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Friday, May 3, 2013

Five rupee coins - X

5 rupee, C. Subramaniam
5 rupee c subramaniam
Chidambaram Subramaniam was the man who ushered in an era of self sufficiency in food production in india. He was commonly referred to as the “Father of the Green Revolution” after he introduced a new variety of wheat seed that transformed Indian agriculture and helped the country achieve self-sufficiency in grain production. Subramaniam received a degree in physics from Presidency College, University of Madras, and a law degree from Madras Law College. In the early 1940s he was imprisoned by the British authorities, and after India gained independence (1947) he was a member of the Constituent Assembly that drafted the Indian constitution. Subramaniam was elected to the Lok Sabha (lower house of parliament), held various ministerial offices in Madras state and in the national cabinet, served (1990–93) as governor of Maharashtra state, and published a multivolume autobiography, Hand of Destiny (1993). In 1998 he was awarded the Bharat Ratna, India’s highest civilian honour.


5 rupee, Platinum jubilee of RBI
5 rupee rbi platinum jubilee
This coin was issued on the occasion of 75 years or platinum jubilee of the reserve bank of India which 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. 


5 rupee: 60 years of parliament 1952-2012
5 RUPEE 60 YEARS PARLIAMENT

This one is to commemorate 60 years of the Indian parliament , which started in 1952. It has two houses: the upper house or the Rajya Sabha, and the lower house or the Lok Sabha. The members of the lok Sabha elect our prime minister by way of voting, who is then invited by the President to form his own government. There is also an elected speaker for the house. The Lok Sabha has members elected by the common voters, whereas the Rajya Sabha has members who are well known in their own fields and generally have some distinguished achievement. The members of the Rajya Sabha and Lok Sabha together are responsible for making new laws as well as making amendments in the existing laws.

13 comments:

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