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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 See also *Paisa *History of the rupee ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Indian Rupee
The Indian rupee ( symbol: ₹; code: INR) is the official currency in the republic of India. The rupee is subdivided into 100 ''paise'' (singular: ''paisa''), though as of 2022, coins of denomination of 1 rupee are the lowest value in use whereas 2000 rupees is the highest. The issuance of the currency is controlled by the Reserve Bank of India. The Reserve Bank manages currency in India and derives its role in currency management on the basis of the Reserve Bank of India Act, 1934. Etymology The immediate precursor of the rupee is the ''rūpiya''—the silver coin weighing 178 grains minted in northern India by first Sher Shah Suri during his brief rule between 1540 and 1545 and adopted and standardized later by the Mughal Empire. The weight remained unchanged well beyond the end of the Mughals until the 20th century. Though Pāṇini mentions (), it is unclear whether he was referring to coinage. '' Arthashastra'', written by Chanakya, prime minister to the first Ma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cupronickel
Cupronickel or copper-nickel (CuNi) is an alloy of copper that contains nickel and strengthening elements, such as iron and manganese. The copper content typically varies from 60 to 90 percent. (Monel is a nickel-copper alloy that contains a minimum of 52 percent nickel.) Despite its high copper content, cupronickel is silver in colour. Cupronickel is highly resistant to corrosion by salt water, and is therefore used for piping, heat exchangers and condensers in seawater systems, as well as for marine hardware. It is sometimes used for the propellers, propeller shafts, and hulls of high-quality boats. Other uses include military equipment and chemical, petrochemical, and electrical industries. Another common 20th-century use of cupronickel was silver-coloured coins. For this use, the typical alloy has 3:1 copper to nickel ratio, with very small amounts of manganese. In the past, true silver coins were debased with cupronickel, such as coins of the pound sterling from 1947 onwa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paisa
Paisa (also transliterated as ''pice'', ''pesa'', ''poysha'', ''poisha'' and ''baisa'') is a monetary unit in several countries. The word is also a generalised idiom for money and wealth. In India, Nepal, and Pakistan, the ''Paisa'' currently equals of a Rupee. In Bangladesh, the ''Poysha'' equals of a Bangladeshi Taka. In Oman, the ''Baisa'' equals of an Omani Rial. Etymology The word ''paisa'' is from the Sanskrit term ''padāṁśa'' (, basic unit), meaning 'quarter part base', from ''pada'' () "foot or quarter or base" and ''aṁśa'' () "part or unit". The pesa was also in use in colonial Kenya. The colloquial term for money in Burmese, ''paiksan'' (), is derived from the Hindi term ''paisa'' (). History Chaulukya coins were often called "Gadhaiya Paise" (9th-10th century CE). Until the 1950s in India and Pakistan (and before 1947 in British India), the paisa was equivalent to 3 pies, of an anna, or of a rupee. After the transition from a non-decimal currency to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
India Government Mint, Noida
The India Government Mint, Noida, is one of the four mints in India; based in Noida, in the state of Uttar Pradesh, the mint started production on 1 July 1988 and is the only India Government Mint established since India became an independent country in 1947. It produced the first stainless steel coins in India and aside from producing coins for its home country, it also produces coins for other countries. History In 1984, the Government of India decided to establish a new mint in the India city of Noida, Uttar Pradesh. With an estimated annual production capacity of 2,000 million coins, the new mint was established to cater to the increasing demand for coins in India. In January 1986 the project was started by the Department of Economic Affairs under the Ministry of Finance with a budget of . The mint was completed on time and began production on 1 July 1988. It produced the first stainless steel coins for India. Organisation Since 13 January 2006, the India Government Mint ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
India Government Mint, Hyderabad
India Government Mint, Hyderabad is one of the four mints in India. Based in Cherlapally, Secunderabad ( twin city of Hyderabad) in the Indian state of Telangana, the mint was originally established in 1803 AD as the ''Royal Mint'' to serve as the mint for the Nizam of Hyderabad. The mint was founded by Mir Akbar Ali Khan Sikander Jah, Asaf Jah III and was originally situated at Sultan Sahi in Moghalpura suburb of Hyderabad city. In 1950, the mint was taken over by the Government of India, and in 1997 it was shifted to its present location at Cherlapally in Secunderabad. Indian 1, 2, 5 and 10 rupee coins are produced in this mint. History Till early 19th century, mints were privately operated by wealthy businessmen (Sahus, Jagirdars and Omaras) in India. Licenses for minting coins were obtained by paying fees to the exchequer. The mints used to produce coins with the name of Emperor in Delhi. ''FIDVI'', ''QITAAB'' (title) and lettering "Yar-E-Wafadar" (trusted follower) wer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
