The Union Government on Thursday said that it will release a commemorative coin of Rs 75 to mark the inauguration of the new Parliament building. In a gazette notification issued on May 25, the Finance Ministry said that the coin will be issued under the rule 'Coinage (Issue Of Commemorative Coin on the occasion of Inauguration of New Parliament Building) Rules, 2023. "The coin of Rs 75 denomination shall be coined at the Mint for issue under the authority of the Central Government on the occasion of Inauguration of New Parliament Building," it said. 


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The coin will have a diameter of 44 mm and it will have 200 serrations. The coin will be made up of 50 per cent silver, 40 per cent copper, 5 per cent nickel and 5 per cent zinc. "The face of the coin shall bear the Lion Capitol of Ashika Pillar in the centre with the legend 'Satyamev Jayate' in Hindi inscribed below, flanked on the left periphery with the word 'Bharat' in Devnagri script and on the right periphery with the word 'India' in English. It shall also bear the Rupee symbol and denominational value 75 in the international numerals below the Lion Capitol," said the ministry.


On the reverse of the coin, there will be an image of the Parliament Complex. "The inscription 'Sansad Snakul' shall be written in Devnagri script on the upper periphery and the inscription 'Parliament Complex' in English shall be written on the lower periphery of the coin. The year 2023 in international numeral shall be written below the image of Parliament Complex," it further said. The weight of the coin will be 35 grams.  


Prime Minister Narendra Modi will inaugurate the new Parliament building on May 28. PM Modi will also install the ceremonial sceptre 'Sengol' in the new Parliament building. The 'Sengol' was given to the first prime minister Jawaharlal Nehru to symbolise the transfer of power in August 1947. Prime Minister Narendra Modi had laid the foundation stone of the New Parliament Building on December 20 in 2020. The new Parliament also has a National Emblem made of bronze with a total weight of 9500 Kg and is 6.5m in height. It has been cast at the top of the Central Foyer of the New Parliament Building. A supporting structure of steel weighing around 6500 Kg has been constructed to support the Emblem.