106th Day Of Lockdown

Maharashtra2237241231929448 Tamil Nadu118594711161636 Delhi102831742173165 Gujarat37636267441978 Uttar Pradesh2996819627313 Telangana2761216287313 Karnataka2681511100417 West Bengal2383715790804 Rajasthan2140416575472 Andhra Pradesh211979745252 Haryana1799913645279 Madhya Pradesh1562711768622 Bihar12525933898 Assam12523833016 Odisha10097670354 Jammu and Kashmir89315399143 Punjab67494554175 Kerala5895345228 Chhatisgarh3415272814 Uttarakhand3230262143 Jharkhand3018210422 Goa190311568 Tripura171612481 Manipur14307710 Himachal Pradesh107876410 Puducherry104351714 Nagaland6443030 Chandigarh4924017 Arunachal Pradesh270922 Mizoram1971390 Sikkim125650 Meghalaya94432
Business Other News 10 Nov 2016 Intelligence told to ...

Intelligence told to study note ban impact

DECCAN CHRONICLE. | RAJNISH SHARMA
Published Nov 10, 2016, 12:57 am IST
Updated Nov 10, 2016, 1:23 am IST
Central Intelligence agencies are also keeping a close watch on currency situation.
Minister of state for finance Arjun Ram Meghwal
 Minister of state for finance Arjun Ram Meghwal

New Delhi: Central intelligence agencies, including the Intelligence Bureau and National Investigation Agency (NIA), have been asked to closely monitor the impact of demonetisation of Rs 500 and Rs 1,000 currency notes on terror funding as well as circulation of fake Indian currency notes (FICN), particularly by Pakistan’s Inter Services Intelligence (ISI).

Minister of state for finance Arjun Ram Meghwal had recently informed the Parliament that fake currency worth nearly Rs 400 crore was circulating in the economy though, according to intelligence sources, unofficially the figure could run into thousands of crores.

 

Top intelligence sources said the demonetisation move will have significant impact both on terror funding and even circulation of fake currency notes in the “short to medium term”. “It will take quite sometime for ISI or terror operatives like Dawood Ibrahim, who are actively involved in pumping fake currency into the economy, to copy the new Rs 500 and Rs 2,000 currency notes that are being introduced with enhanced safety features. Printing of fake smaller denominations has logistical problems so we feel the ISI will not go in for that,’’ a senior intelligence official said.

There is a view within the security establishment that by the time ISI develops the expertise to develop the new Indian currency notes our intelligence agencies would be able to crackdown and squeeze most of the channels for terror funding.

Intelligence agencies, sources added, are also closely monitoring the situation to ensure that the existing currency in the denomination of Rs 500 and Rs 1,000 is not pumped into the economy as these can be deposited with banks till December 30 this year.

Most of the fake currency comes into the country through the Nepal and Bangladesh route so extra vigil would be maintained on these two circuits, sources added. The hawala network is also being monitored.

...




ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT