Indian Anna
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Indian Anna
An anna (or ānna) was a currency unit formerly used in British India, equal to of a rupee. It was subdivided into four (old) Paisa or twelve pies (thus there were 192 pies in a rupee). When the rupee was decimalised and subdivided into 100 (new) paise, one anna was therefore equivalent to 6.25 paise. The anna was demonetised as a currency unit when India decimalised its currency in 1957, followed by Pakistan in 1961. It was replaced by the 5-paise coin, which was itself discontinued in 1994 and demonetised in 2011. The term anna is frequently used to express a fraction of . ''Anna'' is derived from the Sanskrit , meaning "food". There was a coin of one anna, and also half-anna coins of copper and two-anna pieces of silver. With the rupee having been valued to 1s 6d and weighing 180 grains as a 916.66 fine silver coin, the anna was equivalent to 9/8 d. Hence the 2 anna silver coins were of low weight (22.5 grains = 1.46 g). Anna-denominated postage stamps were issued du ...
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Bust (sculpture)
A bust is a sculpted or cast representation of the upper part of the human figure, depicting a person's head and neck, and a variable portion of the chest and shoulders. The piece is normally supported by a plinth. The bust is generally a portrait intended to record the appearance of an individual, but may sometimes represent a type. They may be of any medium used for sculpture, such as marble, bronze, terracotta, plaster, wax or wood. As a format that allows the most distinctive characteristics of an individual to be depicted with much less work, and therefore expense, and occupying far less space than a full-length statue, the bust has been since ancient times a popular style of life-size portrait sculpture. It can also be executed in weaker materials, such as terracotta. A sculpture that only includes the head, perhaps with the neck, is more strictly called a "head", but this distinction is not always observed. Display often involves an integral or separate display stan ...
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Decimalisation
Decimalisation or decimalization (see spelling differences) is the conversion of a system of currency or of weights and measures to units related by powers of 10. Most countries have decimalised their currencies, converting them from non-decimal sub-units to a decimal system, with one basic currency unit and sub-units that are to a power of 10, most commonly 100, and exceptionally 1000; and sometimes at the same time changing the name of the currency or the conversion rate to the new currency. Today, only two countries have non-decimal currencies: Mauritania, where 1 ouguiya = 5 khoums, and Madagascar, where 1 ariary = 5 iraimbilanja. However, these are only theoretically non-decimal, as, in both cases, the value of the main unit is so low that the sub-units are too small to be of any practical use and coins of the sub-units are no longer used. Russia was the first country to convert to a decimal currency when it decimalised under Tsar Peter the Great in 1704, resulting in the ru ...
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History Of The Rupee
The history of the rupee traces back to ancient Indian subcontinent. The mention of ''rūpya'' by Pāṇini is seemingly the earliest reference in a text about coins. The term in Indian subcontinent was used for referring to a coin. The word "rupee" is derived from a Sanskrit word "rūpya", which means "wrought silver", and maybe also something stamped with an image or a coin. As an adjective it means "shapely", with a more specific meaning of "stamped, impressed", whence "coin". It is derived from the noun ''rūpa'' "shape, likeness, image". ''Arthashastra'', written by Chanakya, prime minister to the first Maurya emperor Chandragupta Maurya (c. 340–290 BC), mentions silver coins as ''rūpyarūpa'', other types including gold coins (suvarṇarūpa), copper coins (tāmrarūpa) and lead coins (sīsarūpa) are mentioned his claim is disputed Rūpa means form or shape, example, rūpyarūpa, rūpya – wrought silver, rūpa – form. In the intermediate times there wa ...
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British Indian Coins
British trading posts in the Indian subcontinent were first established by the East India Company (EIC) early in the seventeenth century, which quickly evolved into larger colonies covering a significant part of the subcontinent. Early settlements or factories included Masulipatnam (1611) and Madras (1640) in the south, Surat (1612) in the west, and modern-day Kolkata (1698–99) in the east.Gupta, P. L. (1996). ''Coins'', New Delhi: National Book Trust, , pp.199–219. These colonies gave rise to Madras Presidency, Bombay Presidency, and Bengal Presidency, and each Presidency had a separate coinage and monetary system. In time, the EIC adopted a unified system of coinage throughout all British possessions in India and the older Presidency system was discontinued. After the Indian Rebellion of 1857, control of EIC territories passed to the British Crown.Fred Pridmore (1980). ''The Coins of the British Commonwealth of Nations (to the end of the reign of George VI, 1952). Part 4: Ind ...
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Indian Coinage
The Coinage of India began anywhere between early 1st millennium BCE to the 6th century BCE, and consisted mainly of copper and silver coins in its initial stage.Allan & Stern (2008) The coins of this period were ''Karshapanas'' or ''Pana''. A variety of earliest Indian coins, however, unlike those circulated in West Asia, were stamped bars of metal, suggesting that the innovation of stamped currency was added to a pre-existing form of token currency which had already been present in the Janapadas and Mahajanapada kingdoms of the Early historic India. The kingdoms that minted their own coins included Gandhara, Kuntala, Kuru, Magadha, Panchala, Shakya, Surasena, Surashtra and Vidarbha etc. The tradition of Indian coinage in the 2nd millennium evolved with Indo Islamic rule in India.Allan & Stern (2008) and the British Raj in the 19th century.Sutherland (2008) Origin of currency in Indian subcontinent Prehistoric and Bronze Age origins Cowry shells were first used in ...
