the Modi government. This has resulted in declining household incomes, unemployment etc. Citing the survey done by the All India Manufacturers Organisation (AIMO), Prof Abrol said, “post demonetisation, micro and small enterprises have suffered 35 % job losses and 50 per cent dip in revenues. Likewise, the Economic Survey 2017-18 revealed that the credit disbursed by the banks shows that out of a total outstanding credit of Rs. 26.04 billion as in November 2017, 82.6% of the amount was lent to large enterprises, and MSMEs got only 17.4% of total credit.” All this worsened the unemployment.
About us:
Financial Accountability Network India (FAN India) a collective of civil society organisations, unions, people’s movements and concerned citizens to raise the issues of accountability and transparency of the national financial institutions. It also looks critically at the economic and financial policies that have an impact on the people. Currently, FAN India is involved in campaigning against the bank charges.
Delhi Forum since the seventies has been a support structure for social action groups and peoples’ movements from all over India.
For more information:
Priya Darshini: +91 96546 80488
Anil T Varghese: +91 96500 15257
I am the only person in my family that steps out of the house in the mornings to buy fresh bread brun for the kids vegetables and other essential items .
Sliced bread Amul butter cheese is out of stock.
Provision stores are open but they are not ordering fresh stocks .
Rates of fruits vegetables grains pulses is on the steeper side .
There is no exodus of migrants in our area like Delhi .
Shocking to see those videos and images the think tank of Modiji has certainly lost it .
The lockdown is important but its execution and implementation reminds me of the disastrous lines at the banks during demonetisation .
People are minting money selling masks that cost Rs 8 and are being sold for Rs 30 at chemist shops .
Another two weeks to go ..however people are still roaming on the streets without fear ..even children are moving around .
Our police here in Bandra is very lenient they need to cane a few rogues encouraging jaywalking .
Beggars are having a tough times as the local mosques churches temples are closed .
So the beggars are seen at the market square .
Animals are feeling the aftermath of the lockdown ..stray cats and dogs .
Milk is being supplied so is gaz cylinders ..some housing societies are making it tough fot the senior citizens.
My beat is Bazar and back I have not gone to the other areas of Bandra .
My work is shut the film studios film making is shut .
What is the news in your area ..how is the lockdown your end chronicle it for the unborn generation .
Create a thread ..
Stay safe stay at home ..bring out the writer and poet in you more forcefully ..
The air is pure for the first time ..nature is smiling ..
A salute to the medicos police and the humble municipal conservancy staff and sanitation workers ragpickers .
#maharashtralockdown
#21dayslockdown
#caronavirus
#covid19
#staysafe
Political Parties and CSOs Criticise Modi Government on its Economic Performance
New Delhi, March 15, 2019: “The BJP, before the 2014 elections, created an illusion of achchhe din. Though they promised to double farmers income, increasing Minimum Support Price (MSP) by 1.5 times, they did opposite everything of what they promised.” said Vijoo Krishnan, Central Committee Member of CPI-M, and Joint Secretary of All India Kisan Sabha, at the at the public meeting titled Rebuilding from an Economic Earthquake at the Constitution Club of India today. “The rural distress reached to the unprecedented levels, which were also aided by the vicious atmosphere of the hate created by the cow-vigilantism,” Krishnan added.
The meeting, jointly organised by Delhi Forum and the Financial Accountability Network India, witnessed Vijoo Krishnan, Central Committee Member of CPI-M, and Joint Secretary of All India Kisan Sabha; Kavita Krishnan, Polit Bureau Member, CPI-ML Liberation; Dr Sunilam, Samajwadi Party; and Dinesh Abrol, Professor, Institute of Studies in Industrial Development looking back and evaluating the performance of the five years of the Narendra Modi government on the economy and the immediate agenda for the next government.
Speaking at the meeting, Dr Sunilam, a senior leader of the Samajwadi Party, claimed that the difference in the Minimum Support Price and the market price of the agricultural products is over Rs 50,000 crore, higher than the Union Agriculture Budget. Similarly, the rise in the oil prices and inflation — and payment of GST on the fertilisers and produce — has also considerably increased the input price.
Kavita Krishnan, a Polit Bureau member of the CPIM-L, remarked: “The last four years witnessed, rising inequality, bank frauds, bank charges, systemic destruction of the institutions like NSSO, and denial of the information on the social spending and other crucial data.” She emphasised, “The only people who got benefitted were the rich, and the PSUs like HAL, BSNL, which were doing financially well, today can’t even pay salaries.” She also extended support to the right to employment and food security as the constitutional right, and the introduction of the wealth tax and inheritance tax for the corporate sector.
