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Posted by Sara | Opinion | Thursday 15 July 2010 5:52 am
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RupeeThere is a huge uproar among the government officials who have proposed the change of symbol of the Indian currency. Although this proposal was made in order to enter the elite club of currencies for recognition. Five designs are shortlisted for the symbol by the ministry given by the public. For the time being the decision is deferred by the finance minister Pranab Mukherjee.

Cabinet defers decision on rupee symbol


New Delhi, June 24 (PTI) The rupee’s entry into the elite club of currencies with their own symbols will take longer with the government today deferring a decision on the issue.

The Cabinet was to finalise the symbol today, but the matter was deferred after Finance Minister Pranab Mukherjee asked for more time to go through the short-listed signs, sources said.

The issue was on the agenda of the Cabinet, which met under the chairmanship of Prime Minister Manmohan Singh here, but was deferred, sources said.

The government has shortlisted five designs for the rupee from among the symbols suggested to the Ministry of Finance by the public.

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

The decision may be pending but the public participated in the great enthusiasm to submit the symbols with the most artistic touch to the letter ‘R’.

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