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Madhya Pradesh sees 300% spike in fake currency since demonetisation, but officials deny link with note ban
India

Madhya Pradesh sees 300% spike in fake currency since demonetisation, but officials deny link with note ban

In the 20 months since demonetisation, the Madhya Pradesh Police has seized fake notes worth Rs 1.29 crore in both new and old currency notes.

Detection of counterfeit notes was 31% lower than previous year; high-security features made making fakes difficult: RBI
Business

Detection of counterfeit notes was 31% lower than previous year; high-security features made making fakes difficult: RBI

Counterfeit notes detected in specified bank notes decreased by 59.7 and 59.6 percent in the denominations of Rs 500 and Rs 1,000

Banks received alarming amount of fake currency post demonetisation; detected 480% jump in suspicious transactions
Business

Banks received alarming amount of fake currency post demonetisation; detected 480% jump in suspicious transactions

Banks received a record amount of fake currency and detected an over 480 percent surge in suspicious transactions post demonetisation.

Chhattisgarh Police bust fake currency racket, arrest three for printing, circulating notes worth Rs 55,800
India

Chhattisgarh Police bust fake currency racket, arrest three for printing, circulating notes worth Rs 55,800

The Mahasamund district police in Chhattisgarh has arrested three people, including a doctor, for allegedly printing and circulating fake currency notes, an official said

BSF seizes 260 fake of Rs 2,000 notes on Bengal border from suspected smuggler
Business

BSF seizes 260 fake of Rs 2,000 notes on Bengal border from suspected smuggler

Fake Indian currency notes of the face value of Rs 5,20,000 in Rs 2,000 denomination have been seized from near Bangladesh border.

Demonetisation: RBI to hire currency verification system to segregate fake notes from banned ones
Business

Demonetisation: RBI to hire currency verification system to segregate fake notes from banned ones

The central bank is currently engaged in counting huge pile of old Rs 500/1000 notes which were scrapped following demonetisation on 9 November, 2016.

Visakhapatnam police seize Rs 2,000 fake notes worth Rs 4 lakhs, one held
India

Visakhapatnam police seize Rs 2,000 fake notes worth Rs 4 lakhs, one held

The officials of City Task Force on Friday arrested one person and seized counterfeit currency notes in denominations of Rs 2,000 notes with a face value of Rs 4.08 lakh from him at the railway station in Visakhapatnam.

Jaitley  says, 12 lakh new notes infused in the market by RBI
Business

Jaitley says, 12 lakh new notes infused in the market by RBI

Jaitley said the cost of the currency note is the function of direct and indirect material and labour cost, which changes every year.

Militancy in Kashmir was never a currency problem, demonetisation hasn't reduced terrorism
India

Militancy in Kashmir was never a currency problem, demonetisation hasn't reduced terrorism

Whatever other success we claim for demonetisation, it is failing on the count of militancy.

Demonetisation will not put an end to black money-generation, says economist Arun Kumar
Business

Demonetisation will not put an end to black money-generation, says economist Arun Kumar

The government, in a single stroke has scrapped a large volume of currency, which was in circulation, without having an alternative arrangement in place. It has created chaos and panic.

Bills showered on Blatter weren't fake, it was $600 from my pocket: FIFA prankster Brodkin
Sports

Bills showered on Blatter weren't fake, it was $600 from my pocket: FIFA prankster Brodkin

Turns out, the 'fake notes' Simon Brodkin showered on Sepp Blatter were not fake after all

'For North Korea 2026': Comedian showers FIFA chief Sepp Blatter with fake notes
Sports

'For North Korea 2026': Comedian showers FIFA chief Sepp Blatter with fake notes

Sepp Blatter's news conference at FIFA was disrupted and delayed Monday by a British comedian's stunt.

 RBI gives Rs 100 note a makeover, check out the new security features here
Business

RBI gives Rs 100 note a makeover, check out the new security features here

As per the apex bank's notification, they have issues Rs100 denomination banknotes in Mahatama Gandhi series-2005 with a new numbering pattern.

2005 currency cutoff: RBI move may check black money but it's panic time
Economy

2005 currency cutoff: RBI move may check black money but it's panic time

A period of three month is too short a time and will create long queues and confusion as the masses flock to banks spending a horrendous amount of man hours for this process

Why you need to be doubly careful with Rs 1000 notes
Investing

Why you need to be doubly careful with Rs 1000 notes

The Reserve Bank of India's annual report says 98,459 counterfeit notes of Rs 1,000 denomination were detected during 2012-13, compared with 83,280 in the previous year.

RBI to incentivise banks for reporting counterfeit notes
Economy

RBI to incentivise banks for reporting counterfeit notes

The Reserve Bank will introduce a scheme of incentives for banks to encourage them to report detection of counterfeit notes.

RBI announcement: Of Credit report, fake notes and NEFT
Economy

RBI announcement: Of Credit report, fake notes and NEFT

Apart from a CRR cut, In its second quarter review of monetary policy 2012-13, the Reserve Bank of India has taken spme measures to improve various customer service issues.