RBI to issue Rs 5 coin on golden jubilee of 1965 Indo-Pak war

Reserve Bank of India (RBI) has decided to issue coins of 5 rupees denomination to commemorate golden jubilee year of Indo-Pak War 1965.
These coins will be issued under in The Coinage Act, 2011 and will be considered as legal a tender.

Features of Coin

• Obverse side: It will bear Lion Capital of Ashoka Pillar in the centre and Satyamev Jayate will be inscribed below it.
• Reverse side: In the centre it will bear image of ‘Amar Jawan’ monument along with the design of olive leaves branch on its left and right sides. The year 2015 will be written below the image of the monument.
• It will bear inscription ‘VALOUR AND SACRIFICE’ in English on the right upper periphery and ‘Veerata Aur Balidan’ in Devnagri script on the left upper periphery.
• GOLDEN JUBILEE 1965 OPERATIONS in English will be inscribed on the lower periphery on the reverse side of coin.

About 1965 India-Pakistan war

• The war started in April 1965 following Pakistan’s Operation Gibraltar, which was designed to infiltrate forces into Indian Sovereign territory of Jammu & Kashmir to precipitate an insurgency.
• Indian armed forces under the dynamic leadership of then Prime Minister Lal Bahadur Shastri retaliated Pakistan’s infiltration by launching a full-scale military attack on West Pakistan. This war had witnessed the largest tank battle since World War II.
• The 17 day war ended after a ceasefire was declared following diplomatic intervention by the then Soviet Union (USSR) and United States and the subsequent issuance of the Tashkent Declaration between India and Pakistan.
• Note: This war did not mandate victory of either India or Pakistan. But, both countries have claimed victory in this war.
• However, most neutral assessments have agreed that India had the upper hand over Pakistan when ceasefire was declared after diplomatic intervention of two super powers.

Month: Current Affairs - September, 2015