Saturday, July 24, 2010

Govt approved rupee to have new symbol

Govt has approved Indian rupee to have brand new symbol

The government has approved new symbol in Indian rupee. Union Information and Broadcasing minister, Ambika Soni annouced today at a press meet in capital.

The rupee will retain its Indian character with an international flavour. The five-member panel has chosen IIT post-graduate D Udaya Kumar’s design from among five shortlisted symbols and recommended it for Cabinet approval.

The symbol is an amalgam of the DevanagariRa’ and the Roman capital ‘R’ without the stem, very much in line with what Finance Minister Pranab Mukherjee had envisioned. The chosen symbol got the Finance Minister’s approval.

The Ministry had organised a symbol design competition with a prize money of Rs2.5 lakh with the condition that it should be applicable to the standard keyboard, be in the national language script or a visual representation and should represent the historical and cultural ethos of the country.


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