India Government Mint, Mumbai
The India Government Mint, Mumbai is one of the four mints in India and is in the city of Mumbai. The mint was established in 1829 by the then governor of the Bombay Presidency. Its main activity is the production of commemorative and development-oriented coins. The mint is opposite the Reserve Bank of India in the Fort area of South Mumbai. Initially governed by the governor of the Bombay Presidency, it was transferred to the Government of India on 18 May 1876 through Finance Department Resolution 247. In 1918, a branch of the Royal Mint of London was set up to issue British sovereigns. In April 1919, after manufacturing 12.95 lakh (1.295 million) coins, it was shut down. Besides coins, the mint produces medals for Ministry of Defence, Ministry of Home Affairs, educational institutions, social service institutions, badges etc. It is also a centre for the issuance of gold ingots in exchange of unrefined gold tendered by licensed dealers. The institution has a department ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
India Government Mint, Kolkata
The India Government Mint, Kolkata was first established in 1757, and was located in a building next to the Black Hole in the old fort – where the GPO (General Post Office) stands today. It was called the Calcutta Mint and used to produce coins with the mint name Murshidabad. Second mint The second Calcutta Mint was established with the modern machinery brought in 1790 from England. It was located at the site of Gillet Ship building Establishment, which had been taken over by the Stamp and Stationary Committee in 1833. The coins issued from this mint continued to bear mint name Murshidabad. Third mint In March 1824, the foundation of the third Calcutta Mint was laid on Strand Road and was opened for production from 1 August 1829. Until 1835, coins issued at this mint continued to be in the name of the Murshidabad Mint. The imposing frontage of the building of the third Mint was based on a design of the Temple of Athena in Athens, Greece, usually known as the Parthenon. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Food And Agriculture Organization
The Food and Agriculture Organization of the United Nations (FAO)french: link=no, Organisation des Nations unies pour l'alimentation et l'agriculture; it, Organizzazione delle Nazioni Unite per l'Alimentazione e l'Agricoltura is an international organization that leads international efforts to defeat hunger and improve nutrition and food security. Its Latin motto, ', translates to "let there be bread". It was founded on 16 October 1945. The FAO is composed of 195 members (including 194 countries and the European Union). Their headquarters is in Rome, Italy, and the FAO maintains regional and field offices around the world, operating in over 130 countries. It helps governments and development agencies coordinate their activities to improve and develop agriculture, forestry, fisheries, and land and water resources. It also conducts research, provides technical assistance to projects, operates educational and training programs, and collects data on agricultural output, pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Demonetised
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Indian Paisa Symbol
Indian or Indians may refer to: Peoples South Asia * Indian people, people of Indian nationality, or people who have an Indian ancestor ** Non-resident Indian, a citizen of India who has temporarily emigrated to another country * South Asian ethnic groups, referring to people of the Indian subcontinent, as well as the greater South Asia region prior to the 1947 partition of India * Anglo-Indians, people with mixed Indian and British ancestry, or people of British descent born or living in the Indian subcontinent * East Indians, a Christian community in India Europe * British Indians, British people of Indian origin The Americas * Indo-Canadians, Canadian people of Indian origin * Indian Americans, American people of Indian origin * Indigenous peoples of the Americas, the pre-Columbian inhabitants of the Americas and their descendants ** Plains Indians, the common name for the Native Americans who lived on the Great Plains of North America ** Native Americans in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Emblem Of India
The State Emblem of India is the national emblem of the Republic of India and is used by the union government, many state governments, and other government agencies. The emblem is an adaptation of the Lion Capital of Ashoka, an ancient sculpture dating back to 280 BCE during the Maurya Empire. The statue is a three dimensional emblem showing four lions. It became the emblem of the Dominion of India in December 1947, and later the emblem of the Republic of India. History Following the end of British occupation on 15 August 1947, the newly independent Dominion of India adopted an official state emblem on 30 December 1947. The emblem consisted of a representation of the Lion Capital of Ashoka at Sarnath enclosed within a rectangular frame.Consti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
