New commemorative coin 2024: 2900th Janm Kalyanak of Parshvanath Bhagwan

Started by Navaneeth, November 19, 2024, 04:51:07 PM

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Navaneeth

The Government of India will issue a ₹900 commemorative coin on the occasion of 2900th Janm Kalyanak of Parshvanath Bhagwan. For the first time in the history of Republic India coinage, a coin with the denomination of ₹800 and ₹900 is being issued. Both coins honour Parshvanath Bhagwan with the Birth and Death Anniversaries.

krishna

Quote from: Navaneeth on November 19, 2024, 04:51:07 PMThe Government of India will issue a ₹900 commemorative coin on the occasion of 2900th Janm Kalyanak of Parshvanath Bhagwan. For the first time in the history of Republic India coinage, a coin with the denomination of ₹800 and ₹900 is being issued. Both coins honour Parshvanath Bhagwan with the Birth and Death Anniversaries.


There is a significant correlation between the releases of coins bearing Jain deities/ preachers
Jain community is a business community, and a marginal community (at least in absolute numbers)
They are a very financially endowed community and tend to construct many temples with privately owned wealth, i.e. Derasars
They also tend to issue privately circulated bullion rounds marking many significant milestones
Unfortunately, their splurging and extravagance is mired with oneupmanship, which creates an unhealthy competition amongst groups, creating so many coins/ tokens/ temples at once
The issue of these coins are just a graduation or coming of age of the communities socio-political influence
Same applies to the issue of the coins themed on the yogic preachers, it all started with Chinmayananda, now almost all cults/ sects may get a coin of their own, providing them a government recognition, which is huge shot in the arm for them

Figleaf

Interesting observations. I fully understand the argument that a coin gives a degree of an official status on a religious movement. I am wondering about the big spending, though. If it is on religious purposes, how does it help them? Or is this maybe about tax evasion?

Peter
An unidentified coin is a piece of metal. An identified coin is a piece of history.

krishna

Quote from: Figleaf on November 21, 2024, 07:27:31 PMInteresting observations. I fully understand the argument that a coin gives a degree of an official status on a religious movement. I am wondering about the big spending, though. If it is on religious purposes, how does it help them? Or is this maybe about tax evasion?

Peter

2 aspects
People have a deep mistrust against the teachings of gurus/ sects they are not a part of
Providing a government recognition, may in part, breach the barrier of that mistrust with many, making the issuing sect gain a few followers in due course of time

As per Indian tax law, donations to religious (any religion) entities is Tax free, which is a handy tool for people wanting to evade tax and formalise their illegitimate incomes
An endorsement by the government, may embolden those carrying out nefarious activities

However i hope that the institutions issuing the coins are very clean (ideal) and they really deserve a long due recognition for bringing about positive social change

Navaneeth

Yesterday, the coins were released by the Karnataka Governor at Bhopalgarh, District Jodhpur, Rajasthan.