Tue, May 30, 2023
The Reserve Bank of India (RBI) has released its annual report for the financial year 2022-23. The report shows that the number of fake Rs 500 denomination notes detected increased by 14.4% to 91,110 pieces in FY23. However, the number of fake Rs 2,000 denomination notes detected decreased to 9,806 pieces. Counterfeit notes of Rs 20 and Rs 500 (new design) increased by 8.4% and 14.4%, respectively. While, counterfeit notes of Rs 10, Rs 100, and Rs 2,000 declined by 11.6%.
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Tue, Aug 08, 2017
Even after the government banned Rs 500 and Rs 1000 notes to curb fake notes over Rs 2.55 crore fake notes have now been seized by the government post demonetisation.
Sun, Jul 30, 2017
The report of the Financial Intelligence Unit (FIU), the premier technical snoop wing under the Finance Ministry, said the financial year 2015-16 saw a "record increase" in the detection of such instances.
Wed, Jan 11, 2017
The Government of India's recent demonetisation decision, which grabbed news headlines across media resulting in cash crunch and chaos across the country last year, was in the making since 2014.
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