Seizure of counterfeit currency up in 2020: NCRB report

#counterfeit, #currency, #fake, #NCRB, reported

As many as 8,34,947 Fake Indian Currency Notes (FICN) worth more than Rs 92 crore were seized in 2020, according to the Crime in India 2020 report by the National Crime Records Bureau. This is an increase of 190.5 percent in volume from 2,87,404 notes worth over Rs 25 crore seized in 2019. In terms of value, the seizure was 3.6 times higher over a year.

This significant increase in seizure of counterfeit notes through the pandemic-hit year led to 385 cases involving 633 accused being registered.

The denominations

Fake notes of Rs 1,000 were the most (38 percent) seized denominations, followed by Rs 2,000 (29 percent) and the new Rs 500 note (25 percent). In terms of value, Rs 2,000 notes accounted for 53 percent of the total seizure, followed by Rs 1,000 (35 percent).

Maharashtra reported the most 6,99,495 FICNs, worth Rs 83.6 crore, seized in 2020. That is 84 percent of the total notes seized in the country by volume and 91 percent by value.

Other States with the most counterfeit notes seized include West Bengal (24,227), Gujarat (20,360), Andhra Pradesh (17,705) and Uttar Pradesh (17,078).

One of the possible reasons for the increase in seizures could be because of heightened vigil and surveillance by security agencies.

The NCRB report, in its ‘word of caution’, states: “Rise in crime and increase in registration of crime by police are clearly two different things, a fact which is often confused. Thus an oft-repeated expectation from certain quarters that an effective police administration will be able to keep the crime figures low is misplaced. Increase in crime numbers in State police data may in fact be on account of certain citizen centric police initiatives, like launching of e-FIR facility or women Helpdesks, etc.”

“Compared with the previous year, there was an increase of 31 percent in counterfeit notes detected in the denomination of Rs 500 [Mahatma Gandhi (New) Series],” said the Reserve Bank of India in its 2020-21 Annual Report. “However, there was a decline in counterfeit notes detected in other denominations,” the report added.

Overall, there was a decline of about 30 percent in the counterfeit notes detected in the banking system, from 2,96,695 notes in 2019-20 to 2,08,625 in 2020-21. Of the FICNs detected in the banking sector in 2020-21, 3.9 percent were detected at the Reserve Bank and 96 percent by other banks.

The Uttar Pradesh Anti-Terrorism Squad arrested a woman, said to be the mastermind of an international fake currency racket, from West Bengal on Sunday after a hunt of about a year, the Hindustan Times reported on September 20.

“The fake currency notes were smuggled into India from Bangladesh and routed to Uttar Pradesh, Punjab and Haryana on the directions of Mumtaz Bano (the woman arrested). She ran the entire operation with the help of operatives spread across these States,” the report stated.

Internet Explorer Channel Network
News Related


Review | 'Succession' season 3 begins with Logan Roy's promise to "go full f*****g beast"

Season 2 of the best television drama series in recent times, HBO’s Succession, ended with a Shakespearean slam-dunk. Media moghul Logan Roy (Brian Cox) and his Prince Hamlet son Kendall ... Read more »

Hello World | The importance of play at your startup

(Representative image) Atlassian founders Mike Cannon-Brookes and Scott Farquhar used rock-paper-scissors to make decisions they were tied on. Note to readers: Hello world is a program developers run to check ... Read more »

What It's Like Being Disabled On The Internet

© Provided by Refinery29 Being a disabled woman on the Internet can be dangerous. We endure intrusion, ridicule, mock compliments and violent words. Our photos are misused in freakshow-style clickbait ... Read more »

Goa charter flights allowed from mid-October; but international arrivals expected only from mid-November

(Representative image) Goa Tourism data show that 813 charter flights landed in Goa between October 2018 and May 2019. Russia alone accounted for 292 of these flights. Though the Directorate ... Read more »

Jilin prison: North Korean escapee in China now has a $23,000 bounty on his head

Chinese authorities have offered a bounty equivalent to more than $23,000 for the capture of a North Korean defector who broke out of prison in the northeastern city of Jilin ... Read more »

‘People are fed up': Dollar General workers push to unionize amid hostility from above

