Fake Currency And Terrorism

The government on Tuesday revamped the legal definition of "a terrorist act", including within it threats to the economic and monetary security of the country, through such actions as spreading counterfeit currency.

Fake currency, terror financing and black money are three evils and are like 'Jarasandha' (an antagonist in Mahabharat) and should be cut into pieces, the Centre told the Supreme Court while opposing the pleas challenging the 2016 demonetisation.

The National Investigation Agency (Amendment) Bill-2019, introduced by Union Home Minister Amit Shah on July 8, was passed by the Lok Sabha on Mondayamid protests by the Opposition. While the government maintained that broadening the central probe agency's investigation powers through the legislation was essential for implementing its zero-toleranc...

In his speech on November 8 last year, announcing the ban on high value currency, Prime Minister Narendra Modi set out the reasons for the dramatic move - striking a blow against black money, terrorism and fake currency.

High quality fake currency notes act as "oxygen for terrorism" which is a curse to the society, Home Minister Rajnath Singh said today.

Banks have received 12.44 lakh crores or $184.24 billion in old 500 and 1,000-rupee notes till December 10, since the currency ban, the Reserve Bank of India said today. It also said that banks have so far issued 4.61 lakh crores in new currency to people over the counter and through ATMs. Prime Minister Narendra Modi had on November 8 announced th...

Asserting that demonetisation will not only hit terrorism and unrest, but also put an end to fake currency in circulation, actor Nana Patekar today praised Prime Minister Narendra Modi's move and urged common man to bear the inconvenience for some time.

In a bid to fight against black money, fake currency, corruption and terror financing, Prime Minister Narendra Modi announced demonetisation of Rs 1,000 and Rs 500 notes on Tuesday night.

India and China will soon set up two joint working groups to deal with the Fake Indian Currency Notes (FICN) and a round-the-clock hotline to exchange information related to terror and organised crimes.

The RBI said the move is necessitated to tackle counterfeiting Indian banknotes, to effectively nullify black money hoarded in cash and curb funding of terrorism with fake notes.

With another set of provocative comments on Kashmir coming from Pakistan, India reacted strongly today, saying, "India and others in the region have already received enough of Pakistan's trademark exports - international terrorism, cross-border infiltrators, weapons, narcotics and fake currency".

A Hyderabad city court today convicted 15 of the 25 accused in a case relating to a pan-India network of fake currency racketeers.

Two persons were arrested for smuggling into India fake currency with a face value of Rs 4.65 lakh, allegedly printed in Pakistan and to be used for funding terrorist activities in the country, police said on Saturday.

The Delhi police has told a court here that a consignment of over Rs 1.18 crore fake currency notes, seized by it in January, had been sent from Pakistan at the behest of its intelligence agency and banned terror outfit Lashkar-e-Taiba (LeT) to destabilise the Indian economy. The police made this claim in its charge sheet, filed in the court of Chi...

The government on Tuesday revamped the legal definition of "a terrorist act", including within it threats to the economic and monetary security of the country, through such actions as spreading counterfeit currency.

Fake currency, terror financing and black money are three evils and are like 'Jarasandha' (an antagonist in Mahabharat) and should be cut into pieces, the Centre told the Supreme Court while opposing the pleas challenging the 2016 demonetisation.

The National Investigation Agency (Amendment) Bill-2019, introduced by Union Home Minister Amit Shah on July 8, was passed by the Lok Sabha on Mondayamid protests by the Opposition. While the government maintained that broadening the central probe agency's investigation powers through the legislation was essential for implementing its zero-toleranc...

In his speech on November 8 last year, announcing the ban on high value currency, Prime Minister Narendra Modi set out the reasons for the dramatic move - striking a blow against black money, terrorism and fake currency.

High quality fake currency notes act as "oxygen for terrorism" which is a curse to the society, Home Minister Rajnath Singh said today.

Banks have received 12.44 lakh crores or $184.24 billion in old 500 and 1,000-rupee notes till December 10, since the currency ban, the Reserve Bank of India said today. It also said that banks have so far issued 4.61 lakh crores in new currency to people over the counter and through ATMs. Prime Minister Narendra Modi had on November 8 announced th...

Asserting that demonetisation will not only hit terrorism and unrest, but also put an end to fake currency in circulation, actor Nana Patekar today praised Prime Minister Narendra Modi's move and urged common man to bear the inconvenience for some time.

In a bid to fight against black money, fake currency, corruption and terror financing, Prime Minister Narendra Modi announced demonetisation of Rs 1,000 and Rs 500 notes on Tuesday night.

India and China will soon set up two joint working groups to deal with the Fake Indian Currency Notes (FICN) and a round-the-clock hotline to exchange information related to terror and organised crimes.

The RBI said the move is necessitated to tackle counterfeiting Indian banknotes, to effectively nullify black money hoarded in cash and curb funding of terrorism with fake notes.

With another set of provocative comments on Kashmir coming from Pakistan, India reacted strongly today, saying, "India and others in the region have already received enough of Pakistan's trademark exports - international terrorism, cross-border infiltrators, weapons, narcotics and fake currency".

A Hyderabad city court today convicted 15 of the 25 accused in a case relating to a pan-India network of fake currency racketeers.

Two persons were arrested for smuggling into India fake currency with a face value of Rs 4.65 lakh, allegedly printed in Pakistan and to be used for funding terrorist activities in the country, police said on Saturday.

The Delhi police has told a court here that a consignment of over Rs 1.18 crore fake currency notes, seized by it in January, had been sent from Pakistan at the behest of its intelligence agency and banned terror outfit Lashkar-e-Taiba (LeT) to destabilise the Indian economy. The police made this claim in its charge sheet, filed in the court of Chi...