The RBI has issued certain guidelines to detect counterfeit notes. Some of the common ways to detect fake are Watermark, Security Thread, Colour and Fluorescence.
Tirumala Tirupati Devasthanams has brought to the notice of the Reserve Bank of India that fake notes worth Rs 50 lakh in various denominations had been recovered from the Sri Vari 'Hundi.'
Reserve Bank of India regional director J Sadakkadulla on Thursday said that a high-level committee headed by RBI Deputy Governor Usha Thorat had recommended installing of note sorting machines (NSMs) in all bank branches in a phased manner and has asked the banks to give a road map to the RBI to achieve this task.
Police seized 100 fake notes of old Rs 500 denomination from Burhanuddin, who first claimed to be a Mumbai resident.
Pananjay Tiwari, founder and director of Impel Overseas Education, explains how the new changes can impact Indian students who are applying to US universities and those who are already studying in the US.
Rajya Sabha Chairman Jagdeep Dhankhar on Friday said a wad of currency notes was recovered by security staff from the seat allotted to Congress MP Abhishek Manu Singhvi.
The Central Bureau of Investigation conducted searches in Delhi and the national capital region (NCR) and busted a fake tech-support call centre that allegedly defrauded US citizens online.
The finance ministry on Friday informed a parliamentary committee that smuggling of fake currency has totally stopped post demonetisation and the tax department has seized Rs 515 crore in cash, including Rs 114 crore of new currency notes, up to January 10.
The hour-long episodes lurch from adrenaline-pumping to yawn-inducing, observes Deepa Gahlot.
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.
These notes can be exchanged for their full value at bank branches
'The number of STRs received in 2016-17 is 4,73,006 which is more than four times as compared to 2015-16 and this increase is attributed to demonetisaton exercise...,' the Financial Intelligence Unit's report has said.
'Seven months he has been in jail for no reason.'
The couple stayed in a Hotel in the month of March this year and booked the room under fake names, the owner of the hotel confirmed.
According to the police, the accused persons collected data, such as phone numbers and personal data from a portal, and the employees of the call centre randomly made calls using VoIP to US citizens.
The department will impose a penalty, which could be between 30 per cent and 120 per cent.
The Central Bureau of Investigation has taken over the investigation of four distinct cases from the Assam police, all connected with the death of the state police sub-inspector Junmoni Rabha last month in a suspected road accident, according to officials.
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Chests are select branches of banks authorised by RBI for distribution of notes and coins.
The gold and currency had arrived on an Air Canada flight from Zurich, Switzerland, to Pearson International Airport in Toronto.
Two Army Majors and seven jawans have been booked for attempting to murder a police officer investigating the recovery of fake currency from Territorial Army jawans in Poonch district, the police said on Tuesday. However, the duo could not be arrested as they are absconding. "Two Majors and seven jawans were booked for attempting to murder the Station House Officer (SHO) of Poonch police station on Monday during the investigation of a fake currency case," they said.
"You can download mobile applications provided by banks on your phones and I want to urge political leaders, teachers, youth to give training to people on mobile banking," Modi said.
Intelligence bureau officials warn that the next big to fund terror activities would be abductions and investigations have shown that ransom money was used in major terror operations such as the attack on the World Trade Centre and the Indian Parliament.
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.
Union Finance Minister Nirmala Sitharaman on Friday said the Indian economy is on a sustained path of revival and cited rise in GST collections and direct taxes to support her assertion. She further said that the confidence in the Indian stock market is growing as retail and small investors are keenly investing money in the share market. She was addressing the media in New Delhi.
Standing committee on finance to also focus on RBI autonomy and citizen's rights.
The submissions were made in an affidavit filed in response to a batch of pleas challenging the Centre's 2016 demonetisation decision.
Could the gains in terms of widening the tax net, increased digital transactions and detection of higher fake currency notes have been achieved without the huge disruption and output loss that demonetisation caused to the Indian economy, asks A K Bhattacharya.
RBI to withdraw pre-2005 notes: Here's how to recognise the new from the old.
Shahid's OTT debut, Ajith's bumper hit, and lots of romance. Sukanya Verma gives you some OTT recommendations for the week.
He challenged political parties to face the polls with the issue.
November 8 marks 6 years after demonetisation. A K Bhattacharya reveals how the prime minister and the RBI worked together for months before Modi's 8 pm speech. A riveting excerpt from The Rise Of Goliath: Twelve Disruptions That Changed India.
Terming demonetisation as a historic and brave step, he said, black money constitutes 80-85 per cent of the economy and Modiji has taken bold step to solve the issue
The secret template India uses to print currency notes has been 'compromised' and that is possibly why fake but real-looking Indian currency notes are being pumped in, says the Central Bureau of Investigation, to subvert the country's economy.
The biggest achievement of demonetisation is that it has brought about a social revolution against black money and corruption, says Sukumar Mukhopadhyay.
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.
India said on Sunday that it had conveyed to Nepal its concerns about "unhealthy activities" directed against it from the country's territory, including smuggling of fake currency, and received an assurance from the Nepalese side that their country's soil would not be allowed to be used against it.
Officials of India and Nepal on Saturday discussed security issues and cross-border crime during the home-secretary level talks here as New Delhi expects Kathmandu to address its concerns.
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.
Whether the collections were original or fake is yet to be ascertained, the police said.
The Indian Mujahideen earlier relied on extortions and arms smuggling but has now realised that donations are a better and safer way to collect funds for its operations, reports Vicky Nanjappa.
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