66-643: Mangalampadu is a village in Nellore district of the Indian state of Andhra Pradesh . It is located in Sullurpeta mandal . Sullurpet is the nearest town to Mangalampadu, 13 km away. Sullurpet straddles NH 16 connecting Chennai and Kolkata. When coming from Sullurpet, taking a right turn at Elupuru Cross leads to Mangalampadu and this route rejoins the Kalahasti Road bypassing BN Kandriga. The nearest railway station
132-660: A coin of silver, weighing 178 grains (or 11.53 grams), which was also termed the rupiya . During Babur 's time, the brass to silver exchange ratio was roughly 50:2. The silver coin remained in use during the Mughal period , Maratha era as well as in British India . Among the earliest issues of paper rupees include; the Bank of Hindustan (1770–1832), the General Bank of Bengal and Bihar (1773–1775, established by Warren Hastings ), and
198-515: A gold currency. This goal, if it was their goal, the Government of India have never attained. In 1913, John Maynard Keynes writes in his book Indian Currency and Finance that during the financial year 1900–1901, gold coins (sovereigns) worth £6,750,000 were given to the Indian people in the hope that they would circulate as currency. But against the expectation of the Government, not even half of that
264-569: A gold standard should be adopted without delay...they recommended (1) that the British sovereign be given full legal tender power in India, and (2) that the Indian mints be thrown open to its unrestricted coinage (for gold coins only). These recommendations were acceptable to both governments and were shortly afterwards translated into laws. The act making gold a legal tender was promulgated on 15 September 1899, and preparations were soon thereafter undertaken for
330-497: A single coinage for the EIC was introduced. It consisted of copper 1 ⁄ 12 , 1 ⁄ 4 and 1 ⁄ 2 anna , silver 1 ⁄ 4 , 1 ⁄ 3 and 1 rupee and gold 1 and 2 mohurs. In 1841, silver 2 annas were added, followed by copper 1 ⁄ 2 pice in 1853. The coinage of the EIC continued to be issued until 1862, even after the company had been taken over by
396-616: Is Sullurpet, which is connected to Chennai Central by suburban trains running daily. There is a bus stop at Mangalampadu serviced by multiple bus routes. Sullurpet also has a bus stop serviced by KSRTC and APSRTC buses, with direct bus connectivity to Bangalore, Chennai, Tirupati and other cities and towns nearby. 13°44′N 79°56′E / 13.733°N 79.933°E / 13.733; 79.933 Nellore district Nellore district , officially known as Sri Potti Sriramulu Nellore district in Coastal Andhra Region,
462-513: Is one of the 26 districts in the Indian state of Andhra Pradesh . According to the 2011 Census , the district's population was 2,963,557 of which 29.07% was urban. Its administrative headquarters are located in Nellore city. Located in the Coastal Andhra region, the district is bordered by the Bay of Bengal to the east, Kadapa district and Annamayya district to the west, Prakasam district to
528-524: Is rarely seen in circulation. The coins are minted at the four locations of the India Government Mint . The ₹ 1, ₹ 2, and ₹ 5 coins have been minted since independence. The Government of India is set to introduce a new ₹ 20 coin with a dodecagonal shape, and like the ₹ 10 coin, also bi-metallic, along with new designs for the new versions of the ₹ 1, ₹ 2, ₹ 5 and ₹ 10 coins, which was announced on 6 March 2019. The Government of India has
594-459: Is subdivided into 100 paise ( Hindi plural; singular: paisa ). The issuance of the currency is controlled by the Reserve Bank of India . The Reserve Bank manages currency in India and derives its role in currency management based on the Reserve Bank of India Act, 1934 . Pāṇini (6th to 4th century BCE) mentions rūpya ( रूप्य ). While Shankar Goyal mentions it is unclear whether Panini
660-453: Is using blockchain distributed-ledger technology . British East India Company (EIC) was given the right in 1717 to mint coins in the name of the Mughal emperor Farrukhsiyar on the island of Bombay. By 1792 the EIC demonetised all other coins till they were reduced to only 3 types of coins, i.e. EIC, Mughal & Maratha coins. After EIC expanded its control over India, it brought the "Coinage Act of 1835" and started to mint coins in
