News for 'fake currency'

Will seal Indo-Bangla border to stop infiltration: Rajnath

Will seal Indo-Bangla border to stop infiltration: Rajnath

Rediff.com30 Mar 2016

Singh also claimed that the insurgency situation has improved considerably in the last 18 months since the BJP came to power at the Centre and appealed to all militant outfits in Assam to give up arms and come forward for talks.

Was arrested IM operative Zahid Hussain trying to regroup forces?

Was arrested IM operative Zahid Hussain trying to regroup forces?

Rediff.com3 Jul 2014

Zahid Hussain has been instrumental for the Indian Mujahideen for making a come back after being beaten down by security agencies. Vicky Nanjappa reports

Shoe hurled at Kejriwal during AAP rally in Haryana

Shoe hurled at Kejriwal during AAP rally in Haryana

Rediff.com1 Jan 2017

The shoe, however, missed its target and the youth was nabbed.

Don't believe every WhatsApp message: Rajnath

Don't believe every WhatsApp message: Rajnath

Rediff.com18 Sep 2017

Singh said information that was completely wrong was being regularly circulated on social media.

Parrikar's remarks on note ban ending Kashmir protests a misconception: Farooq

Parrikar's remarks on note ban ending Kashmir protests a misconception: Farooq

Rediff.com16 Nov 2016

"If the defence minister thinks that by examination and change in currency (demonetisation), the storm, which has erupted here, will die down, then he has a misconception. This storm will not die down. Whatever they do, this storm is there and after exams, they will see that the storm will rise once again."

Parliament work washed out for 5th day over demonetisation

Parliament work washed out for 5th day over demonetisation

Rediff.com23 Nov 2016

Opposition members kept on shouting 'Pradhan Mantri sadan me aao'.

Still have banned  notes? You maybe fined 10,000

Still have banned notes? You maybe fined 10,000

Rediff.com3 Feb 2017

Once passed by Parliament, the bill will replace an ordinance promulgated on December 30 last which provides for a fine of 10,000 or five times the cash held, whichever is higher, on holding of more than 10 banned 1,000 and 500 rupee notes.

SC directs crypto scam accused to disclose bitcoin password to ED

SC directs crypto scam accused to disclose bitcoin password to ED

Rediff.com28 Mar 2022

The Supreme Court on Monday asked a crypto-currency scam accused to disclose the username and password of his bitcoin wallet to the Enforcement Directorate and cooperate with the investigation in the money laundering case against him.

High Commission rejects reports of Mahinda, family fleeing to India

High Commission rejects reports of Mahinda, family fleeing to India

Rediff.com11 May 2022

The whereabouts of Mahinda Rajapaksa is being speculated since his resignation on Monday.

'Extremely cheap': Opposition slams PM's emotional speech

'Extremely cheap': Opposition slams PM's emotional speech

Rediff.com14 Nov 2016

AAP says the nation doesn't need PM's tears but solution to the ongoing crisis.

SOVA Android phone malware targets banking customers

SOVA Android phone malware targets banking customers

Rediff.com15 Sep 2022

A new mobile banking 'Trojan' virus -- SOVA -- which can stealthily encrypt an Android phone for ransom and is hard to uninstall is targeting Indian customers, the country's federal cyber security agency said in its latest advisory.

Note ban objective was to squeeze out cash: Jaitley

Note ban objective was to squeeze out cash: Jaitley

Rediff.com30 Aug 2017

Jaitley said note ban has compelled people to deposit money into bank accounts.

RBI's views might have delayed crypto bill: Deputy Governor Michael Patra

RBI's views might have delayed crypto bill: Deputy Governor Michael Patra

Rediff.com23 Feb 2022

Reserve Bank Deputy Governor Michael Patra on Wednesday said the central bank's views about cryptocurrencies might have delayed the government's proposed legislation on crypto assets. Emphasising that the Central Bank Digital Currency (CBDC) will be introduced in FY23 as announced by Finance Minister Nirmala Sitharaman in the Budget speech, Patra said India will proceed very gradually on the subject as there are concerns on privacy, its impact on monetary policy formulation and energy intensity. The government had plans to introduce a bill on cryptocurrencies like Bitcoin during the Winter Session of Parliament in November-December 2021 but did not introduce it.

