MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI JAYANT SINHA)
(a) & (b): As per Reserve Bank of India (RBI), the details of denomination-wise Fake Indian Currency Notes (FICN) detected by the banking system in the last three years and the current year are as follows:
Year RS RS RS RS RS RS RS RS Total 2 5 10 20 50 100 500 1000 pieces 2011-12 0 0 126 216 12457 123398 301678 83280 521155 2012-13 1 1 321 221 9759 108225 281265 98459 498252 2013-14 0 1 157 87 6851 118873 252269 110035 488273 2014 0 0 652 97 3269 88920 143579 67300 303817 (upto Sept, 2014
(c) As per information received from central intelligence and investigating agencies, high quality FICN are sourced from neighbouring countries with the help of self- sustaining criminal networks operating in South Asian and South-East Asian Region.
(d) The Ministry of Finance, Ministry of Home Affairs, RBI, Security and Intelligence Agencies of the Centre and States are working in tandem to thwart the illegal activities related to FICN. An FICN Coordination Group (FCORD) has been formed in the Ministry of Home Affairs to share the intelligence/information amongst different security agencies of States/Centre to counter the menace of circulation of fake currency notes in the country. It also coordinates with different security agencies to effect more seizures. The issue has also been raised in international multilateral fora constantly. RBI has also initiated several measures for generating public awareness, conducting training programmes for employees/ officers of banks and streamlining the process of reporting and detection of counterfeit notes.
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