Photograph: Erin Scott/Reuters The low-cost retailer Dollar General has the highest number of store locations in America, with over 17,600 stores in 46 states, and its golden and black logo ... Read more »

Developing the Footwear Industry Amid the COVID-19 Pandemic

Unsplash Read more »

One of Maryland's escaped zebras dies in illegal trap

One of a group of escaped zebras that have spent almost two months running wild through the east Maryland suburbs has died, authorities said, in a blow to thousands who ... Read more »

In Pics | India ranks 90 among 181 countries prone to natural disasters

Representative image The World Risk Index (WRI) 2020 report, released by the United Nations University Institute for Environment and Human Security (UNU-EHS), Bundnis Entwicklung Hilft and the University of Stuttgart ... Read more »

Zomato Terminates Employee Who Told a Customer 'Hindi Is Our National Language'

The ‘never-have-a-bad-meal’ food delivery company Zomato gave a bad experience to a customer. The company invited trouble after its employee slammed a customer, in a grievance redressal conversation, for not ... Read more »

New York City Officials Unanimously Vote to Remove Thomas Jefferson Statue From Council Chambers

In light of events such as the murder of George Floyd, people have been reckoning with the paradoxes of historical figures. Thomas Jefferson occupies one such gray area, as a figure who was ... Read more »

Shocking Video Shows Man Reaching Behind Counter at McDonald's, Stealing Over $1,000

A shocking new surveillance video is making its rounds in which a man can be seen reaching through the Covid-safe partition at a local McDonald’s to steal cash from the open register. NurPhoto ... Read more »

Rare Bird-Flu Outbreak Jumps to Mammals at Wildlife Center

As the world continues to grapple with the effects of Covid-19, a small but concerning virus has also started to make headlines: the H5N8 bird flu strain, which killed five ... Read more »

Amazon Accused of Lying to Congress

Five members of the U.S. House Judiciary Committee accused top Amazon executives of misleading or lying to Congress about the company’s business practices.  Bloomberg | Getty Images Reps. Jerrold Nadler, ... Read more »

Consumer Goods Giant to Raise Prices on More Staples, Blames Increase in Cost on Raw Materials

Procter & Gamble Co. said it will raise prices on a number of household staple goods as the cost for raw materials and freight has increased faster than it had ... Read more »

SEC's GameStop Report Investigates Role of 'Game-Like' Brokerage Apps

A report by the Securities and Exchange Commission (SEC) released Monday that investigated the trading controversy surrounding GameStop earlier this year has challenged the role of “game-like” trading apps that may urge investors to ... Read more »

Southwest Pilots' Union Seeks Delay on Vaccine Mandate

The Southwest Airlines Pilots Association asked a federal court to grant a temporary restraining order to prevent the company from implementing a COVID-19 vaccine mandate for its employees. The mandate ... Read more »

India Will Use AI, ML To Achieve Sustainability Goals: Amitabh Kant

Last year, Google’s Sundar Pichai said the tech giant aims to power all its offices and data centers on sustainable energy 24 hours a day, seven days a week. Its ... Read more »

Bill Gates' Daughter, Jennifer Gates, Shares First Photos of Wedding Gown, Wedding Ceremony -- Take a Look at the Stunning Bride

It was a most-buzzed about wedding the past weekend in North Salem, New York as daughter of billionaire Bill Gates, Jennifer Gates, said ‘I do’ to longtime partner and equestrian ... Read more »

US marshals inspect DC jail and speak with Jan. 6 inmates

U.S. marshals visited the Washington, D.C., Central Detention Facility Monday and spoke to inmates arrested during the Jan. 6 riot at the U.S. Capitol following claims of poor treatment, according ... Read more »

Rapper Flavor Flav arrested for domestic battery

Rapper Flavor Flav has been arrested and charged with domestic violence. William Jonathan Drayton Jr., better known by his stage name, Flavor Flav, was arrested for an alleged domestic violence ... Read more »

Google's Sundar Pichai says CEOs 'need to embrace' that employees want a say in whether they work remotely, in-person, or a mix of both

© Provided by Business Insider Sundar Pichai, the CEO of Google. Denis Balibouse/Reuters Google CEO Sundar Pichai talked with The Wall Street Journal about his company’s hybrid work policy. He ... Read more »