'Event manager' Modi scores by shifting goalposts

'Event manager' Modi scores by shifting goalposts

Rediff.com31 Dec 2016

A scrutiny of the PM's statements in the last 12 weeks lays bare a stunning lack of homework for a policy that has affected each of the 1.25 billion people of India.

LeT's bomb-maker names former ISI chief as his handler

LeT's bomb-maker names former ISI chief as his handler

Rediff.com19 Aug 2013

Top Lashkar-e-Tayiba bomb expert Abdul Karim Tunda told interrogators that he had come in contact with Pakistan's spy agency Inter Services Intelligence after meeting former ISI Chief Hamid Gul in 1995 and was in constant touch with him thereafter.

Beware counterfeiters! Fake money crimes to face harsher laws

Beware counterfeiters! Fake money crimes to face harsher laws

Rediff.com30 Dec 2011

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.

Netaji's grandnephew joins BJP

Netaji's grandnephew joins BJP

Rediff.com25 Jan 2016

Asked by reporters whether the BJP is looking to him to play a winning card in the upcoming elections in the state, Bose said it is not a question of winning card or losing card, asserting his job is to bring back 'inclusivity' in Indian scenario.

How fake money fuels the terror network in India

How fake money fuels the terror network in India

Rediff.com4 Mar 2011

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.

New Rs2000 and Rs500 notes will change every 3-4 years

New Rs2000 and Rs500 notes will change every 3-4 years

Rediff.com2 Apr 2017

Advocating the move, home ministry officials said most of the developed countries change the security features of their currency notes every 3-4 years and therefore, it is absolutely necessary for India to follow this policy.

Terrorism, drugs, good governance: Rajnath says it all at SAARC

Terrorism, drugs, good governance: Rajnath says it all at SAARC

Rediff.com4 Aug 2016

India on Thursday sought strengthening of SAARC monitoring desks on terrorism and drugs, underlining that illicit funds generated from narcotics and fake currency networks are being fed into supporting terror activities

Demonetisation has failed to curb militancy in Kashmir

Demonetisation has failed to curb militancy in Kashmir

Rediff.com24 Feb 2017

'The more harder India pushes its nationalism on to its population, the further away we send Kashmiris.' 'We should understand that the unrest in that state cannot be solved by demonetisation. There are much deeper causes,' says Aakar Patel.

Devendra Fadnavis may divorce me, Amruta told bookie

Devendra Fadnavis may divorce me, Amruta told bookie

Rediff.com6 Jun 2023

Amruta Fadnavis told the bookie that she will go through the cases and then talk to Devendra Fadnavis, who also holds the home portfolio.

Record Rs 32,000 Crore Seized in Tax Raids

Record Rs 32,000 Crore Seized in Tax Raids

Rediff.com24 Jan 2022

Since arraignment under money laundering is a tougher offence, the CBDT hopes it will also overcome its dismal score sheet to prove satisfactorily to the courts that these cases were genuine ones of tax evasion.

How Modi thought of demonetisation

How Modi thought of demonetisation

Rediff.com1 Dec 2016

'In the coming months, expect more government action that will be packaged as an assault on black money,' warns A K Bhattacharya.

What are Modi's plans to stop future black money?

What are Modi's plans to stop future black money?

Rediff.com17 Nov 2016

'Alas, in this scheme there is nothing to stop the black money flows of the future.' 'On the contrary Modi has sown the seeds of more, through the issue of Rs 2,000 notes.' 'But have you heard one politician decrying this aspect of the scheme?' 'They must be secretly rejoicing that while Modi is taking away their past, he has not shut the door on their future,' says banker S Muralidharan.

Commerce minister: 'There is no panic'

Commerce minister: 'There is no panic'

Rediff.com20 Nov 2016

'People are willing to face temporary inconvenience as they are determined to support PM Modi's crackdown on black money,' Commerce Minister Nirmala Sitharaman tells Archis Mohan.

US is going to hell: Trump after arraignment

US is going to hell: Trump after arraignment

Rediff.com5 Apr 2023

The only crime that I committed is to fearlessly defend our nation from those who seek to destroy it, Trump said.

Khalistani terrorist Paramjit Panjwar shot dead in Lahore

Khalistani terrorist Paramjit Panjwar shot dead in Lahore

Rediff.com6 May 2023

Panjwar, 63 was involved in drug and weapons smuggling and was designated as a terrorist under the Unlawful Activities (Prevention) Act in July 2020.

