New Rupee Symbol to be Unveiled Today

After ages passed by, Government has decided to give our desi Rupya a symbol, like US Dollar, British Pound and Euro are recognized with a unique symbol.

There are 5 shortlisted designs which are unique and has used Devanagari script 'R' crossed with lines. The view of many economists around the country is that the new symbol should be easy to write and should reflect the Indian Community and tradition.

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

There are lot of speculation about the 5 designs selected as some sources revealed that the five finalists with the shortlisted designs are incorrect, however if any of these symbols selected the winner would get 2.5 lacs reward. They have not got any information from the finance ministry after the presentation was made in December.

Finance Minister seems to be keeping the suspense and is gonna come up with a new design of his own.

Lets wait and Watch, we will update the new symbol here as the moment it is released.


Save Rupee Design Symbol { June 25, 2010 at 3:55 AM }
RTI Activist exposed : Mismanagement and violation of guidelines in “Indian Rupee Symbol” design competition

According to RTI Documents :

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

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