New Currency Symbol for Indian Rupee

by khalid on 28/06/2010 · 2 comments

India decided to have a symbol for its currency “Rupee” like the other developed nations have. So Government has launched a contest and asked the country men to design a symbol for Rupee. Now finally a list of five symbols short listed from the contest entries. Now out of these five finalist whichever symbol wins, the artrist will get a prize money of 2.5 lac rupee.

At present we don’t have a character like US $ or Pound £ or Euro E. for our Indian Rupee. RS is something that is getting used by all the surrounding country and they wanted a new symbol and that will used after approval from RBI in next week.

“In the ensuing year, we intend to formalise a symbol for the Indian rupee, which reflects and captures the Indian ethos and culture,” Finance Minister Pranab Mukherjee announced in his Budget speech in Parliament.

For more details , have a look :-

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{ 1 comment… read it below or add one } June 29, 2010

RTI Activist exposed violation of guidelines and biased selection process in “Indian Rupee Symbol” design competition.

According to RTI Documents :

1. Non-eligible candidate was shortlisted in top five finalists.
2. One finalist was in contact with Finance Ministry and RBI prior to competition.
3. Design concept or brief was not put in front of jury along with Indian Rupee symbol design.
4. No marks or grades were allotted to selected (2644) candidates design entries, in the process of shortlisting top five finalist design entries.
5. Jury had spends less than 20 seconds on each design entries to analyze it .
6. Three jury member were absent in two days long meeting dated 29th Sept. and 30th Sept. 2009.
7. One jury member from Ministry of Culture was absent on the day of final presentation.
8. All seven jury member had never meet in this whole selection process in any given time.
9. No records are available with Finance Ministry which could indicated, how many total design entries Finance Ministry had received ?


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