Professor Dinesh Abrol observed that the future of the Indian economy and development had been adversely impacted due to the policies of the Modi government. This has resulted in declining household incomes, unemployment etc. Citing the survey done by the All India Manufacturers Organisation (AIMO), Prof Abrol said, “post demonetisation, micro and small enterprises have suffered 35 % job losses and 50 per cent dip in revenues. Likewise, the Economic Survey 2017-18 revealed that the credit disbursed by the banks shows that out of a total outstanding credit of Rs. 26.04 billion as in November 2017, 82.6% of the amount was lent to large enterprises, and MSMEs got only 17.4% of total credit.” All this worsened the unemployment.
About us:
Financial Accountability Network India (FAN India) a collective of civil society organisations, unions, people’s movements and concerned citizens to raise the issues of accountability and transparency of the national financial institutions. It also looks critically at the economic and financial policies that have an impact on the people. Currently, FAN India is involved in campaigning against the bank charges.
Delhi Forum since the seventies has been a support structure for social action groups and peoples’ movements from all over India.
For more information:
Priya Darshini: +91 96546 80488
Anil T Varghese: +91 96500 15257
Second series Coins
The 1 ringgit coin is the only coin to have received a total revision and entered circulation in late-1989.It was minted from an alloy of copper, zinc and tin, as opposed to the first series' cupronickel. The $ symbol was brought over to the new coin. On December 7, 2005, the 1 ringgit coin was demonetised.
info: en.wikipedia.org/wiki/Malaysian_ringgit
tool: A4 white paper & headlamp petzl
Nickel Brass Three Pence - George 6th - 1938
Edward VIII
In England, and in London in particular, the small size of the silver threepence was unpopular. Three pennies were heavy and cumbersome, so it was decided to introduce a larger nickel-brass version of the three pence coin.
Trial pieces of various thicknesses were minted with a portrait of Edward VIII and a reverse design of a thrift plant by Frances Madge Kitchener. Some of these were not returned and found their way into circulation. These trial pieces come in three thicknesses: 1.75mm; 2.0mm; 2.5mm.
As some of the thinner patterns could activate existing relatively primitive slot machines instead of a sixpence or shilling, the thickest dimension was eventually decided upon.
The threepence coins from the official sets of Edward VIII coinage that were prepared but not issued, and a few of which survive, have a modified reverse with the same design as that used by George VI.
George VI
In 1937 a new brass threepence was introduced using an alloy of 79% copper, 20% zinc and 1% nickel. It was 12 sided to make it more distinguishable to the touch, and weighed 6.8g. It measures 21mm across between the flat edges.
The 12-sided design and thickness made the coin easy to identify, and it became very popular - the silver threepence being considered too small, a lesson not learnt when it came to introducing the present small fivepence piece.
At first the coins had sharp corners, but during 1941 a more rounded collar was used, as failure of the collars was occuring too frequently. In 1948, and from 1950, sharp edged collars were used again. Both types are known for 1949.
No threepence coins were minted in 1947, and the mintages of 1946 and 1949 are particularly low.
From 1949 the obverse legend was modified to remove the IND IMP - Emperor of India.
Elizabeth II
They were struck each year in the present reign until 1967 (and ones struck later had the latter date). The design shows a portcullis, a badge of Government. A final proof version dated 1970 was issued as part of the last LSD set.
The coins of 1953 issued in the 'plastic sets' differ slightly from those issued later in the year for general circulation, and from the proof set coin. The following year, 1954, the obverse legend was changed and the portrait strengthened.
The 1958 and 1966 coins are known struck in cupronickel. That dated 1961 is known struck on Hong Kong 10c blanks in error.
Nickel-brass three pence coins were demonetised on 31st August 1971.
提著成捆舊制鈔票（應為已失效用的金圓券）的腳踏車騎士
上海，1949年9月
A cyclist carries large bundles of banknotes (old Gold Yuan notes demonetised by the new regime).
Shanghai, September 1949
1970年代明膠銀鹽相紙
Gelatin silver print, 1970s
27.6 x 19.6 cm
Post demonetisation, most of the major beedi units have shut down in Jangipur, West Bengal, crippled by the cash shortage – leaving thousands of home-based beedi-rollers, mostly women, with no income
ruralindiaonline.org/articles/note-ban-sends-beedi-units-...
The British ten shilling (10/-) note was introduced in 1928 the predominant colour being a red-brown on the obverse it had a vignette of a seated Britannia.
During the years of the Second World War the colour was changed to mauve and a security thread was used for the first time.
The early BoE notes did not have the date of issuance so the date of issue can only be made by identifying the signature of the chief cashier and the series letter.
In this case the Chief Cashier was Kenneth Pepiatt whose tenure ran from 1934 to 1949. So given the note’s mauve colour, the signature makes it possible to say that this note was issued between 1939 and 1949.