726-559: The Reserve Bank in terms of the RBI Act . After independence, the Government of India Mint , minted numismatics coins imprinted with Indian statesmen, historical and religious figures. In the years 2010 and 2011, for the first time ever, ₹ 75, ₹ 150 and ₹ 1000 coins were minted in India to commemorate the Platinum Jubilee of the Reserve Bank of India , the 150th birth anniversary of
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#1732931832928792-411: The Reserve Bank of India (RBI). In 1997 the 20 paise coin was discontinued, followed by the 10 paise coin in 1998, and the 25 paise in 2002. Between 2005 and 2008 new, lighter fifty-paise, one-, two-, and five-rupee coins were introduced, made from ferritic stainless steel. The move was prompted by the melting-down of older coins, whose face value was less than their scrap value. The demonetisation of
858-566: The Royal Mint in Sydney . In an 1864 attempt to make the British gold sovereign the "imperial coin", the treasuries in Bombay and Calcutta were instructed to receive (but not to issue) gold sovereigns; therefore, these gold sovereigns never left the vaults. As the British government gave up hope of replacing the rupee in India with the pound sterling , it realised for the same reason it could not replace
924-734: The silver dollar in the Straits Settlements with the Indian rupee (as the British East India Company had desired). Since the silver crisis of 1873 , several nations switched over to a gold exchange standard (wherein silver or banknotes circulate locally but with a fixed gold value for export purposes), including India in the 1890s. In 1870, India was connected to Britain by a submarine telegraph cable. Around 1875, Britain started paying India for exported goods in India Council (paper) Bills (instead of silver). If, therefore,
990-782: The 125th anniversary of the births of Sarvepalli Radhakrishnan and B. R. Ambedkar , respectively. The three Presidencies established by the British East India Company ( Bengal , Bombay and Madras ) each issued their own coinages until 1835. All three issued rupees and fractions thereof down to 1 ⁄ 8 - and 1 ⁄ 16 -rupee in silver. Madras also issued two-rupee coins. Copper denominations were more varied. Bengal issued one- pie , 1 ⁄ 2 -, one- and two- paise coins. Bombay issued 1-pie, 1 ⁄ 4 -, 1 ⁄ 2 -, 1-, 1 1 ⁄ 2 -, 2- and 4-paise coins. In Madras, there were copper coins for two and four pies and one, two and four paise, with
1056-627: The 2011 census, 88.34% of the population spoke Telugu and 9.56% Urdu as their first language. 88.71% of people follow Hinduism while 10.73% of people follow Islam. The following lists the 38 mandals in Nellore district by their revenue division. The district has the following Legislative Assembly segments: The district has four revenue divisions namely Kandukuru, Kavali, Atmakur and Nellore. These revenue divisions are divided into 38 mandals , which consist of 1,177 villages and 12 towns (urban settlements). A total of 940 gram panchayats exist in
1122-403: The 25-paise coin and all paise coins below it took place, and a new series of coins (50 paise – nicknamed athanni – one, two, five, and ten rupees with the new rupee sign) were put into circulation in 2011. In 2016 the 50 paise coin was last minted. Coins commonly in circulation are one, two, five, ten, and twenty rupees. Although it is still legal tender, the 50-paise ( athanni ) coin
1188-597: The Bengal Bank (1784–91). –1900) Historically, the rupee was a silver coin . This had severe consequences in the nineteenth century when the strongest economies in the world were on the gold standard (that is, paper linked to gold). The discovery of large quantities of silver in the United States and several European colonies caused the panic of 1873 which resulted in a decline in the value of silver relative to gold, devaluing India's standard currency. This event
1254-471: The Committee of 1898 by Mr. A. M. Lindsay, in proposing a scheme closely similar in principle to that which was eventually adopted, has been largely fulfilled. "This change," he said, "will pass unnoticed, except by the intelligent few, and it is satisfactory to find that by this almost imperceptible process, the Indian currency will be placed on a footing which Ricardo and other great authorities have advocated as
