A joint operation by Nepal and West Bengal police has led to the arrest of seven individuals and the seizure of counterfeit currency worth approximately Rs 70 crore from a flat near Kolkata.
The Department of Revenue Intelligence, DRI is tracing a major counterfeit currency racket with roots in Kerala and wings spread across Middle east and Far East.
Dhurandhar's most dangerous idea is that Director Aditya Dhar envisions an Indian state run by a deep state -- an intelligence machinery not accountable to Parliament, courts, or voters. A future political system where unelected officials decide when Indian democracy is 'fit' to function, observes Syed Firdaus Ashraf.
Dhurandhar may not have the dark realism of a spy story which a web show can manage. But it does not have the flamboyance either, that has come to be associated with espionage movies, observes Deepa Gahlot.
With the introduction of polymer notes, the government aims at ending the menace of counterfeit currency in the next five years, reports Vicky Nanjappa
Sources say that there has been a lot of difference between the fake currency that used to be printed a year ago and what is available now, following the leak of the design. Investigations have revealed that the design may have been compromised through a D-company link, which is completely in charge of circulating fake currency in India.
The CBI has significantly increased the rate of fugitive repatriation, bringing back 134 individuals in the last five years, doubling the number from the previous decade. This success is attributed to enhanced diplomatic efforts, technological advancements, and improved coordination with Interpol.
Officials said the six were arrested after a money changer noticed that the 500 and 1,000 Indian rupee notes presented to him for changing were fake.
Intelligence agencies have seized fake Indian currency notes of over Rs two crore face value during 2011-12, the highest seizure in past three years, with Delhi accounting for a major chunk.
'The RBI obviously gets to know when an entire series of currency notes has been faked. I fail to understand why they continue with the series despite it being faked,' former CBI director Joginder Singh tells Vicky Nanjappa.
Pakistani intelligence is involved in marketing counterfeit currency in India and Bangladesh to patronise militant groups like Lashkar-e-Tayiba for their cross-border operations, a media report in Dhaka claimed on Saturday.
Addressing a workshop of state police nodal officers, Vijay Shankar suggested better cooperation between the state police and the central security agencies to chalk out a plan to deal with such criminals, who indulge in printing fake currency.
Pakistan is flushing Tamil Nadu amd Karnataka with counterfeit currency to fund terror activities in the country, reports Vicky Nanjappa.
The Department of Revenue Intelligence, Customs and Central Excise have intercepted a container at Cochin, which had arrived from Dubai, suspecting that it is carrying counterfeit currency notes. The owner of the consignment had told the Customs officials that the container had children's diapers and it was brought from China after conducting all clearances, informed sources.
The National Investigating Agency recently filed a 'confidential' report before the special NIA court in Mumbai. Toral Varia accesses the report submitted before the court which has several findings that nail Pakistan's role in the manufacture and circulation of fake currency notes in India.
The National Investigating Agency recently filed a 'confidential' report before the special NIA court in Mumbai. Toral Varia accesses the report submitted before the court which has several findings that nail Pakistan's role in the manufacture and circulation of fake currency notes in India.
The prescription came through an application under the Rights to Information Act by an activist from down-south Kerala state.
The Kota police have arrested a 29-year-old man for allegedly molesting a minor girl after scaring her with a cobra he kept illegally at his home.
Desperately looking for a breakthrough in the city's triple blasts case, the Maharashtra Anti-Terrorism Squad has extensively questioned an alleged Indian Mujahideen operative, who was arrested in a counterfeit currency case, with regards to the July 13 explosions.
"(The) total value of counterfeit currency seized by law enforcement agencies and recovered through banking channels during the year 2007, 2008 and during January-March 2009 was Rs 10,54,18,925, Rs 21,45,27,797 and Rs 4,09,49,465 respectively," finance minister Pranab Mukherjee said in a written reply to the Rajya Sabha on Tuesday.
The ATMs will open on Friday and at many places they will open on Thursday, he said.
Despite the demonetisation of 2016 and the rise in digital transactions that followed, the economy's dependence on cash has remained as high as ever. So when the Reserve Bank of India (RBI) introduced a pilot project of its version of digital cash - called the central bank digital currency (CBDC) - on December 1, many questions were asked. Can the CBDC replace physical cash, even partially? Can it match cash in terms of convenience? Are CBDC transactions truly anonymous?
