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COUNTERFEIT CURRENCY MANUFACTURING
Police arrest five people printing fake Rs 500 notes out of a private bungalow in MaharashtraPolice busted a counterfeit currency unit in Nashik, arresting five alleged gang members. Specialized chemicals were allegedly used to manu...- Drone killer noise: Chandigarh scientist develops new anti-drone tech that destroy aerial threats without firing a single bullet or laser beamScientists developed an acoustic anti-drone system to disable unauthorized unmanned aerial vehicles. This technology uses sound waves to di...
- BIS to scale up silver hallmarking testing as buyers shift from costly goldThe Bureau of Indian Standards is expanding silver jewellery testing capacity. This move comes as demand for silver increases due to rising...
- Plastic notes in India coming soon: Why govt wants polymer banknotes, which countries use them and how these currencies helpWhy is RBI introducing plastic notes?The government's approval for RBI polymer notes has renewed focus on why RBI plastic notes are needed....
- 12 years of PM Modi: Bold reforms, decisive decisions and political turning pointsAfter 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered Ind...
- We should count polymer notesAs this usage is likely to continue for some time, there is a need to review the material used to make currency notes in India. Polymer cur...
- Spike in counterfeiting of PPE kits, sanitisers during COVID lockdown: ReportThe top five sectors which have been most affected by counterfeiting are -- alcohol, tobacco, FMCG packaged goods, currency and pharmaceuti...
- Counterfeit products create Rs 1-lakh-cr hole in economy, incidents up 24% in 2019: ReportThe report also said counterfeiters are having a free-run due to the pandemic-driven disruptions to organised supply chains and the resulta...
- Fake rupee note seizure in Switzerland plunges to just 3 in a yearSeizure of fake Indian currency in Switzerland, for long perceived an alleged haven for black money, has come down sharply to just three in...
- China issues new RMB 100 note to stop forgery of currencyThe new note will be harder to counterfeit and easier for machines to read, thanks to its enhanced security features including widening of ...
- India, US plan MoU to crack down on fake note networkAs per the MoU counterfeiting of currency shall be declared as an instrument for hitting monetary and financial stability of a country.
- India to seek US help to check fake currency notesRajnath Singh will place the proposal before his US counterpart Jeh Johnson during the US-India Counter-terrorism and Homeland Security Coo...
- China calls for ATM upgrade to handle new currency notesAlthough the existing machines will not necessarily be replaced after the new bank notes are issued, they should be upgraded, industry insi...
- Mysore to manufacture paper for currency notes next yearThe committee, comprising officials from the RBI, ministry of finance and paper mills, among others, also had on its board former Isro chai...
- Pre-2005 fake notes have no value: Reserve Bank of IndiaThe RBI has confirmed to ET that a person will get “no value” from the bank if he or she has a counterfeit currency note.
- Mitt Romney to designate China as currency manipulatorRepublican presidential candidate Mitt Romney has lashed out at China for its alleged unfair trade practices, saying that he would label th...
- Currency notes get a makeover to check forgeryNew security features such as invisible fibre, colour shift ink and machine-readable micro text is on its way to prevent counterfeiting of ...
- No serious threat to economy due to fake currency: GovtThe government today said fake currencies do not pose a serious threat to the economy as the number of counterfeit notes is negligible at e...
- Fake currency unit unearthed in DelhiDelhi Police today claimed to have unearthed a fake currency manufacturing unit in north-east Delhi with the arrest of three youths and rec...
- Secret Indian currency template compromised: CBIThis is possibly why fake but real-looking Indian currency notes are being pumped in to subvert the country's economy. How to identify fake...
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