Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam
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30-day online access to the magazine articles published during the subscription period.
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This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
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After his retirement, there has been no word on this subject from RBI or any other body such as the Finance Ministry who should be genuinely interested in stopping this fake currency coming from Pakistan. ISI wants to ruin in the Indian economy and smuggled notes are in circulation. Your above report also indicates that the fake currency notes of higher denomination of Rs 500 and Rs 1000 are growing in number in terms of circulation. From time to time, photographs of "captured" notes with police sleuths appear in the press. We do not hear anything after that.
It is time RBI makes a clear cut announcement on this subject. Every airport must have vigilant officials on the ex-ray machines to detect this smuggling and land borders need to be even more tough in having sniffer dogs and other forms of checking equipment to stop this happening.
Introduction of polymer currency notes, which even UK is planning an introduction early next year, should be an eye opener to our government.