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RBI to roll out new Rs 2 coins

Mumbai, Aug 3 (UNI) The Reserve Bank of India (RBI) today said it will shortly put into circulation new ferritic stainless steel coins of Rs 2, encrypted with the theme 'nritya mudra'.

On one side, the coin will be divided into three portions with two horizontal lines where the centre portion bears the 'Lion Capitol' of Ashoka Pillar while the top portion will contain the word 'Yeejle' in Hindi and 'India' in English, bottom portion will contain the year in International numerals.

The reverse face of the coin will have visuals showing 'Mudras' from 'Bharat Natyam'. However, the existing two Rs coins in circulation will also continue in the system, said RBI.

The new coin will have an outside diameter of 27 millimeters.

UNI

Metro Mono Rail system in major cities of Punjab soon: Sukhbir

Jalandhar, Aug 3 (UNI) Shiromani Akali Dal (Badal) acting president Sukhbir Singh Badal today said that Metro or Mono Rail system would be introduced in the major cities of Punjab soon. Addressing mediapersons here this evening, Mr Badal said that RITES, a Government of India enterprise for major projects, had been entrusted the task of conducting survey in major cities for running Metro or Mono Rail system for the convinience of the public. He said.....

Germany faces political pressure over IKB exposure

BERLIN, Aug 3 (Reuters) The German government is facing cross-party political pressure to cut the stake that state bank KfW holds in IKB, the troubled lender that nearly tipped the country's banking sector into crisis. KfW, which generally funds development projects, owns 38 percent of IKB and pledged earlier this week to take responsibility for an 8 billion euro guarantee given by the troubled lender for now uncertain US investments. The plan to use state funds to.....

Media groups criticise German state secrecy probe

BERLIN, Aug 3 (Reuters) Media outlets and a press freedom advocacy group today condemned an investigation by German state prosecutors into 17 journalists suspected of violating state secrecy laws. Paris-based press freedom group Reporters Without Borders joined a chorus of protests in Germany against the probe launched by Chancellor Angela Merkel's Christian Democrats because intelligence agency documents had been published. ''We are worried that the work of a large number of journalists ... is being called.....
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