
No plans to introduce Rs 50 coin, public prefers notes due to light weight: Centre tells Delhi HC
In its affidavit filed on Tuesday, the Ministry cited findings from a 2022 Reserve Bank of India (RBI) survey, which revealed that users often avoid coins due to their weight, size, and lack of distinctiveness, factors that make banknotes more practical for daily use.
The Ministry explained that coin issuance depends on public acceptance, usage patterns, and economic considerations, and as of now, a Rs 50 coin is not under consideration.
This submission responded to a petition by advocate Rohit Dandriyal, who urged the government and the RBI to introduce a Rs 50 coin to enhance accessibility for visually impaired citizens. Dandriyal highlighted that Rs 50 notes currently lack tactile features, unlike other denominations, making them difficult to identify and use.
The matter was heard by Chief Justice DK Upadhyaya and Justice Anish Dayal. The court granted the petitioner time to review the affidavit and respond, setting the next hearing for September 17.
The government acknowledged that most denominations incorporate accessibility elements like intaglio printing and varied sizes. However, it admitted that Rs 50 notes lack such tactile markers. Additionally, simultaneous circulation of both old and new Mahatma Gandhi Series notes may contribute to confusion for those with partial vision.
To address accessibility, the RBI launched the MANI app (Mobile Aided Note Identifier) in 2020 to help visually impaired users recognise note denominations through audio assistance. In 2019, a redesigned coin series was introduced, including Rs 1, Rs 2, Rs 5, Rs 10, and Rs 20, but did not include a Rs 50 coin.
Previously, the Delhi High Court had directed the Centre and the RBI to examine the design and accessibility of currency in light of the challenges faced by visually impaired individuals. (ANI)
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Economic Times
a minute ago
- Economic Times
Vijay Kedia-owned SME stock jumps 16% in 2 days as unit eyes Nasdaq IPO
Kedia holds a 14.6% stake in the company, one of only three stocks in his portfolio where his holding is above 10%. Synopsis Tac Infosec shares surged following its U.S. subsidiary, CyberScope's, announcement of a planned Nasdaq IPO, a first for an India-listed cybersecurity firm. Veteran investor Vijay Kedia, holding a significant 14.6% stake, has seen his investment appreciate. The stock's performance shows short-term strength but longer-term weakness, with mixed technical indicators. Veteran investor Vijay Kedia's portfolio stock Tac Infosec surged as much as 5% on Wednesday to Rs 985.7 on the BSE, extending a two-day rally to 15.8%, after its U.S.-based subsidiary announced plans to pursue a Nasdaq listing, marking a first-of-its-kind move for an India-listed cybersecurity firm. ADVERTISEMENT Kedia holds a 14.6% stake in the company, one of only three stocks in his portfolio where his holding is above 10%. The other two are Atul Auto and Innovators Facade Systems, in which he owns 20.9% and 10.7% respectively. Tac Infosec, in a press release, said its wholly owned subsidiary, CyberScope Web3 Security Inc., incorporated in the Cayman Islands, has approved filing a confidential Draft Registration Statement with the U.S. Securities and Exchange Commission for a proposed Nasdaq Capital Market IPO. 'This is a truly historic milestone, not only for TAC InfoSec but also for India's wider technology and cybersecurity landscape. By embarking on the path towards a Nasdaq listing, CyberScope is taking a bold step that elevates its vision and innovation to the global arena,' said Trishneet Arora, Founder and CEO of TAC Tac Infosec stock, listed on the NSE in April 2024, has gained 7% over the last month and 57% over the past year. ADVERTISEMENT From a technical perspective, the stock is trading above five of its eight key simple moving averages (5-day to 50-day), suggesting short-term strength, while lagging its 100-day, 150-day, and 200-day SMAs, indicating longer-term weakness. The Relative Strength Index stands at 53.3, while the MACD remains below the centre line. Unlock 500+ Stock Recos on App Kedia, one of India's most closely tracked investors, began investing at 19 and set up Kedia Securities in 1992. His publicly disclosed portfolio, according to Trendlyne, spans 14 companies with a combined market value of over Rs 1,228.1 crore. ADVERTISEMENT Also read | Vijay Kedia exits Tata stock after making multibagger returns in 5 years (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel) NEXT STORY
&w=3840&q=100)

Business Standard
3 minutes ago
- Business Standard
Russia invites Indian exports as US tariffs hit trade, defends oil ties
