As per data of National Crime Records Bureau (NCRB), there is declining trend in Fake Indian Currency Notes (FICN) seized during the years 2017, 2018 and 2019. This was stated by Shri Anurag Singh Thakur, Minister of State for Finance & Corporate Affairs, in a written reply to a question in Lok Sabha today.
Giving more setails, Shri Thakur stated that the Government of India has taken various measures to check the smuggling and circulation of FICN in the country, which inter alia, include:
- FICN Coordination Group (FCORD) has been formed by the Ministry of Home Affairs to share intelligence/information among the security agencies of the state/centre to counter the problem of circulation of fake currency cases.
- A Terror Funding and Fake Currency Cell (TFFC) has been constituted in NIA to investigate terror funding and fake currency cases.
- A Memorandum of Understanding (MoU) has been signed between India and Bangladesh to prevent and counter smuggling and circulation of fake currency notes.
- Security at the international borders has been strengthened by using new surveillance technology, deploying additional manpower for round the clock surveillance, establishing observations posts along the international border, erection of border fencing and intensive patrolling.
Source: PIB
Image Courtesy: YThisnews
You may also like
-
Coal Gasification Could Become India’s Next Big Industrial Self-Reliance Push
-
Tata Electronics–ASML Partnership Gives India’s First Chip Fab a Crucial Technology Backbone
-
Project Garud: Dhruva Space’s 500 kg-Class Satellite Platform Could Industrialise India’s Private Space Manufacturing
-
India’s Creator Economy Enters Its Formal Age as Influencer Marketing Heads Toward US$529 Million by 2027
-
GMR Aero Technic–Boeing Pact Puts Hyderabad on India’s Defence MRO Map
%20on%20the%20Decline){kind=link}