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Edward VII
Edward VII (Albert Edward; 9 November 1841 – 6 May 1910) was King of the United Kingdom of Great Britain and Ireland and Emperor of India, from 22 January 1901 until his death in 1910. The second child and eldest son of Queen Victoria and Prince Albert of Saxe-Coburg and Gotha, and nicknamed "Bertie", Edward was related to royalty throughout Europe. He was Prince of Wales and heir apparent to the British throne for almost 60 years. During the long reign of his mother, he was largely excluded from political influence and came to personify the fashionable, leisured elite. He travelled throughout Britain performing ceremonial public duties and represented Britain on visits abroad. His tours of North America in 1860 and of the Indian subcontinent in 1875 proved popular successes, but despite public approval, his reputation as a playboy prince soured his relationship with his mother. As king, Edward played a role in the modernisation of the British Home Fleet and the reorganis ...
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Princely States
A princely state (also called native state or Indian state) was a nominally sovereign entity of the British Indian Empire that was not directly governed by the British, but rather by an Indian ruler under a form of indirect rule, subject to a subsidiary alliance and the suzerainty or paramountcy of the British crown. There were officially 565 princely states when India and Pakistan became independent in 1947, but the great majority had contracted with the viceroy to provide public services and tax collection. Only 21 had actual state governments, and only four were large (Hyderabad State, Mysore State, Jammu and Kashmir State, and Baroda State). They acceded to one of the two new independent nations between 1947 and 1949. All the princes were eventually pensioned off. At the time of the British withdrawal, 565 princely states were officially recognised in the Indian subcontinent, apart from thousands of zamindari estates and jagirs. In 1947, princely states covered 40% ...
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British Raj
The British Raj (; from Hindi ''rāj'': kingdom, realm, state, or empire) was the rule of the British Crown on the Indian subcontinent; * * it is also called Crown rule in India, * * * * or Direct rule in India, * Quote: "Mill, who was himself employed by the British East India company from the age of seventeen until the British government assumed direct rule over India in 1858." * * and lasted from 1858 to 1947. * * The region under British control was commonly called India in contemporaneous usage and included areas directly administered by the United Kingdom, which were collectively called British India, and areas ruled by indigenous rulers, but under British paramountcy, called the princely states. The region was sometimes called the Indian Empire, though not officially. As ''India'', it was a founding member of the League of Nations, a participating nation in the Summer Olympics in 1900, 1920, 1928, 1932, and 1936, and a founding member of the United Nations in San F ...
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Sanskrit
Sanskrit (; attributively , ; nominally , , ) is a classical language belonging to the Indo-Aryan branch of the Indo-European languages. It arose in South Asia after its predecessor languages had diffused there from the northwest in the late Bronze Age. Sanskrit is the sacred language of Hinduism, the language of classical Hindu philosophy, and of historical texts of Buddhism and Jainism. It was a link language in ancient and medieval South Asia, and upon transmission of Hindu and Buddhist culture to Southeast Asia, East Asia and Central Asia in the early medieval era, it became a language of religion and high culture, and of the political elites in some of these regions. As a result, Sanskrit had a lasting impact on the languages of South Asia, Southeast Asia and East Asia, especially in their formal and learned vocabularies. Sanskrit generally connotes several Old Indo-Aryan language varieties. The most archaic of these is the Vedic Sanskrit found in the Rig Veda, a colle ...
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Legal Tender
Legal tender is a form of money that courts of law are required to recognize as satisfactory payment for any monetary debt. Each jurisdiction determines what is legal tender, but essentially it is anything which when offered ("tendered") in payment of a debt extinguishes the debt. There is no obligation on the creditor to accept the tendered payment, but the act of tendering the payment in legal tender discharges the debt. Some jurisdictions allow contract law to overrule the status of legal tender, allowing (for example) merchants to specify that they will not accept cash payments. Coins and banknotes are usually defined as legal tender in many countries, but personal cheques, credit cards, and similar non-cash methods of payment are usually not. Some jurisdictions may include a specific foreign currency as legal tender, at times as its exclusive legal tender or concurrently with its domestic currency. Some jurisdictions may forbid or restrict payment made by other than legal ...
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George VI
George VI (Albert Frederick Arthur George; 14 December 1895 – 6 February 1952) was King of the United Kingdom and the Dominions of the British Commonwealth from 11 December 1936 until Death and state funeral of George VI, his death in 1952. He was also the last Emperor of India from 1936 until the British Raj was dissolved in August 1947, and the first Head of the Commonwealth following the London Declaration of 1949. The future George VI was born in the reign of his great-grandmother Queen Victoria; he was named Albert at birth after his great-grandfather Albert, Prince Consort, and was known as "Bertie" to his family and close friends. His father ascended the throne as George V in 1910. As the second son of the king, Albert was not expected to inherit the throne. He spent his early life in the shadow of his elder brother, Edward VIII, Prince Edward, the heir apparent. Albert attended naval college as a teenager and served in the Royal Navy and Royal Air Force during the W ...
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Indian Paisa
The Indian paisa ()(plural: ''paise'') is a (one-hundredth) subdivision of the Indian rupee. The paisa was first introduced on 1 April 1957 after decimalisation of the Indian rupee. In 1955, the Government of India first amended the ''Indian Coinage Act'' and adopted the "metric system for coinage". From 1957 to 1964, the paisa was called ''naya paisa'' () and on 1 June 1964, the term "naya" was dropped and the denomination was named ''paisa''. Paisa has been issued in 1, 2, 3, 5, 10, 20, 25, and 50 paise coins. History Prior to 1957, Indian rupee was not decimalised and the rupee from 1835 to 1957 was further divided into 16 annas. Each anna was further divided to four Indian pices and each pice into three Indian pies till 1947 when the pie was demonetised. Coins Naya paisa series (19571964) Paisa series (19642009) Mint mark * No mintmark = Kolkata * ⧫ = Mumbai mint * B = Mumbai Proof issues * * = Hyderabad * ° = Noida Noida, short for New Okhla Industrial ...
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