1320-590: The Crown . In 1862, coins were introduced (known as "regal issues") which bore the profile of Queen Victoria and the designation "India". Their denominations were 1 ⁄ 12 anna , 1 ⁄ 2 pice , 1 ⁄ 4 and 1 ⁄ 2 anna (all in copper), 2 annas, 1 ⁄ 4 , 1 ⁄ 2 and one rupee (silver), and five and ten rupees and one mohur (gold). The gold denominations ceased production in 1891, and no 1 ⁄ 2 -anna coins were issued after 1877. In 1906, bronze replaced copper for
1386-496: The First World War. In the early 1940s, several changes were implemented. The 1 ⁄ 12 anna and 1 ⁄ 2 pice ceased production, the 1 ⁄ 4 anna was changed to a bronze, holed coin , cupro-nickel and nickel-brass 1 ⁄ 2 -anna coins were introduced, nickel-brass was used to produce Mintsomeone- and two-annas coins, and the silver composition was reduced from 91.7 to 50 per cent. The last of
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#17329318329281452-461: The Government as to have precipitated an internal crisis, which would have been fatal to British success in the war. From 1931 to 1941, the United Kingdom purchased large amounts of gold from India and its many other colonies just by increasing price of gold, as Britain was able to pay in printable paper currency. Similarly, on 19 June 1934, Roosevelt made Silver Purchase Act (which increased
1518-503: The India Council in London should not step in to sell bills on India, the merchants and bankers would have to send silver to make good the (trade) balances. Thus a channel for the outflow of silver was stopped, in 1875, by the India Council in London. The great importance of these (Council) Bills, however, is the effect they have on the Market Price of Silver: and they have in fact been one of
1584-626: The Indian rupee replaced the Danish Indian rupee in 1845, the French Indian rupee in 1954 and the Portuguese Indian escudo in 1961. Following the independence of India in 1947 and the accession of the princely states to the new Union , the Indian rupee replaced all the currencies of the previously autonomous states (although the Hyderabadi rupee was not demonetised until 1959). Some of
1650-424: The best of all currency systems, viz., one in which the currency media used in the internal circulation are confined to notes and cheap token coins, which are made to act precisely as if they were bits of gold by being made convertible into gold for foreign payment purposes. The committee concurred in the opinion of the Indian government that the mints should remain closed to the unrestricted coinage of silver and that
1716-472: The birth of Rabindranath Tagore and 1000 years of the Brihadeeswarar Temple , respectively. In 2012, a ₹ 60 piececoins was also issued to commemorate 60 years of the Government of India Mint, Kolkata. ₹ 100 coin was also released commemorating the 100th anniversary of Mahatma Gandhi 's return to India. Commemorative coins of ₹ 125 were released on 4 September 2015 and 6 December 2015 to honour
1782-406: The coinage of gold sovereigns in the mint at Bombay. Silver, therefore, has ceased to serve as, and standard; and the Indian currency system of to-day (that is 1901) may be described as that of a "limping" gold standard similar to the systems of France, Germany, and Holland, and the United States. The Committee of 1898 explicitly declared themselves to be in favour of the eventual establishment of
1848-536: The currency of India through the British Raj and beyond. In 1835, British India adopted a mono-metallic silver standard based on the rupee coin; this decision was influenced by a letter written by Lord Liverpool in 1805 extolling the virtues of mono-metallism. Following the First War of Independence in 1857, the British government took direct control of India. From 1851, gold sovereigns were produced en masse at
1914-589: The district are 3,95,092. The Gross District Domestic Product (GDDP) of Nellore district is ₹ 30,482 crore (304.82 billion rupees) and makes up 5.8% of Andhra Pradesh's Gross State Domestic Product (GSDP) . For the fiscal year 2013–14, Nellore's per capita income at current prices was ₹ 80,782 (US$ 970). The primary , secondary and tertiary sectors of the district contribute ₹9,729 crore, ₹6,320 crore and ₹14,433 crore (97.29 billion, 63.2 billion and 144.33 billion rupees), respectively. The major agricultural contributors to
1980-454: The district is 1,080 mm (43 in), and reaches its peak during the southwest and northeast monsoons . Nellore district has a population of 24,69,712, of which 705,893 (28.58%) lived in urban areas based on the 2011 Census. It has a sex ratio of 983 females per 1000 males. Scheduled Castes and Scheduled Tribes make up 5,04,941 (20.45%) and 2,15,452 (8.72%) of the population respectively. Languages of Nellore district (2011) Based on
2046-402: The district is bordered by the Bay of Bengal to the east, Kadapa district and Annamayya district to the west, Prakasam district to the north, and Tirupati district to the south. Maximum temperature occur during the summer at 36 to 46 °C (97 to 115 °F), while the minimum temperature occurs during the winter at 23 to 25 °C (73 to 77 °F). The average annual rainfall of
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2112-409: The district's gross value added (GVA) include: paddy , sugarcane , lemon , tomato , milk , meat and fisheries . The major industrial and service contributors to the district's GVA include: construction , electricity , manufacturing , transport and education . Nellore district produces most of the crude mica in India. Between 2011 and 2012, Nellore produced 1,784 tonnes of crude mica,
2178-593: The district. Among the politicians, Sarvepalli Radhakrishnan rose to position of President of India and Vice President of India and Venkaiah Naidu rose to the position of Vice President of India . Bezawada Gopala Reddy and N. Janardhana Reddy worked as chief ministers of unified Andhra Pradesh . Puchalapalli Sundarayya was one of the founding members of the Communist Party of India (Marxist) . S. P. Balasubrahmanyam , M. S. Reddy Singeetam Srinivasa Rao , A. Kodandarami Reddy and Vanisri are some of
2244-671: The district. In 1970, the northern parts of Nellore district were transferred to the newly created Prakasam district . On 4 April 2022 Some areas from Southern parts of Nellore district were transferred to newly created Tirupati district . In the undivided Nellore district, as per the school information report for the academic year 2017–18, there are a total of 4,489 schools. These include: 21 government, 3,140 mandal and zilla parishads , 2 residential, 1,077 private, 10 model, 10 Kasturba Gandhi Balika Vidyalaya (KGBV), 106 municipal and 123 other types of schools. The total number of students enrolled in primary, upper primary and high schools of
2310-556: The district. Talpagiri Ranganathaswamy temple in Nellore is situated on the banks of the river Pennar. It is more than 600 years old. Translation of Maha Bharatam was said to be done by the poet Tikkana based at this place. Lord Narasimha appears as a huge of rock in ‘Yoga mudra' in Penchalakona . The deity is known as Somasila Narasimhaswamy. It is one of the Nava Narasimhas (nine manifestations). Chengalamma Parameswari temple lies in
2376-399: The district. The statutory towns consist of one municipal corporation (Nellore) and Three municipalities (Atmakur ,Kavali and Kandukur ). The district has one municipal corporation at Nellore and three municipalities at Kavali, Kandukur and Atmakur. NH 16 , NH 67 , NH 565 are the national highways that pass through the district. Gudur - Vijayawada railway line passes through
2442-517: The famous people of film industry. Gunturu Seshendra Sarma , T. Subbarami Reddy , Malli Mastan Babu , Ashwin Hebbar are also some of the popular personalities from other domains. CPO (2022). Handbook of statistics - 2020 SPS Nellore District (PDF) . Retrieved 6 March 2023 . Indian rupee The Indian rupee ( symbol : ₹ ; code : INR ) is the official currency in India . The rupee
2508-654: The first two denominated as 1 ⁄ 2 and one dub (or 1 ⁄ 96 and 1 ⁄ 48 ) rupee. Madras also issued the Madras fanam until 1815. All three Presidencies issued gold mohurs and fractions of mohurs including 1 ⁄ 16 , 1 ⁄ 2 , 1 ⁄ 4 in Bengal, 1 ⁄ 15 (a gold rupee) and 1 ⁄ 3 (pancia) in Bombay and 1 ⁄ 4 , 1 ⁄ 3 and 1 ⁄ 2 in Madras. In 1835,
