Indian rupee set to get a new symbol
Agencies
Write Comment
E-Mail To a Friend
Facebook
Twitter 
Print New Delhi, 24 June 2010: The Indian rupee will soon join the elite club of major currencies like the dollar, euro, pound sterling and yen to have a unique identification symbol. The Cabinet will decide on the matter on Thursday and is likely to approve a symbol reflecting the Hindi alphabet standing for ’R’. The proposal involves a list of 5 symbols for the Indian rupee drawn up by the Finance Ministry, which reflect India’s ethos and culture. The 5-shortlisted signs are simple, easy to write and designed to appeal to Indian and international community.
The proposal, said to be prompted by the growing influence of the Indian economy in the global arena, involves a shortlist of five symbols for the Indian rupee drawn up the finance ministry, reflecting the Indian ethos and culture.
The rupee is only referred to by the abbreviation ’Rs’ or ’Re’ or sometimes as INR while major foreign currencies have their own distinct symbols, in addition to their abbreviations -- USD etc. The same abbreviated forms -- ’Rs’ or ’Re’ -- are also used in neighbouring countries such as Pakistan, Nepal and Sri Lanka.
| Comments on this Article | |
| Saverupeesymbol@yahoo.com, India | Sat, June-26-2010, 5:13 |
| RTI Activist had already exposed violation of guidelines and biased selection process in “Indian Rupee Symbol†design competition. According to RTI Documents : http://www.saveindianrupeesymbol.org 1. No records are available with Finance Ministry which could indicated, how many total design entries Finance Ministry had received ? 2. Non-eligible candidate was shortlisted in top five finalists. 3. One finalist was in contact with Finance Ministry and RBI prior to competition. 4. Design concept or brief was not put in front of jury along with Indian Rupee symbol design. 5. No marks or grades were allotted to selected (2644) candidates design entries, in the process of shortlisting top five finalist design entries. 6. Jury had spends less than 20 seconds on each design entries to analyze it. 7. One jury member from Ministry of Culture was absent on the day of final presentation. 8. Three jury member were absent in two days long meeting dated 29th Sept. and 30th Sept. 2009 9. All seven jury member had never meet in this whole selection process. | |
Now open at Al Qusais
Weekly e-Magazine
Call : 91 9482810148
Konkani Literature World
