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Tag: Fake Currency

Gang of Fake Currency Busted:Three Juveniles Also Arrested

(Hyderabad) Gang of Fake Currency Busted:Three Juveniles Also Arrested
Two separate gangs, including three juveniles, were arrested for allegedly printing and circulating fake Indian currency notes
The counterfeit notes with a face value of Rs 17.77 lakh were seized from them
n the other case, four members of a gang were held and fake notes with a face value of Rs 8.5 lakh (in denomination of Rs 2,000 and Rs 500) and printing materials were seized from them

IITians Develop Devise Solution to Detect Fake Currency Notes

[Kolkata]IITian Develop Devise Solution to Detect Fake Currency Notes :Smart India Hackathon 2019.
Students from IIT Kharagpur have devised unique solutions ranging from detectingcounterfeit currency to nuclear radiation tracking at the recently concluded nationwide competition, Smart India Hackathon 2019.
A group of six students from the Dept. of Computer Science and Engineering IIT Kharagpur have developed a code for a smartphone application to address the problem of detecting fake Indian currency.
The six students who developed the code are
T.Y.S.S. Santosh,
Satish Kumar Reddy,
Vipul Tomar,
Sai Krishna,
Drishti Tulsi and
D V Sai Surya.

RBI Not Willing To Disclose Receipt Of Post Demonetisation Fake Currency

[New Delhi]RBI Not Willing To Disclose Receipt Of Post Demonetisation Fake Currency
RBI,This Time,has not Obliged RTI Activist also.
Responding to an RTI inquiry from Mumbai-based activist Anil Galgali seeking to know the extent of fake currency found in demonetised notes of Rs 1,000 and Rs 500 deposited in banks till December 10, 2016, the RBI has said no information is available with it.
Earlier, RBI had refused to disclose information about consultation undertaken before the demonetisation move was announced by the Prime Minister on November 8.
Even Prime Minister’s Office had refused to disclose if Chief Economic Advisor and Finance Minister were consulted before the decision was announced