2574-504: The following year, both the quantity and the price rose further: net exports totalled 8.4 million ounces, valued at INR 65.52 crore. In the ten years ended March 1941, total net exports were of the order of 43 million ounces (1337.3 tons) valued at about INR 375 crore, or an average price of INR 32-12-4 per tola. In the autumn of 1917 (when the silver price rose to 55 pence ), there was danger of uprisings in India (against paper currency) which would handicap seriously British participation in
2640-409: The gold that was sold. However, the price of gold in India, on the basis of the official exchange rate of the rupee around 1 s. 6 d ., was lower than the price prevailing abroad practically throughout ; the disparity in prices made the export of the metal profitable; and this continued for almost a decade. Thus, in 1931–32, there were net exports of 7.7 million ounces , valued at INR 57.98 crore . In
2706-414: The lowest three denominations; in 1907, a cupro-nickel one-anna coin was introduced. In 1918–1919 cupro-nickel two-, four- and eight-annas were introduced, although the four- and eight-annas coins were only issued until 1921 and did not replace their silver equivalents. In 1918, the Bombay mint also struck gold sovereigns and 15-rupee coins identical in size to the sovereigns as an emergency measure during
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2772-547: The majority of India's total production of 1,899 tonnes. In Nellore district, there exist a variety of Telugu inscriptions originating from several different kingdoms. Tamil inscriptions also exist near the Mallam Subramanyeshwara Swamy temple, which was constructed by Rajendhra Chola during the fourteenth century. Located in the Coastal Andhra region in Andhra Pradesh and also a Tondai Nadu region,
2838-554: The more convenient forced loans of paper money۔ The Indian Currency Committee or Fowler Committee was a government committee appointed by the British-run Government of India on 29 April 1898 to examine the currency situation in India. They collected a wide range of testimony, examined as many as forty-nine witnesses, and only reported their conclusions in July 1899, after more than a year's deliberation. The prophecy made before
2904-620: The most potent factors in recent years in causing the diminution in the Value of Silver as compared to Gold. The Indian and Chinese products for which silver is paid were and are, since 1873–74, very low in price, and it therefore takes less silver to purchase a larger quantity of Eastern commodities. Now, on taking the several agents into united consideration, it will certainly not seem very mysterious why silver should not only have fallen in price The great nations had recourse to two expedients for replenishing their exchequers, – first, loans, and, second,
2970-637: The name of the British king. EIC rule was replaced by British Crown raj which brought the "Paper Currency Act of 1861" and the "Uniform Coinage Act of 1906". After 2021, the government of independent India amended "The Coinage Act, 2011", the " Foreign Exchange Management Act (FEMA), 1999," the " Information Technology Act, 2000 " and the "Crypto-currency and Regulation of Official Digital Currency Bill, 2021". India's first coins after independence were issued in 1950 in denominations of 1 pice , 1 ⁄ 2 , one and two annas, 1 ⁄ 4 , 1 ⁄ 2 and one-rupee . The sizes and composition were
3036-505: The north, and Tirupati district to the south. The name of the district is derived from the name of the district headquarters, Nellore. The city was historically known as Vikrama Simhapuri until the 13th century, when it became known as Nellore. The name "Nellore" originates from a mythological story in the Sthala Purana, which depicts a lingam in the form of a stone under a Phyllanthus emblica (amla), or nelli tree. According to this myth,
3102-477: The only right to mint the coins and one rupee note. The responsibility for coinage comes under the Coinage Act, 1906 which is amended from time to time. The designing and minting of coins in various denominations is also the responsibility of the Government of India. Coins are minted at the four India Government Mints at Mumbai , Kolkata , Hyderabad , and Noida . The coins are issued for circulation only through