India can sell more of its products to Russia if it faces challenges in the US market, a senior Russian diplomat said on Wednesday, defending New Delhi's continued purchase of Russian crude oil despite mounting American pressure. At a press conference in New Delhi, Russian Deputy Chief of Mission Roman Babushkin called Washington's stance on India's energy trade with Moscow 'unjustified' and 'unilateral". 'If Indian goods are facing difficulties entering the US market, the Russian market is welcoming Indian exports,' he said. 'The sanctions are hitting those who are imposing them. It is a challenging situation for India but we have trust in our ties. We are confident that India-Russia energy cooperation will continue notwithstanding the external pressure.' #WATCH | Delhi | Roman Babushkin, Chargé d'Affaires of the Russian Embassy in India, says, " (EAM) Dr S Jaishankar is in Moscow. He will meet Mr Lavrov tomorrow. They will discuss everything important, including global issues." — ANI (@ANI) August 20, 2025 'India-Russia ties built on complementarity' Babushkin stressed that Moscow remains India's largest crude oil supplier and that the two economies complement each other. 'Let's proceed from the fact that Russia is the biggest supplier to India of crude oil. And India's demands are growing year by year. Certainly, this is a perfect case of mutual accommodation and complementarity of our economies. We are quite certain that our cooperation will continue,' he said. The Russian diplomat's remarks came a day after White House Press Secretary Karoline Leavitt said US President Donald Trump had imposed new tariffs on India to "discourage" Russia from continuing the Ukraine conflict. A 25 per cent duty is set to take effect on August 27, with Washington already warning of sanctions on countries purchasing Russian oil. India and China are the two largest buyers. Jaishankar in Moscow as tensions rise The comments also coincided with External Affairs Minister S Jaishankar's three-day visit to Russia, where he is scheduled to meet Foreign Minister Sergei Lavrov. According to Babushkin, Western nations cannot be trusted to treat India as an equal partner. 'If India refuses Russian oil, it will not lead to equal cooperation with the West in general because it is not in the Western nature, which was clearly demonstrated in recent years. They behave like neocolonial powers that think of their own benefit. This pressure is unjustified and unilateral,' he said. He added, 'If the West criticises you, it means you are doing everything right. We don't expect that to happen (India to stop buying oil from Russia). We know about the challenging circumstances for India. This is the true strategic partnership we are enjoying.' Putin-Modi talks underline partnership Babushkin also highlighted the recent phone call between Prime Minister Narendra Modi and Russian President Vladimir Putin. 'The recent phone call by President Putin to PM Modi ji, explaining and sharing the information about recent developments in Ukraine, means India matters a lot to Russia. We are capable of finding any solution for mutual satisfaction. The deepening of our partnership will help us grow together,' he said. He pointed out that despite years of Western sanctions, bilateral trade had grown significantly. 'We have seen this problem of sanctions for many years now, but our trade is growing. In recent years, our trade has grown by seven times,' he noted. Russia slams US 'double standards' The Russian diplomat criticised Washington for straining ties with New Delhi while calling itself a partner. 'As we all know, the sanctions are a tool of unlawful competition. It's always about double standards. A lack of trust, blackmail and pressure, as well as disrespect of national interests. Friends don't behave like that,' he said. He added that Russia and Brics countries never impose sanctions, calling non-UN and secondary sanctions 'illegal". 'They just weaponise the economy. Despite the tremendous sanction pressure on Russia, you will see the Russian economy is growing steadily,' he said. US tariffs hit Indian exports On August 6, Trump announced an additional 25 per cent duty on Indian goods over New Delhi's continued oil imports from Russia. He later doubled the tariff to 50 per cent, the highest imposed on any country apart from Brazil. Key Indian export sectors such as textiles, leather, and marine products are expected to be badly hit. India condemned the move as 'unfair, unjustified and unreasonable'. Prime Minister Modi has said New Delhi will not bow to economic pressure. Leavitt later clarified that the sanctions aimed to put 'secondary pressure on Russia.' She added, 'The president has put tremendous public pressure to bring this war to a close. He's taken actions, as you've seen, sanctions on India and other actions as well.' (With ANI inputs)
&w=3840&q=100)

Business Standard
3 minutes ago
- Business Standard
Earnings recovery can revive value funds, invest with 5-year horizon
Allocation to these funds is essential for style diversity within portfolio premium Sarbajeet K Sen Listen to This Article Value funds delivered strong returns in 2023 (up 35.2 per cent) and 2024 (20.1) per cent. However, they have had a turbulent 2025, with a category average loss of 2.8 per cent over the previous year. Despite this, investors remain optimistic, pouring in Rs 1,470 crore in July 2025. As many as 38 schemes managed assets worth Rs 2.04 trillion (as on July 31), according to data from the Association of Mutual Funds in India. 'Value funds had a good run over three to four years as the economic recovery played out post-Covid. Some cyclical adjustment may have played out