Competitive Exams: Current Affairs 2011: ₹ 150 Coin and ₹ 5 Coin

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₹ 150 Coin and ₹ 5 Coin

  • to mark the number of years of taxation (Income Tax Department) in India.
  • The reverse faces of the ₹ 150 and ₹ 5 coins, minted to commemorate Income Tax 150 years of Building India, ‘bear the portrait of Chanakya and Lotus with Honeybee’ at the centre representing his famous lines, ________ Ideally, governments should collect taxes like a honeybee, which sucks just the right amount of honey from the flower so that both can survive … The left and right peripheries of the coins are flanked with the words: Income Tax 150 years of Building India in both Hindi and English.
  • The ₹ 150 coin is not only unique for its denomination but also for its size and metal composition. The 44-mm circular coin is made of 50 per cent silver.

Courtesy: The Hindu and Times of India

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