The Financial Intelligence Unit will apply a multi-pronged approach in probing black money, counterfeit currency, terror funds and hawala transactions as it believes they are all interlinked, reports Vicky Nanjappa.
India faces an increasing inflow of counterfeit currency, produced primarily in Pakistan, and terrorist and criminal networks use this money to finance their activities in the country, an official United States report has said.
Sukanya Verma looks at their eclectic career of over two decades as their latest offering Citadel: Honey Bunny, the Indian leg of the Russo Brothers globetrotting spy universe series, drops on Amazon Prime Video on November 7.
The counterfeit note detector, to cost between Rs 2,50,000 and Rs 300,000 and manufactured by the Bangalore-based Albertsons India, checks currency notes through four stages of tests.
The value and volume of banknotes in circulation increased by 7.8 per cent and 4.4 per cent, respectively, during 2022-23 as compared with 9.9 per cent and 5 per cent, respectively, in 2021-22, revealed the RBI annual report released on Tuesday. In value terms, the share of Rs 500 and Rs 2,000 banknotes together accounted for 87.9 per cent of the total value of banknotes in circulation as on March 31, 2023, as compared to 87.1 per cent a year ago. The Reserve Bank has announced withdrawal of Rs 2,000 notes, and holders of the highest value currency have been given time till September 30 to exchange or deposit them.
Although 90 per cent of the currency chests are with the public sector banks, they account for reporting a mere 10 per cent of counterfeit notes.
'The counting machine beeped, indicating a counterfeit note.' 'When the teller started tearing it, my nephew stopped him and asked him: Under whose authority was he destroying it, how did he know that the note was fake and if a genuine note gets destroyed, how will he be compensated?' Harsh Roongta explains the process if you have a counterfeit note.
The proposal to amend the Unlawful Activities (Prevention) Act for cases involving counterfeit currency has been pending for a while. The latest proposal seeks to make counterfeiting of currency a terror offence, to curb this threat that has the potential to shake up the Indian economy.
Events proved that on every count the RBI had accurately predicted both the damage and the lack of benefit. What the RBI was hiding was the fact that Modi had ignored its concerns -- all of which turned out to be true -- and gone ahead anyway, asserts Aakar Patel.
The RBI has shelved its plan for polymer notes more than a decade after it invited interest from global manufacturers for one billion pieces of Rs 10 denomination polymer banknotes, reveals Tamal Bandyopadhyay.
Pakistan-born Canadian writer Tarek Fatah on Saturday said the Modi government's decision to demonetise 500 and 1000 rupee currency notes has hit Pakistan-sponsored terror activities against India and flow of counterfeit currency has been terminated.
Days after the government said the Reserve Bank will introduce a digital currency in 2022-23, Governor Shaktikanta Das on Thursday said the central bank does not want to rush and is carefully examining all aspects before introduction of the Central Bank Digital Currency (CBDC). He, however, declined to give any timeline for the launch of the CBDC. In her Budget 2022-23 speech, Finance Minister Nirmala Sitharaman had announced that the RBI will introduce a digital currency in the next financial year beginning April 2022 to boost the digital economy and for more efficient currency management.
Abdul Karim Tunda, the Lashkar-e-Tayiba's bomb-maker, has revealed the terrorist organisation's salary structure and generous perks. Vicky Nanjappa reports.
"Prime Minister Narendra Modi is squandering an opportunity to find a solution for Kashmir," former Research and Analysis Wing chief A S Dulat said.
Priced at over Rs one-lakh, the detector machine is currently being imported from Swiss-based BEB Industrie Elektronki AG and can detect 1,200 notes per minute.
Effective employment of the anti-money laundering mechanism by India, which vowed to fight tax havens and black-money, helped detect over 4,000 suspicious financial transactions relating to crime and terror -- more than double the numbers reported last year.
The quantum of fake Swiss francs remained much higher.
The Intelligence Bureau has, according to highly placed sources, warned the Kerala government about the presence of several Bangladeshis, who are illegally staying in areas surrounding Kochi.
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