NIA registers 'all-time high' 73 terror cases in 2022

NIA registers 'all-time high' 73 terror cases in 2022

Rediff.com31 Dec 2022

On average, about 60 cases were filed by the agency in 2019 and 2020, officials said.

Money, old and new, comes tumbling out as raids continue

Money, old and new, comes tumbling out as raids continue

Rediff.com14 Dec 2016

Raids are being carried out across the country by the Income Tax department in the wake of the burgeoning fake currency racket post demonetisation, as currencies both new and old have been seized in large amounts from Bengaluru, Panjim and Faridabad besides the national capital.

99% of scrapped 500, 1,000 notes back in system: RBI

99% of scrapped 500, 1,000 notes back in system: RBI

Rediff.com30 Aug 2017

Only Rs 16,050 crore out of the Rs 15.44 lakh crore of the old high denomination notes have not returned.

RBI to review banks' mechanism to detect fake notes

RBI to review banks' mechanism to detect fake notes

Rediff.com30 Oct 2012

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.

India denies reports of sending troops to Sri Lanka

India denies reports of sending troops to Sri Lanka

Rediff.com11 May 2022

'The High Commission would like to categorically deny speculative reports in sections of media and social media about #India sending her troops to Sri Lanka. These reports and such views are also not in keeping with the position of the Government of #India,' the Indian mission said on Twitter.

Despite Modi's digital drive, cash is still the king

Despite Modi's digital drive, cash is still the king

Rediff.com27 May 2021

The Reserve Bank of India on Thursday said banknotes in circulation witnessed higher than average increase during 2020-21, on account of precautionary holding of cash by people due to the COVID-19 pandemic, and its prolonged continuance. The value and volume of banknotes in circulation increased by 16.8 per cent and 7.2 per cent, respectively, during 2020-21, as against an increase of 14.7 per cent and 6.6 per cent, respectively, witnessed during 2019-20, said the RBI annual report. In value terms, the share of Rs 500 and Rs 2,000 banknotes together accounted for 85.7 per cent of the total value of banknotes in circulation as on March 31, 2021, as against 83.4 per cent as on March 31, 2020.

Rs 2,000 notes were not printed in 2019-20: RBI

Rs 2,000 notes were not printed in 2019-20: RBI

Rediff.com25 Aug 2020

The number of Rs 2,000 currency notes in circulation has come down from 33,632 lakh pieces at end-March 2018 to 32,910 lakh pieces at end-March 2019 and further to 27,398 lakh pieces at end-March 2020.

Two Pak drones recovered so far: Punjab govt

Two Pak drones recovered so far: Punjab govt

Rediff.com27 Sep 2019

The damaged drone was recovered in Mahawa village based on the information given by one of the four people the state police arrested on Sunday.

Why Raghuram Rajan Raced At RBI

Why Raghuram Rajan Raced At RBI

Rediff.com13 Jan 2023

The speed at which he led the central bank in different areas -- ranging from internal reorganisation to inflation fighting, stabilising the currency, taking on rogue corporations, cleaning up bank balance sheets, and opening the sector -- makes one believe that Rajan knew he had only three years to do his job. A fascinating excerpt from Tamal Bandyopadhyay's MUST-READ Roller Coaster: An Affair with Banking.

20 fake accounts, Rs 60 crore found in I-T raid on Axis branch in Noida

20 fake accounts, Rs 60 crore found in I-T raid on Axis branch in Noida

Rediff.com15 Dec 2016

In the search, Rs 60 crore were found in 20 accounts of as many shell companies, an official said, adding the I-T team was scanning the records to trace the directors of these companies.

How Chidambaram plans to check tax evasion

How Chidambaram plans to check tax evasion

Rediff.com12 Dec 2013

The intelligence wing of Central Board of Excise and Customs has 532 officers and staff, he said, adding, the staff strength of DRI will double when cadre review is completely rolled out.

The black money problem is far from over!

The black money problem is far from over!

Rediff.com15 Nov 2016

Hence, the claims by the Government that this will end the menace of black money and corruption are simply outlandish. Also, the simultaneous introduction of Rs 2,000 note undermines their claim and it simply does not fit the storyline of an attack on black money and corruption.