On Thursday, the Union Government announced its plans to launch a commemorative coin worth Rs 75, symbolizing the inauguration of the new Parliament building. According to a gazette notification released by the Finance Ministry on May 25, the coin will be minted in accordance with the ‘Coinage (Issue Of Commemorative Coin on the occasion of Inauguration of New Parliament Building) Rules, 2023’.
“The coin of Rs 75 denomination shall be coined at the Mint for issue under the authority of the Central Government on the occasion of Inauguration of New Parliament Building,” it said.
According to the Ministry’s statement, the commemorative coin will have a diameter of 44 mm and will feature 200 serrations along its edges. The coin’s composition will consist of 50 percent silver, 40 percent copper, 5 percent nickel, and 5 percent zinc.
The ministry further specified the design details, stating that the obverse side of the coin will showcase the Lion Capitol of Ashoka Pillar at the center. Below it, the Hindi inscription of “Satyamev Jayate” will be displayed. On the left periphery, the word “Bharat” will be inscribed in Devanagari script, while on the right periphery, the word “India” will be written in English. Additionally, the coin will include the Rupee symbol and the numerical value “75” denoting its denomination, placed below the Lion Capitol.
There will be an image of the Parliament Complex on the reverse of the coin, which will weigh 35 grams. “The inscription ‘Sansad Snakul’ shall be written in Devnagri script on the upper periphery and the inscription ‘Parliament Complex’ in English shall be written on the lower periphery of the coin. The year 2023 in international numeral shall be written below the image of Parliament Complex,” it further said.
The inauguration of the new Parliament building is scheduled for May 28, with Prime Minister Narendra Modi set to officiate the event. During the ceremony, PM Modi will also place the ceremonial sceptre called ‘Sengol’ within the premises of the new Parliament building. It is worth noting that the ‘Sengol’ holds historical significance as it was presented to India’s first prime minister, Jawaharlal Nehru, symbolizing the transfer of power in August 1947.
On December 20, 2020, Prime Minister Narendra Modi initiated the construction of the New Parliament Building by laying its foundation stone. Among the notable features of the new structure is a National Emblem crafted from bronze, with a substantial weight of 9500 Kg and standing at a height of 6.5 meters. This emblem has been positioned at the apex of the Central Foyer within the New Parliament Building. To ensure its stability, a supporting structure made of steel, weighing approximately 6500 Kg, has been meticulously engineered to uphold the emblem.