3168-495: The place gradually became known as "Nelli-ooru" (nelli referring to the amla tree and ooru meaning "place" in both Tamil and Telugu). Over time, the name evolved to the present-day "Nellore," reflecting the area's historical and cultural significance. The name is also linked to the Tamil word "நெல்லு" (nellu), meaning "paddy" or "rice," highlighting the region's long-standing association with rice cultivation. The official name of Nellore
3234-435: The price of silver) and purchased about 44,000 tons of silver, paying with paper silver certificates . In 1939, Dickson H. Leavens wrote in his book Silver Money : "In recent years the increased price of gold, measured in depreciated paper currencies, has attracted to the market (of London) large quantities (of gold) formerly hoarded or held in the form of ornaments in India and China". In their respective former colonies,
3300-475: The ruler of the area, and his brother Arcot Nawab , who received support from the British and French. Nawab's army, under the command of colonel Caillaud, took over the Nellore fort in 1762. For the purposes of revenue collection, the town of Nellore and the surrounding district were handed over to the British East India Company in 1781 and 1801, respectively. Nellore was named the revenue unit for
3366-523: The rupee is the rūpiya —the silver coin weighing 178 grains minted in northern India, first by Sher Shah Suri during his brief rule between 1540 and 1545, and later adopted and standardized by the Mughal Empire . The weight remained unchanged well beyond the end of the Mughals until the 20th century. The history of the Indian rupee traces back to ancient India around the 6th century BCE: ancient India
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#17329318329283432-475: The same as the final regal issues, except for the one-piece (which was bronze, but not holed). The first decimal-coin issues in India consisted of 1 , 2 , 5 , 10, 25 and 50 naye paise , and 1 rupee . The 1 naya paisa was bronze; the 2, 5, and 10 naye paise were cupro-nickel, and the 25 naye paise (nicknamed chawanni ; 25 naye paise equals 4 annas ), 50 naye paise (also called athanni ; 50 naye paise equalled 8 old annas) and 1-rupee were nickel. In 1964,
3498-552: The states had issued rupees equal to those issued by the British (such as the Travancore rupee ). Other currencies (including the Hyderabadi rupee and the Kutch kori ) had different values. The values of the subdivisions of the rupee during British rule (and in the first decade of independence) were: In 2010, a new rupee sign ( ₹ ) was officially adopted. As its designer explained, it
3564-537: The symbols for multiple rupees and one rupee, respectively, and these symbols are still used in situations where the official symbol is unavailable. The Digital Rupee (e₹) or eINR or E-Rupee is a tokenised digital version of the Indian Rupee , issued by the Reserve Bank of India (RBI) as a central bank digital currency (CBDC). The Digital Rupee was proposed in January 2017 and launched on 1 December 2022. Digital Rupee
3630-504: The then Chancellor of the Exchequer (finance minister) of the United Kingdom, Winston Churchill , restored it to pre-war levels. As a result, the price of gold fell rapidly. While the rest of Europe purchased large quantities of gold from the United Kingdom, there was little increase in her gold reserves. This dealt a blow to an already deteriorating British economy. The United Kingdom began to look to its possessions as India to compensate for
3696-625: The village of Sullurpeta . It was built on the banks of the Kanlangi river. Chengalamma Jatara is celebrated here. Somasila dam on Pennar river, Kandaleru dam on Kandaleru river are popular with tourists. Udayagiri Fort at a height of 3079 feet is in ruins. Ranganatha temple, Balakrishna mandiram, Paruveta Mandapam, Chinna Masjid and pedda Masjid reflect the various culture of the rulers. Mypadu Beach , Koduru Beach ( 14°24′48″N 80°10′23″E / 14.413236°N 80.172975°E / 14.413236; 80.172975 ) are popular beaches in
3762-413: The war. Inconvertibility (of paper currency into coin) would lead to a run on Post Office Savings Banks . It would prevent the further expansion of (paper currency) note issues and cause a rise of prices, in paper currency, that would greatly increase the cost of obtaining war supplies for export; to have reduced the silver content of this historic [rupee] coin might well have caused such popular distrust of
