Why do we have Mahatma Gandhi on Indian currency?

In 1969 a commemorative design series in honour of the birth centenary celebrations of Mahatma Gandhi was issued depicting a seated Gandhi with the Sevagram Ashram as the backdrop. Cost benefit considerations prompted the Bank to introduce Rs. 20 denomination notes in 1972 and Rs.

Is Gandhi on any currency?

Management of Currency had to cope with the rising demands of a growing economy, together with a fall in purchasing power. The Rs. 500 note was introduced in October 1987 with the portrait of Mahatma Gandhi. The water mark continued to be the Lion Capital, Ashoka Pillar.

What did Gandhi say about money?

Seek not greater wealth, but simpler pleasure; not higher fortune, but deeper felicity. The rich cannot accumulate wealth without the co-operation of the poor in society. A man’s true wealth hereafter is the good he has done to his fellowmen.

When did Mahatma Gandhi first appear on currency notes?

1969
Mahatma Gandhi first featured on currency notes in 1969. Mahatma Gandhi first featured on Indian currency notes in 1969 when a design series in honour of the 100th birth celebrations of the leader was issued.

When did currency start in India?

The introduction of small denomination notes in India was essentially in the realm of the exigent. Compulsions of the first World War led to the introduction of paper currency of small denominations. Rupee One was introduced on 30th November, 1917 followed by the exotic Rupees Two and Annas Eight.

Is there 10000 rupees note in India?

It was first introduced by the Reserve Bank of India in 1938 under British rule and subsequently demonetized in 1946. Post-independence, the denomination was re-introduced in 1954. In January 1978, all high-denomination banknotes of ₹1000, ₹5,000, and ₹10,000 were demonetized in order to curb unaccounted cash money.

Who is on Indian money?

Indian rupee
India/Currencies

What Bill is Gandhi on?

The Gandhi Series of banknotes are issued by the Reserve Bank of India (RBI) as the legal tender of Indian rupee. The series is so called because the obverse of the banknotes prominently display the portrait of Mahatma Gandhi.

What according to Gandhiji should the rich do with their wealth?

Tech magnate and Wipro Ltd’s founder-chairman Azim Premji on Tuesday said Mahatma Gandhi’s idea that the wealthy must be trustees of their wealth for the good of the people resonated with him much before he became rich.

How did Gandhi ease poverty?

Finding extreme poverty and famine in his own Gujarat province, Gandhi led an initiative to clean up the area, install new schools and build hospitals. His most famous protest came in 1930, when Gandhi led thousands of Indians on a 250-mile march to a coastal town to produce salt, on which the British had a monopoly.

Is Indian money backed by gold?

All banknotes issued by RBI are backed by assets such as gold, Government Securities and Foreign Currency Assets, as defined in Section 33 of RBI Act, 1934.

Is Mahatma Gandhi’s face on the Indian currency note?

This particular moment was captured by an unknown photographer, back in 1946; one year from India’s Independence. Much later the face of Mahatma Gandhi was cropped and featured on the present Indian Currency.

What do we know about Gandhi’s family?

Following his autobiography, 5 some documentary material and some chronicles written by Gandhi with regards to South Africa Satyagraha, 6 we learn some things about his family. His father is stern but fair, a Diwan of Porbandar and Rajkot, and Putalibai as his kind, religiously orthodox mother.

Is Gandhiji’s portrait a caricature?

You’ll be surprised to know that the chosen portrait of Mohandas Karamchand Gandhi is not a caricature, after all. Yes, this is a real image of Gandhiji smiling, which was captured when he visited Lord Fredrick Pethick Lawrence to then Viceroy’s house (presently Rashtrapati Bhavan).