Fake Currency Notes !

Pakistani establishments are using all sources to destabilise India through terrorism, anti Indian groups & organisations, India’s most dreaded fugitives and from some months now they have added one more link in their actions that is Counterfeit Indian Currency notes of one thousand rupees denominations, five hundred denominations and one hundred denominations. As per news they have access of ink and paper which is used in to produce original Indian currency notes thus they are able to make similar to just like original which through eyes it’s hard to differentiate but water mark and other security features make duplicate and original two different currencies along with it is worth mentioning that this process is very cumbersome and tedious as it need to scrutinise one by one note and if somebody have transaction of lakhs then he has to spend hours so that he feel satisfied that he is carrying original notes. Pakistan is supplying fake currency notes through agents, criminals, greedy persons once these persons able to push these fake currency notes into Indian markets then it’s victim are innocent people of this country and at the same it’s not that Indian authority are unable to catch them or they are taking not any action against these criminal minds but everyday news relating to catch of fake currency notes published and the amount of fake Currency Notes channelise in the Indian markets by Pakistani establishments are countless and still they are trying to add heavily on daily basis which makes people scary to have these denominations notes in their pockets because with widespread circulation of fake currency notes, bankers and police officials have cautioned the people to be watchful while accepting and giving away currency notes of any denomination.
“If you are found to posses’ fake currency notes, and you cannot explain from where you got them, you can even go to jail and face all the trouble for no fault of yours,” cautioned the assistant manager of State Bank of India, Mr Pradeepkumar Nair said that most people do not want to deal with this problem by taking recourse to law.
He further said that it is not possible to check each and every currency note you get in a bundle or from a ATM. In fact, most people do not even know how to check, detect or differentiate a fake note from a genuine one.
The Reserve Bank of India had estimated the amount of fake currency notes in circulation to be almost Rs 1.7 trillion in the 2006. “See, we have our own system to verify the genuine and fake notes, besides we have our own cash management services and in this regard we have taken certain measures to create an awareness amongst our customers and to begin with we have adopted display system before the cash counters,” Mr Nair mentioned. Officials say there’s a high volume of fake notes of Rs 100, Rs 500 and Rs 1,000 in the market, and that they have had limited success so far in controlling their spread. The Naik Committee, set up to assess the menace of fake currency, says counterfeit money in the range of Rs 1,69,000 crores is sloshing around the system. And just a tiny fraction of it has been seized: Rs 63 crores and as per estimates the cost of manufacturing a fake Rs 1,000 note is about Rs 400 Making, keeping, distributing or using fake notes comes under organized crime Punishment: Can go up to Life Sentence.
Then Question rises if India can get rid from fake notes? If answer is yes, then how? because huge inflow and catch of fake currency notes’ presence in the market making Indian scared ,as per my opinion below mentioned can be effective tools to fight against fake currency notes -
. Indian scientist’s develop a device which scan and scrutinise set of hundred in seconds which should be based on some special security feature’s whose duplicacy is not possible and Reserve Bank of India make it mandatory that these devices must be install on every branch of Bank regardless they are privates or P.S.U’s and anybody should have access of these machine free of cost so that cash carried by a genuine person he/she should be free from any type of tension and suspicion in his mind.
.Secondly if any body catch and carried fake currency notes then penalty of life imprisonment and to avoid any misuse of this law catch person should allow to put his case but the case should run and settle fast track courts and in not more then 30 days.
.Thirdly government make it law any transaction of over one lakh mature through cheques or draft and in cash it is illegal then in the market at its own consumption of One thousand notes, Five hundred Notes will come down drastically which is right now become source of headache to authority and tension to countrymen.