Example of a responsible ministry
The Indian Ministry of Finance has announced a public competition to select a design for the new symbol of the rupee. Currently, rupee has no globally recognised symbol like the Dollar, Pound, Yen, or the Euro. The word “rupee” originated from the word ‘rup’ or ‘rupa’ which means ‘silver’. The rupee is generally abbreviated to Rs or INR (Indian National Rupee). To encourage participants, Government has also promised a prize money of Rs 25,000 to the five shortlisted participants and whopping Rs 2,50,000 for the winner.
One should not forgot that changing the currency symbol can be a costly exercise for the government. For example, when Euro was introduced after the replacement of guilder in 1999, it cost Europe’s biggest companies more than $50 billion to update their computer systems. Europe had to replace 70 billion coins which was an expensive proposition. Turkey too changed its currency. In January 2009, Turkey officially started using the Turkish Lira (TL) instead of Yeni Turkish Lira (YTL).
The Indian Ministry of Finance has announced a public competition to select a design for the new symbol of the rupee. Currently, rupee has no globally recognised symbol like the Dollar, Pound, Yen, or the Euro. The word “rupee” originated from the word ‘rup’ or ‘rupa’ which means ‘silver’. The rupee is generally abbreviated to Rs or INR (Indian National Rupee). To encourage participants, Government has also promised a prize money of Rs 25,000 to the five shortlisted participants and whopping Rs 2,50,000 for the winner.
One should not forgot that changing the currency symbol can be a costly exercise for the government. For example, when Euro was introduced after the replacement of guilder in 1999, it cost Europe’s biggest companies more than $50 billion to update their computer systems. Europe had to replace 70 billion coins which was an expensive proposition. Turkey too changed its currency. In January 2009, Turkey officially started using the Turkish Lira (TL) instead of Yeni Turkish Lira (YTL).
For More IIPM Info, Visit below mentioned IIPM articles.
2012 : DNA National B-School Survey 2012
Ranked 1st in International Exposure (ahead of all the IIMs)
Ranked 6th Overall
Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM B-School Facebook Page
IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail
IIPM Links
IIPM : The B-School with a Human Face
IIPM - FLP (Flexi Learning Program)
Ranked 1st in International Exposure (ahead of all the IIMs)
Ranked 6th Overall
Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM B-School Facebook Page
IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail
IIPM Links
IIPM : The B-School with a Human Face
IIPM - FLP (Flexi Learning Program)