The ten shilling note was withdrawn late in 1970 following the introduction of the 50 pence coin in October 1969 in readiness for decimalisation on February 15th 1971.
The British decimal fifty pence coin (often shortened to 50p in writing and speech) is a denomination of sterling coinage worth 1⁄2 of one pound. Its obverse features the profile of the current Monarch since the coin's introduction in 1969. As of October 2022, five different royal portraits have been used.
As of March 2013 there were an estimated 920 million 50p coins in circulation.[1] The coin has proved popular with coin collectors leading to numerous differing designs for both commemorative and circulating coins.
Fifty pence coins are legal tender for amounts up to the sum of £10 when offered in repayment of a debt; however, the coin's legal tender status is not normally relevant for everyday transactions.
History
In 1967 the Deputy Master of the Royal Mint approached the Decimal Currency Board to ask for their advice on the introduction of a new coin. The 10-shilling note then in use was lasting only five months and it had been suggested that a coin, which could last fifty years, would be more economical. The problem with this was that all coins are arranged in "tiers", each coin in a tier having the same weight-to-value ratio so that a bag of mixed coins could be weighed to ascertain the value so long as they were all bronze, all silver, etc. Each coin was identified within its tier by its size and each tier had to be capable of being identified by sight and touch. This was achieved in the then-existing sets by the use of different materials ("bronze", "brass" and "silver") with the bronze coins having plain rims, the nickel-brass threepenny bit being 12-sided and the silver coins having milled rims. If the 10-shilling coin was to be made in the same tier as the silver coins it would have to be twice the weight of the Crown (then and now only in use for commemorative coins) and it was generally agreed that that would make it very unpopular and expensive. It would therefore have to be in a new tier of its own.
The Mint could not find a suitable metal which was sufficiently different in colour to the existing coins and which would not tarnish. This last point was thought to be important because the new coin would be the most valuable coin in general circulation in the world (equivalent to £9.65 in 2021). It therefore had to be a different shape; various methods had been used overseas to overcome this problem but none were without drawbacks. A hole through the coin did unacceptable things to the Queen's head (a legal requirement on British coins), and wavy-edged, flat-edged or square coins could not be used in the coin-handling machinery which was then coming into increasing use in industry, banking and vending. To be used in a vending or sorting machine a coin would have to roll under gravity and be capable of being measured without being presented in a special way; in other words it needed a constant breadth at whichever angle it was measured.
The Technical Member (and the only engineer) on the Decimal Currency Board was Hugh Conway, at that time President of the Institution of Mechanical Engineers and Managing Director of Bristol Siddeley Engines, Bristol. He had found in a mathematical textbook a formula for a non-circular shape of constant breadth and asked the design office at Patchway, near Bristol, which normally worked on the engines for aircraft such as Concorde, Vulcan and Harrier to draw out the shape. However, this turned out to be a wavy-edged form with re-entrant sides which would not roll and which could not be measured easily. A designer, Colin Lewis, suggested a much simpler shape which in its basic form is an equilateral triangle with a small circle centred on each apex and with a larger circular arc centred on each apex but tangential to each of the two opposite small circles. Wherever it was measured, the breadth of this shape was one small radius plus one large radius. (The small radius was not strictly necessary to the geometry, but made the shape more practical by removing inconvenient sharp points and reducing the rate of wear, and therefore change of size, in handling.) The number of corners could be any odd number greater than one. A drawing was made to illustrate the proposal which was accepted by Hugh Conway. He chose seven sides as a compromise between too radical a shape, which might not be acceptable to the public, and having too many sides, which would make a shape visually difficult to differentiate from a circle. The shape was drawn out by David Brown and samples made from stainless steel by the Model Shop, together with a section of perspex channel with a bend to demonstrate that the "coin" would roll around corners and drop through gauging slots. The legend "50" was photo-etched (from a master drawn by Ray Gooding) on the faces of the samples since it had already been decided that the new coin would be the first coin of the new Decimal series. As the coin was released before Decimal Day it was initially worth 10/- (and therefore 120d).
When the Decimal Currency Board met none of the other members had any suggestion to make, so when the samples were produced the idea was accepted without opposition.
Design
It was the first seven-sided coin in the world. However, there was some confusion and resistance to the new shape after its release on 14 October 1969, where the coins were mistaken for the decimal 10p and Half crowns, which were both round. A group of "Anti-Heptagonists" regarded the coin as 'ugly' and 'an insult to our sovereign whose image it bears'. Geometrically, the shape of the coin forms an equilateral-curve heptagon, or Reuleaux polygon, a curve of constant width, meaning that the diameter is constant across any bisection.
In 1997 the 50p coin was reduced in both diameter and thickness and the older coins were removed from circulation. The new coin was introduced on 1 September 1997. The old larger coin was demonetised on 28 February 1998. The face designs remained unchanged.