3828-559: The word rūpyarūpa : rūpya 'wrought silver' and rūpa 'form'. The Gupta Empire produced large numbers of silver coins clearly influenced by those of the earlier Western Satraps by Chandragupta II . The silver Rūpaka ( Sanskrit : रूपक ) coins were weighed approximately 20 rattis (2.2678g). In the intermediate times there was no fixed monetary system as reported by the Da Tang Xi Yu Ji . During his five-year rule from 1540 to 1545, Sultan Sher Shah Suri issued
3894-586: The words naya / naye were removed from all coins. Between 1957 and 1967, aluminium one -, two -, three -, five - and ten-paise coins were introduced. In 1968 nickel-brass 20-paise coins were introduced, and replaced by aluminium coins in 1982. Between 1972 and 1975, cupro-nickel replaced nickel in the 25- and 50-paise and the 1-rupee coins; in 1982, cupro-nickel two-rupee coins were introduced. In 1988 stainless steel 10-, 25- and 50-paise coins were introduced, followed by 1- and 5-rupee coins in 1992. Five-rupee coins, made from brass , are being minted by
3960-510: Was banned and the Japanese rupee (1942–44) was introduced. At the onset of the First World War , the cost of gold was very low and therefore the pound sterling had high value. But during the war, the value of the pound fell alarmingly due to rising war expenses. At the end of the war, the value of the pound was only a fraction of what it had been before the war. It remained low until 1925, when
4026-594: Was changed to Sri Potti Sriramulu Nellore District (SPS Nellore) on 4 June 2008, in honour of the Indian revolutionary Potti Sri Ramulu , who died fasting in an attempt to achieve the formation of a separate state for the Telugu people, which would later become Andhra Pradesh. After the fall of the Vijayanagara Empire, the area was ruled by the Nawabs. During the eighteenth century, Nellore saw wars between Najeebullah,
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#17329318329284092-585: Was derived from the combination of the Devanagari consonant " र " ( ra ) and the Latin capital letter "R" without its vertical bar. The parallel lines at the top (with white space between them) are said to make an allusion to the flag of India , and also depict an equality sign that symbolises the nation's desire to reduce economic disparity . The first series of coins with the new rupee sign started in circulation on 8 July 2011. Before this, India used " ₨ " and "Re" as
4158-562: Was known as "the fall of the rupee". In Britain War, the Long Depression resulted in bankruptcies, escalating unemployment, a halt in public works, and a major trade slump that lasted until 1897. India was unaffected by the imperial order-in-council of 1825, which attempted to introduce British sterling coinage to the British colonies. India, at that time, was controlled by the British East India Company . The silver rupee coin continued as
4224-491: Was one of the earliest issuers of coins in the world, along with the Chinese wen and Lydian staters . Arthashastra , written by Chanakya , Prime minister to the first Maurya emperor Chandragupta Maurya (c. 340–290 BCE), mentions silver coins as rūpyarūpa , other types including gold coins (suvarṇarūpa), copper coins (tamrarūpa) and lead coins (sīsarūpa) are mentioned. Rūpa means 'form' or 'shape'; for example, in
4290-588: Was referring to coinage, other scholars conclude that Panini uses the term rūpa to mean a piece of precious metal (typically silver) used as a coin, and a rūpya to mean a stamped piece of metal, a coin in the modern sense. The Arthashastra , written by Chanakya , prime minister to the first Maurya emperor Chandragupta Maurya ( c. 340–290 BCE ), mentions silver coins as rūpyarūpa . Other types of coins, including gold coins ( suvarṇarūpa ), copper coins ( tāmrarūpa ), and lead coins ( sīsarūpa ), are also mentioned. The immediate precursor of
4356-471: Was returned to accounts. As this experiment failed spectacularly, the government abandoned the practice but did not abandon the narrative of the gold standard. Subsequently, much of the gold held by the Government of India was shipped to the Bank of England in 1901 and held there. During World War II , Colonial British control over parts of Nagaland was lost to Japanese forces , the British Indian rupee
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