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Govt to issue commemorative coins for CAG

It would be 150 years since Indians started paying income tax.



New Delhi: The Comptroller and Auditor
General of India may have embarrassed the government
unearthing scams like 2G spectrum and Commonwealth Games
projects, but the Finance Ministry will issue a commemorative
coin this year on CAG completing 150 years.

"This year is very important for the Finance Ministry as
CAG has completed 150 years. I have received a request to
celebrate this occasion by issue of a coin," Finance Minister
Pranab Mukherjee said in the Rajya Sabha today.

Also, it would be 150 years since Indians started paying
income tax. The Income Tax Act, 1861 was originally framed by
James Wilson. Initially, the tax was imposed for five years
...but continues till date, he said.

As Mukherjee talked about celebrations of 150 years of
CAG, there was laughter in the Opposition benches which have
been trying to corner the government over CAG reports on 2G
spectrum allocation and Commonwealth Games.

The Finance Minister looked rather amused. "I will ask
them to mint more coins...you can buy," he said.

He made these remarks while replying to a debate on the
Coinage Bill, 2009 which repeals four earlier Acts, including
that of Metal Tokens Act of 1889, combining them into one.

PTI

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