Sunday, July 29, 2012

Fake Indian currency a threat to country

Lucknow, Jul 25: Cirulation of fake Indian Currency Notes (FICN) and other counterfeit items is a major problem in Uttar Pradesh which could be a terrorist and economic threat for the country, several speakers at a FICCI- CASCADE seminar maintained here today. Speaking at the seminar titled ‘Curbing Counterfeiting and Smuggling – An Imperative for Indian Economy’ as the chief guest, Uttar Pradesh Commissioner Customs Ajay Dixit maintained that the smuggling of counterfeit currency was widely prevalent in the country due to its porous international borders with Nepal and Bangladesh. Dixit quoting RBI statistics, said...............

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