Business Standard

Restrict Minting

Image

Mahesh Kapasi BSCAL

The government has stopped minting coins of 1, 2 and 5 paise, and very limited coins are minted for 10 paise.

I feel that minting of 10 paise coins should also be stopped. Coins of less than 25 paise have become redundant. Even pricing should be rounded off to close to 25 paise as at present many commodities are priced at paise 63, 57 and so on. If we round off prices, it can facilitate easier calculations and accounting and save time.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Nov 27 1997 | 12:00 AM IST

Explore News