archivePTI wire

Thane, Jun 7 (PTI) Two persons have been arrested with counterfeit currency with a face value of Rs 1.08 lakh in Maharashtra’s Thane district, police said on Saturday. Based on a tip-off, the police apprehended the accused in the Vinay Nagar area of Mira Road on June 2 and seized 26 notes of Rs 500 denomination from them, an official said. He said the accused, Suparna Ramkrishna Manna (24) and Suryadev Gopinath Gayen (20), were natives of West Bengal. Show Full Article “A search at the duo’s residence revealed that...

Mumbai, May 29 (PTI) The expenditure incurred on security printing during 2024-25 increased by nearly 25 per cent to Rs 6,372.8 crore as against Rs 5,101.4 crore in the previous year mainly due to increase in indent for printing of banknotes, according to the RBI’s annual report released on Thursday. The value and volume of banknotes in circulation increased by 6 per cent and 5.6 per cent, respectively, during 2024-25. “During 2024-25, the share of Rs 500 banknotes at 86 per cent, declined marginally in value terms,” said the RBI’s...

New Delhi, May 14 (PTI) A special NIA court in Mumbai on Wednesday sentenced a key accused in a fake currency case at Mumbra in Maharashtra’s Thane district to five years of rigorous imprisonment along with a fine of Rs 10,000. Ishak Khan, the convict, was one of the three accused arrested in the case relating to the recovery of fake Indian currency notes (FICNs) of face value of Rs 82,000 in the denomination of Rs 500 in 2019, a statement issued by the National Investigation Agency (NIA) said. The...

Bhadrak (Odisha), May 11 (PTI) The Odisha police have detained one person in connection with the circulation of counterfeit currency and seized fake Indian currency notes with a face value of Rs 10,000 from his possession, a police officer said. The incident came to light on Saturday afternoon when two youths allegedly attempted to purchase goods using the fake notes at the Anand Bazaar, under Bhadrak rural police station limits, the officer said. According to an eyewitness, the two suspects, residents of Deopal village near Anand Bazaar, purchased groceries using...

Pithoragarh, Apr 5 (PTI) Four men were arrested near the India-Nepal border on Saturday and counterfeit currency with a face value of Rs 29,000 was recovered from them, police said on Saturday. Counterfeit currency notes of 500 denomination with a face value of Rs 29,000 were recovered from them, Pithoragarh SP Rekha Yadav said. Samir Rehman (28), Asif (21), Nitin (35), and Shoaib (28) were arrested by a police petrol party when their car was found parked suspiciously close to the India-Nepal border, she said. Show Full Article They have...

New Delhi, Mar 30 (PTI) Two women were arrested for allegedly circulating counterfeit currency in southwest Delhi’s Sarojini Nagar Market, the police said on Sunday. They also seized 33 Fake Indian Currency Notes (FICN) of Rs 100 denomination from the accused. Rani Jha (22) of Faridabad in Haryana and 29-year-old Akaansha Desai from Garacharama village in the Andaman and Nicobar Islands were arrested on the basis of tip-off. Show Full Article A police team patrolling the market on foot nabbed the accused on March 19.“The accused admitted to using the...

Erode (Tamil Nadu), Mar 22 (PTI) Half a kilo of gold biscuits and 100 foreign dollars were seized from a passenger travelling on an omnibus in Chitode near Erode on Saturday morning, police said. Acting on a tip-off, police intercepted the Hyderabad-Coimbatore bus on the National Highway at Lakshminagar near Bhavani. During the search, they found the gold and foreign currency in a bag belonging to Pugazvasan from Singanallore in Coimbatore. He was taken into police custody along with his belongings, including three mobile phones and a laptop, police added....

Mumbai, Mar 17 (PTI) Reserve Bank on Monday said India’s bilateral trade transactions with Maldives may also be settled in INR and/or MVR in addition to the ACU mechanism. Asian Clearing Union (ACU) is a payment arrangement whereby the participants settle payments for intra-regional transactions among the participating central banks on a net multilateral basis. The participants include central banks and the monetary authorities of Bangladesh, Belarus, Bhutan, India, Iran, Maldives, Myanmar, Nepal, Pakistan, and Sri Lanka. Show Full Article A Memorandum of Understanding (MoU) has been signed between RBI...

Port Louis, Mar 12 (PTI) India and Mauritius on Wednesday elevated their ties to ‘enhanced strategic partnership’ and inked eight pacts to boost ties in several sectors, including maritime security, and promote trade in local currencies, even as Prime Minister Narendra Modi unveiled an ambitious vision for growth and security of the Global South. On the second and final day of his two-day trip to Mauritius, Modi graced the national day celebrations of the island nation as the chief guest and announced a raft of development projects for the strategically-located...

Port Louis, Mar 12 (PTI) India and Mauritius on Wednesday elevated their ties to an ‘enhanced strategic partnership’ and inked eight pacts to boost cooperation in several sectors including trade and maritime security even as Prime Minister Narendra Modi unveiled an ambitious vision for the development of the Global South. The agreements inked will provide for promoting the use of national currencies for cross-border transactions, sharing of maritime data, joint work in combating money laundering and enhancing cooperation in the MSME (Micro, Small and Medium Enterprises) sector. On the second...