House Explosion Rocks Scottish Town of Ayr

Emergency services in Ayr, Scotland, responded to an explosion at a residential property in the town’s Kincaidston area on Monday evening, October 18, police and fire officials said. Ayrshire Police ... Read more »

Google Pixel 6, Pixel 6 Pro launched at a starting price of $599; takes on the iPhone 13 series

Google has launched the Pixel 6 series in the US. The new Google Pixel 6 launched alongside the Pixel 6 Pro feature the company’s custom-developed Tensor chip. The Google Pixel ... Read more »

How a federal push to stop Chinese scientists from stealing U.S. secrets has failed in court

WASHINGTON — The federal government brought the full measure of its legal might against Anming Hu, a nanotechnology expert at the University of Tennessee. Investigators secretly surveilled him for more ... Read more »

Hezbollah's campaign against Beirut blast judge paralyses Lebanon's government

© Bilal Hussein, AP Hezbollah and its political allies have intensified Lebanon’s political crisis and paralysed the new government by trying to push the cabinet to dismiss Tarek Bitar, the ... Read more »

Woman reaches plea deal after daughter found dead amid filth

ALEXANDRIA, La. (AP) — A 50-year-old Louisiana woman has accepted a 50-year sentence as part of a plea agreement in the death of her 25-year-old disabled daughter, who died dehydrated ... Read more »

With Afghanistan's economy on the brink, Taliban rely on former technocrats

Afghans walking through a market in Kabul on October 12, 2021. Not just American dollars, Afghani – the local currency – is also in short supply. (AP Photo/Ahmad Halabisaz, File) ... Read more »

R20 a litre for petrol before year end is looking plausible, AA says

© Provided by Independent Online (IOL) Johannesburg – South African motorists are potentially facing fuel price increases of “catastrophic proportions”, with diesel looking set to see its largest hike ever, ... Read more »

Zomato apologises for employee's ‘Hindi is national language' comment after Twitter storm

Food delivery company Zomato landed in a hot soup after its employee told a customer that Hindi is the “national language” and everyone should know it. The claim is not ... Read more »

Storyboard | Are advertising agencies getting ‘vendor-zoned'?

Agency insiders say that among the factors ailing legacy ad agencies today is the fact that many independent writers and small shops make creatives, including TVCs, for about a third ... Read more »

More Than 90 Snakes Removed From Beneath Northern California Home

On October 2, 22 adult rattlesnakes and 59 babies preparing for hibernation were removed from beneath a mountainside home in Santa Rosa, California, AP News reports.  Director of Sonoma County Reptile Rescue ... Read more »

Australian Commission Says 7-Eleven Breached Privacy Laws With Data-Gathering

Convenience store company 7-Eleven breached customer privacy by gathering facial imagery data without consent, according to an Australian privacy commission, which began looking into the matter in July of 2020.  ... Read more »

5 Ways To Finance Your International Higher Education Degree

Amid the COVID-19 pandemic, the market to study abroad is set to thrive in 2022 and beyond. There is a surge in demand from students seeking to pursue higher education ... Read more »

Billionaire Supermarket Owner Warns: Food Prices Will Go Up 'Tremendously'

The owner of a New York City supermarket chain predicted the food prices will increase sharply in the coming months, with some increasing 10 percent in the next two months. John Catsimatidis, ... Read more »

Toyota Announces Plans for $1.3 Billion US Battery Plant, Expects to Employ 1,750 Workers

Toyota announced Monday it will invest $3.4 billion in automotive batteries in the United States, including nearly $1.3 billion in an unnamed battery plant that is expected to employ 1,750 new ... Read more »

The Questions You Ask Yourself Determine the Answers You Receive

Asking questions is an excellent way to not only know ourselves but also grow our knowledge. According to William McGirr & Roberto Maggio, most people lose their genuine curiosity as ... Read more »

Late And Failed Payments Are Just Another Pandemic Symptom For Businesses. Rethinking Payments Is an Easy Remedy

The COVID-19 pandemic has exacerbated the struggles of businesses in Australia and New Zealand to keep pace with the rapidly changing recurring payments landscape, resulting in lower revenue and profits ... Read more »
On you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic