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Tuesday, November 5, 2024
TopicCounterfeit currency

Topic: counterfeit currency

Demonetisation failure? Rs 500 & Rs 2,000 notes together make up 50% of counterfeit notes detected

Ministry of Finance informed Parliament govt implemented demonetisation to reduce incidence of fake notes. But counterfeiting of high value currency has risen sharply, fresh data shows.

Fake banknotes seized in India doubled after demonetisation, Gujarat topped list: NCRB

National Crime Records Bureau’s report for 2017 says new Rs 2,000 note, released after demonetisation, accounted for more than half the seized currency.

Central Information Commission wants data on Rs 2,000 & Rs 500 notes printed disclosed

The RBI subsidiary that prints currency notes had earlier claimed that the information cannot be shared with people because of several reasons.

RBI data reveals demonetisation was the epitome of whimsical, illogical policymaking

The government wanted demonetisation to combat three problems. None of them seem to have been solved. 

On Camera

Watch CutTheClutter: Flattening INR-USD rate, and debate on pros and cons of a ‘strong’ rupee

In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.

As IDF unveils robotic combat task force, Israeli maker says open to working with India

Using this technology, IDF carried out fully robotic combat missions, drastically reducing risk to Israeli troops. The robotic combat task force also enhanced situational awareness.

Xi wanted to teach India about imbalance of power. We should take a budgetary lesson from it

While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.