Yeah, I have heard about this coin. As per the latest information, Lakshmi coin is going thru development phase and RBI will have full control on that. It will be just like any fiat currency hence will never have the potential of bitcoin. It won't be limited in nature and will not be decentralized at all. Unless they make major changes on the fundamentals of Lakshmi vis a viz the Bitcoin (which is going to be almost impossible), I believe it will be just like the Indian Rupee which will keep getting devalued with time.