Price-rise and coins

Both Union Finance Ministry and Reserve Bank of India are caring more for beggars instead of normal-earning commoners when they are forcing two-rupee coins instead of one-rupee coins in name of ?increasing popularity? of two-rupee coins. Traders and others taking coin-bags from counters of Reserve Bank of India and other banks have no other option than to forcibly accept two-rupee coins even though they are more comfortable with one-rupee coins, thus making RBI claiming a gimmick graph for alleged increasing popularity of two-rupee coins. RBI is thus helping beggars who are the only beneficiaries by getting two-rupee coins now as being the available coin in smallest denomination.<BR><BR>

Forcing two-rupee coins is virtually also responsible for price-rise. Shopkeepers if persisted pay back unwanted items like toffees etc in name of non-availability of one-rupee coins. Best is to abolish denomination of two-rupee in coins altogether and minting coins only in denominations of rupee one, five and ten with reduced sizes for easy carrying and also to save on minting-cost. Government should either altogether discontinue denomination in ?paise? or should continue minting at least 50-paise coins because even most newspapers though priced at rupees 2.50, are practically available at rupees 3 because of non-availability of 50-paise coins.<BR>

MADHU AGRAWAL <BR>

(Guinness Record Holder for letters in Newspapers)<BR>

1775 Kucha Lattushah<BR>

Dariba DELHI 110006 (India)<BR>

Tel 23253636<BR>

Mobile 9810080011 <BR>

Fax 23254036<BR>

E-mail subhashmadhu@sify.com<BR>
Web www.subhashmadhu.com