Demonetisation: Just Rs 2.60 lakh fake notes seized in J&K but minister insists it choked terror funding
As per reports of agencies, the demonetisation of bank notes of Rs 500 and Rs 1,000 denomination resulted in significant positive impact on most theatres of violence in the country
New Delhi: Demonetisation led to a decline in Pakistan printed high quality fake Indian currency notes which resulted only Rs 2.60 lakh seizure of such notes in Jammu and Kashmir between 9 November, 2016 and 14 July, parliament was told on Tuesday.
"As per reports of agencies, the demonetisation of bank notes of Rs 500 and Rs 1,000 denomination resulted in significant positive impact on most theatres of violence in the country," Minister of State of Home Hansraj Gangaram Ahir told the Lokj Sabha in a written reply.
"Since illegally held cash forms the major chunk of terrorist funding, after the demonetisation, most of the cash held with the terrorists turned worthless. Demonetisation also led to instant extinguishment of Pakistan-printed high quality fake Indian currency notes. It also adversely affected the hawala operators," he said.
Citing National Crime Record Bureau (NCRB) data, Ahir said that only Rs 2.60 lakh fake Indian currency notes in the denomination of Rs 2,000 (98 notes), new Rs 500 (68 notes) and old Rs 500 (60 notes) have been recovered in Jammu and Kashmir between 9 November, 2016 and 14 July, 2017.
Pakistan: FIA officer investigating corruption cases against prime minister Sharif dies of heart attack
Federal Investigation Agency former director Mohammad Rizwan, 47, went on long leave just before the formation of the PMLN-led coalition government and was later transferred from the office of FIA Lahore director
Pakistan will eliminate terrorism threat; want balanced relation with world powers, says Foreign Office
Addressing a media briefing, FO spokesperson Asif Iftikhar said that the country will pursue all avenues to defeating the scourge of terrorism and ensure the attainment of peace and stability in the region
The PCB chairman Ramiz Raja had in principle agreed to a 25 to 30 per cent increase in the monthly retainers of the players who will be given contracts.