The shape of the original 50p coin was also used for the 20p coin, introduced in 1982, but in a smaller size.
Obverse (Heads)
For Queen Elizabeth II, four different obverses have been used. In all cases, the inscription is ELIZABETH II D.G.REG.F.D. 2013, where 2013 is replaced by the year of minting; some additionally has the denomination, FIFTY PENCE, before the year (as these coins omit the denomination on the reverse entirely).
As with all new decimal currency, until 1984 the portrait of Queen Elizabeth II by Arnold Machin appeared on the obverse,[11] in which the Queen wears the 'Girls of Great Britain and Ireland' Tiara.
Between 1985 and 1997 the portrait by Raphael Maklouf was used, in which the Queen wears the George IV State Diadem.
From 1998 to 2015 the portrait by Ian Rank-Broadley was used, again featuring the tiara, with a signature-mark IRB below the portrait. In 2008 the obverse design was rotated, to match the new reverse design which is displayed with the heptagon point down rather than point up.
From 2015 to 2022, coins bearing the portrait by Jody Clark were issued, which again featured the Diadem.
On 3 October 2022, a commemorative 50p coin was released that was the first to carry the portrait of King Charles III following the death of Elizabeth II. The coin, planned both as part of a commemorative set and for general circulation, featured a copy of the design used on the crown (five-shilling piece) released in 1953 to commemorate the Queen's coronation. The portrait of the King was undertaken by Martin Jennings.
Reverse (Tails)
The reverse of the coin, designed by Christopher Ironside, and used from 1969 to 2008, is a seated Britannia alongside a lion, holding an olive branch in her left hand and a trident in her right, accompanied by either NEW PENCE (1969–1981) or FIFTY PENCE (1982–2008) above Britannia, with the numeral 50 underneath the seated figure. His original but unused design, of the Royal Arms with supporters was released as a variation in 2013.
In August 2005 the Royal Mint launched a competition to find new reverse designs for all circulating coins apart from the £2 coin. The winner, announced in April 2008, was Matthew Dent, whose designs were gradually introduced into the circulating British coinage from mid-2008. The designs for the 1p, 2p, 5p, 10p, 20p and 50p coins depict sections of the Royal Shield that form the whole shield when placed together. The shield in its entirety was featured on the now-obsolete round £1 coin. The 50p coin depicts the lowest point of the Shield, with the words FIFTY PENCE below the point of the shield. The coin's obverse remains unchanged.
In October 2023 the King Charles III fifty-pence coin was presented; the coin features an Atlantic salmon.
Dear Modiji #DeMonetisation would have been a good thing in the long run but badly executed poor implementation all ur good work undone .
#DeMonetisation where the poor stand in long serpentine lines suffer die as they wait for their turn ..your good work un done
#DeMonetisation if this suffering continues dear sir you and your party in the next elections by the people will be spurned .
#DeMonetisation now waiting endlessly to get back their money held captive in the bank that with the sweat of the brow they had earned .
#DeMonetisation God bless your mother with a very long life making her stand in a line could have never been the response of a good son .
#DeMonetisation the Mallyas Lalit . Modi with the bank loot to other countries have run while the poor with heartburn wait under the hot sun
We don't throw our weight around
We lift it of the ground. Our Rupee
After Demonetisation is more colorful
Safe and sound.. as good as a dollar
Or a pound our coins are always round.
Soon plastic bags in our gutters won't
Be found. The best dog is the Indian hound
Waiting in the wings Congress chief as PM hoping to be crowned.. In politics it is Arrogance that gets politicians thrown out some survive some get drowned..
Parties that give empty hollow promises always get trounced.. Cow lynchings minority bashing is not the way out.. Specially for those in power with motor mouths.. Who abuse their opponents instead of progress development only shout..
2019 A tryst with Destiny.. Another political wrestling bout... A North and a South power and clout...
The final Rout .
What goes up must come down
What goes in must come out
Tdb Platform RBI may bring forward the cut rates to December: DBS
“On policy, while external uncertainties and rupee volatility suggest first quarter of 2017 is a better timeline to ease rates, the central bank might prefer to bring forward the rate cut to December to support growth and tap favourable inflation outlook,” DBS said in its research note.
RBI may bring forward the cut rates to December: DBS
In October, RBI cut the benchmark interest rates by 0.25% to 6.25%.
For indodeutscherphotomarathonblog.wordpress.com/ theme was lonely/einsam
people in india can not get enough cash these days, because some politians made the most of the money illegal - a step,which is worldwide seen as not properly planned and which is harming especially low income people and small businesses - nobody is buying, so the street vendors do not have that much to do these days and not so much income ...
16-11-20-7068