Demonetisation: Fake currency smuggling has decreased, says M V Naidu
New Delhi, Dec 5 (IBNS): Union Urban Development Minister M Venkaiah Naidu said on Monday that the move to demonetise higher currency notes have affected the smuggling of fake currency notes in India.
Citing data, the lawmaker said that while smuggling of counterfeit notes have dropped from Rs 2.87 Cr in 2015 to Rs 1.53 alongside Indo-Bangladesh border, nationwide the figure stands at Rs 43.83 Crore in 2015 to Rs 27.70 Crore in Sept 2016.
"Indo-Bangladesh border- fake currency smuggling on the rise over past 8 yrs. Reduced from Rs 2.87 Cr in 2015 to Rs 1.53 Cr in 2016 -BSF Data," he tweeted.
"National Crime Records Bureau(NCRB) says, smuggling of fake currency was down from Rs 43.83 Crore in 2015 to Rs 27.70 Crore in Sept 2016," a second tweet read.
Naidu, who's also the Information and Broadcasting Minister, urged the youth and other digitally literate people to help the others learn about digital transaction.
"Necessity is the mother of invention, to use a clichéd adage. Game-changing role for the youth and other digitally literate people can educate the illiterate and semi-literate men and women in the use of mobiles and digital platforms for money transactions," he tweeted.
Naidu also thanked the people of India for making the move a success.
"Literate or illiterate,rich or poor,rural or urban dwellers,lending their wholehearted support 2 PM's drive against black money & corruption. One should salute the common Indian for bearing this temporary inconvenience with fortitude and patience," his tweet read.
Top Headlines
-
News
'Urged Israel to at least stop bombing Gaza during Ramadan': PM Modi in interview
May 17, 2024
-
News
'Modi finished BJP veterans' careers, will replace Yogi Adityanath too if...': Arvind Kejriwal
May 11, 2024
-
News
Vladimir Putin takes oath for his fifth term as Russia's President, vows to defend country
May 09, 2024
-
News
Pakistan desperate to make 'shehzada' the PM of India: Modi's veiled jibe at Rahul Gandhi in Gujarat poll rally
May 02, 2024
-
News
Key accused in Salman Khan house firing incident dies after attempting suicide
May 01, 2024
-
News
Columbia University protesters are now demanding free food and water from authorities, demonstration erupts in UCLA
May 01, 2024
-
News
'Life, liberty exceedingly important': Supreme Court questions ED on Kejriwal's arrest before elections
April 30, 2024
-
News
Man with sword kills 13-year-old in London, injures four others
April 30, 2024
-
News
Supreme Court to deliver verdict on pleas seeking complete count of VVPAT slips
April 24, 2024
-
News
WMO report shows Asia hit hardest by climate change and extreme weather
April 24, 2024