Competitive Exams: Current Affairs 2011: Rs. 150 coin and Rs. 5 Coin

Rs. 150 coin and Rs. 5 Coin

  • to mark the number of years of taxation (Income Tax Department) in India.

  • The reverse faces of the Rs. 150 and Rs. 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 Rs. 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