The Indian rupee will soon sport a new symbol. The Union ministry of finance is organising a public competition to design one. The designer of the finally selected symbol will be awarded Rs 2.5 lakh but will have to surrender the copyright to the government of India.
According to a circular (No 10/8/06-Cy.II) issued by B S Rawat, deputy secretary, department of economic affairs, ministry of finance, most countries in the world have distinct identification symbols for their currencies — $ represents the US dollar and £ is used for the British pound — but there is still no official currency symbol for the Indian rupee. Only ‘Rs’ is used to represent it, and India shares the abbreviated form of the rupee with Pakistan, Nepal, Seychelles and Sri Lanka.
Reserve Bank of India (RBI) officials, whose persistent efforts finally yielded results, welcomed the move and said the initiative should have been l a u n ch e d decades ago.
The jury of examiners comprises seven members drawn from institutes such as the Sir J J Institute of Applied Art, National Institute of Design, Lalit Kala Akademi, Indira Gandhi National Centre for the Art & Culture as well as officials from the government and the RBI. Members of the jury will look for symbols that represent the widely accepted historical and cultural ethos of the country.
Among the guidelines mentioned for designing the symbol are that the symbol should be applicable to a standard keyboard, and be in the Indian national language script or a visual representation. A participant can send a maximum of two entries.
The shortlisted designers will receive Rs 25,000 for their efforts. The last date for submission of entries is April 15.
No comments:
Post a Comment