archivePTI wire

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...