Indian 50 paise coins-III

50 paise: 50th year of independence

The reverse shows the denomination, the country, and the four headed lion symbol at the top.

This coin was minted in the commemoration of the completion of fifty years of independent India. India got its independence in 1947, and this coin was minted fifty years after that, ie in 1997. The Hindi inscription reads "swatantrata ka 50van varsh", which means the 50th year of Indian independence. The same is written in English as well. The figure shows Mahatma Gandhi leading many Indians in the Indian freedom struggle. In particular, it depicts the event of Dandi march. The British had imposed a tax on salt, and Gandhi decided to do a salt satayagrah.

The Salt Satyagraha was a campaign of non-violent protest against the British salt tax in colonial India which began with the Salt March to Dandi on March 12, 1930. It was the first act of organized opposition to British rule after Purna Swaraj, the declaration of independence by the Indian National Congress. Mahatma Gandhi led the Dandi march from his Sabarmati Ashram to Dandi, Gujarat to make salt tax free, with growing numbers of Indians joining him along the way. When Gandhi broke the salt laws in Dandi at the conclusion of the march on April 6, 1930, it sparked large scale acts of civil disobedience against the British Raj salt laws by millions of Indians. This event was very significant in India's struggle for independence.

The image shown on the coin's obverse, the Dandi March , has also been immortalized in various places as a statue, or rather a series of statues of Mahatma Gandhi and his followers.

50 paise: national integration

The reverse shows the denomination, country and the four headed lion symbol. The obverse shows the map of India, and a map within it. The small dots on the left are the Lakshadweep Islands, and the line of dots below the "national integration" inscription and the Andaman and Nicobar Islands. The Hindi inscription above the map reads "rashtriya ekta" which means national integration. The date can be seen at the bottom.

See also: National integration UNC set

50 paise: 50 years of RBI

The reverse shows the denomination, country, the four headed lion symbol, and "satyamev jayate" is written in Hindi. It means : truth alone triumphs. This was a question to Jamal Malik in the movie Slumdog Millionaire, for which he took an audience poll. The movie recently won as many as eight Oscars.

The reserve Bank is the Federal Bank of India and performs the following functions:
1)Monetary Functions in India: Formulates, implements and monitors the monetary policy – to ensure price stability and optimum flow of credit to productive sectors.
2)Regulatory and supervisory functions in India: Prescribes broad parameters of banking operations within which the country's banking and financial system operates - to maintain public confidence in the system, protect depositors' interest and provide cost-effective banking services to the public.
3)Management of Foreign Exchange in India: Manages the Foreign Exchange - to facilitate external trade and payment and promote orderly development and maintenance of foreign exchange market in India.
4)Issuance of currency in India: Issues and exchanges or destroys unfit currency and coins - to cater the public with adequate quantity of supplies of good quality currency notes and coins. 5)Developmental functions in India: Performs a wide promotional functions to meet national objectives.
6)Other Related Functions: Banker to the Government of India: performs merchant banking function for the central and the state governments; also acts as their banker.
The inscription at the bottom on the obverse reads "swarna jayanti" which means golden jubilee. The same is written in English as well. The Reserve Bank of India can be read in English and Hindi both. The Reserve Bank was established in 1935, and completed its 50 years in 1985. The symbol on the obverse shows a lion and a palm tree. This symbol is the mascot of the Reserve Bank of India. This symbol was adapted from the lion and palm tree was taken from the golden mohur (15 rupees) of William iiii. The mohurs of William iiii were the first proof coins minted in India.