Home ministry plans new measures to counter fake notes
Headlines Today New Delhi, August 3, 2009
The Home Ministry on Monday decided to adopt new measures to counter the growing inflow of fake currency in the country.
The decision was taken during a meeting in Delhi. To make production of fake notes difficult, talks would be initiated with the Swiss company that supplies ink for printing notes. The ministry has also decided to increase surveillance to stop the entry of fake notes.
In addition to the measures taken by the ministry, the Reserve Bank of India will provide additional security features in notes.
Home Minister P. Chidambaram fears that the counterfeit notes seized recently could be just the tip of the iceberg.
Fake notes seized
Even as the ministry met to consider ways to tackle the menace, fake notes worth Rs 5.65 lakh were seized in Punjab's Nawashahar district. Three persons were arrested.
Another seizure of fake notes was made on Sunday in Chandigarh. Two persons were arrested with currency worth Rs 4 lakh.
Suspects Yudhveer Singh and Savinder Kaur are said to be residents of Amritsar. Two hundred notes of 1000 rupee denomination and 400 notes of 500 rupee denomination were found with them.
“We suspect that Savinder Kaur smuggled the counterfeits from Pakistan. She also possesses a Pakistan visa,” said J.S. Khera, DSP, Chandigarh Police.
According to the police, Savinder Kaur could be an ISI agent. She has been to Pakistan at least five times on the pretext of pilgrimage.
Home ministry plans new measures to counter fake notes
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