RBI to issue Rs 10 coins on Ambedkar's 125th birth anniversary

Reserve Bank today said it will soon issue Rs 10 coins to commemorate the occasion of 125th birth anniversary of B R Ambedkar.
"The Government of India has minted Rs 10 coins to commemorate the occasion of 125th birth anniversary of Dr B R Ambedkar which the Reserve Bank will shortly put into circulation," the apex bank said in a notification.
On the design details, the obverse of the coin will bear the Lion Capitol of Ashoka Pillar in the centre with the legend 'Satyamev Jayate' 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 and it shall also bear the Rupee symbol and denominational value '10' in the international numerals below the Lion Capitol, RBI said.
"On the reverse, the coin will bear the portrait of Ambedkar in the centre,...'125th BIRTH ANNIVERSARY OF Dr B R AMBEDKAR' in English on the lower periphery", RBI said.
The coin will carry the year '2015' written in the international numerals below the portrait of Ambedkar.

RBI said the coins are legal tender as provided in The Coinage Act 2011.
(REOPENS DCM57)
Reacting on RBI's concept paper on P2P lending, one of the lenders in the sector Faircent said it will bode well for the industry if the guidelines are framed intelligently.

"If the guidelines are framed in an intelligent, prudent and practical manner it is always good for any industry. The regulator is an equal partner in the growth and value provided to the consumers," said Rajat Gandhi Founder and CEO Faircent.
If regulations are given out keeping in mind the interest of the consumers they bring immense value like the company has seen worldwide in the case of P2P lending, he said.