Punjab Police busted a fake currency module in Malerkotla, arresting four individuals and seizing counterfeit currency worth Rs 5.50 lakh.
Police in Udham Singh Nagar have arrested two individuals and seized a significant amount of fake currency, uncovering a sophisticated operation involving counterfeit notes.
A 50-year-old man was arrested in Sambhal, Uttar Pradesh, for possessing counterfeit Indian currency notes. Police recovered Rs 20,000 in fake currency and are investigating the source and any accomplices.
The Reserve Bank of India (RBI) reported a 5.7 per cent increase in counterfeit currency notes detected in the banking system during 2025-26, with fake Rs 500 notes showing the sharpest rise, becoming the most detected denomination.
Indore police seized 566 bundles of fake Rs 500 notes from abandoned bags. Only 84 notes were genuine, with the rest being plain paper designed to resemble currency. An investigation is underway to determine the source and intended use of the fake notes.
Two men were arrested in Dakshina Kannada district, Karnataka, and counterfeit currency notes with a face value of Rs 2.38 lakh were seized from them, police said.
A Bank of Baroda employee in Ahmedabad has been arrested for allegedly stealing Rs 8.7 crore from an RBI currency chest and laundering the money into properties and cryptocurrency.
Delhi Police have arrested two men for allegedly defrauding a tour operator of Rs 1 lakh using fake currency notes under the guise of a currency exchange scheme.
Hamirpur Police arrested two individuals involved in a counterfeit currency racket after a shopkeeper was defrauded. The suspects, using fake Rs 200 notes to obtain genuine Rs 500 notes, were identified through CCTV footage and ITMS. Police recovered counterfeit notes and are investigating further.
A yoga teacher from Surat and six others have been arrested in Ahmedabad for circulating fake Indian currency notes (FICN). Police estimate they may have circulated Rs 10 to 12 lakh in counterfeit money.
The US Treasury Department is exploring the possibility of featuring Donald Trump's portrait on a new $250 note, pending congressional approval to amend the law that prohibits living individuals from being depicted on US currency.
The Reserve Bank of India (RBI) is set to introduce polymer banknotes to address the rising demand for currency, improve durability, and reduce production costs, with a pilot project expected soon.
The Indian rupee is highly vulnerable among Asian currencies, with Barclays and MUFG warning of a potential depreciation towards 100/$ if the West Asia conflict persists, driven by widening current account deficits and elevated crude oil prices.
Police in Thane, India, seized firearms, weapons, and counterfeit currency from the home of a known criminal, Surendra Pandurang Patil, during a raid.
A special CBI court in Thane acquitted a former central government employee accused of accepting a bribe, citing insufficient proof of demand despite the recovery of currency notes.
Ahmedabad police have seized counterfeit Indian currency with a face value of 2.38 crore and arrested seven individuals, including a yoga teacher from Surat. The operation uncovered the use of AI and e-commerce platforms to produce and distribute the fake notes.
Haryana health officials busted an alleged illegal sex determination operation at Aayu Hospital in Gurugram, leading to the arrest of a radiologist and the sealing of an ultrasound machine.
"It has been decided to print banknotes based on plastic or polymer substrate. The process of procurement has been initiated," Minister of State for Finance Arjun Ram Meghwal said in a written reply in Lok Sabha to a query whether Reserve Bank of India proposes to print plastic currency notes in place of paper ones.
Police in Bahraich, Uttar Pradesh, have arrested four individuals involved in printing and circulating counterfeit currency. The suspects were apprehended with fake notes and a colour printer used in the operation.
"If there is an image of Lakshmi-Ganesh on our currency (notes), our country will prosper. I will write to (the) prime minister in a day or two on this," he said at a media briefing.
A junior engineer and a driver from the Uttar Pradesh State Construction Corporation were arrested for accepting a bribe to clear a contractor's pending payment in Meerut.
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.
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.
A 35-year-old man from Thane district was allegedly cheated of Rs 2 lakh in a US dollar exchange fraud in Navi Mumbai. The victim was shown bundles appearing to contain US currency, but they turned out to be paper rolls and soap bars.
The main objective behind this exercise is to deal with the problem of soiled notes particularly in small denomination.
A worker at Mumbai's Siddhivinayak temple has been arrested for allegedly stealing money from donation boxes. CCTV footage revealed the employee extracting currency notes from the boxes, leading to a police investigation.
The Reserve Bank of India (RBI) reported a significant 52 per cent year-on-year increase in gains from foreign exchange transactions, reaching 1.69 trillion in FY26. This surge occurred despite the central bank selling a gross $195 billion in the spot market to manage rupee volatility, which saw a 9.85 per cent depreciation.
Moody's Ratings has highlighted that Indian banks are among the most exposed in the Asia-Pacific region to the West Asia crisis, primarily due to India's high dependence on energy imports, which could lead to increased inflation, higher interest rates, and strained borrower cash flows.
Union Home Minister Amit Shah announced the launch of a tech-enabled 'smart border' project to secure India's borders with Pakistan and Bangladesh. The project aims to stop infiltration and combat demographic changes.
A currency note with a star (*) symbol is identical to any other legal banknote, the Reserve Bank said on Thursday allaying concerns on the validity of such notes. The symbol is inserted in the number panel of a banknote that is used as replacement for defectively printed notes in a packet of 100 pieces of serially numbered banknotes, the RBI said.
Justice Yashwant Varma of the Allahabad High Court has resigned amid impeachment proceedings sparked by the discovery of burnt currency at his residence, raising questions about judicial conduct and accountability.
A State Bank of India report indicates a sharp increase in precautionary cash holding in India, with the gap between per capita currency in circulation and ATM withdrawals widening significantly, driven by global uncertainties despite record digital payment transactions.
With this the total number of suspensions in both Indian Security Press and CNP in connection with the fake stamp paper racket has gone up to seven.
The Indian rupee rebounded 50 paise from its all-time closing low to settle at 96.36 against the US dollar, driven by retreating crude oil prices, signs of easing geopolitical friction, and likely central bank intervention.
Indian currency notes will soon bear the rupee symbol. It will also have extra security features.
Rajasthan Anti-Corruption Bureau arrests a station house officer and a constable in Udaipur for allegedly accepting an Rs 8 lakh bribe to avoid naming complainants in registered cases.
Although the RBI did not give any reason for withdrawal of pre-2005 currency notes, the move is expected to unearth black money held in cash.
India recorded a 6% dip in overall crime in 2024, with 58.85 lakh cases registered compared to 62.41 lakh in 2023, according to the National Crime Records Bureau. Crime rates per lakh population also decreased, with Kerala, Puducherry, and West Bengal leading in solving crimes. While some crimes like those against women and SC/STs saw declines, cybercrime and crimes against senior citizens increased.
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