Parrikar attacks RBI for not controlling fake notes
PTI, PANAJI | 01 July 2012 21:11 IST
Goa Chief Minister Manohar Parrikar has said the Centre has failed to take effective steps to curb circulation of fake currency notes in the Indian market with the initiatives being spoilt by neighbouring Pakistan.
"Whatever Reserve Bank of India pumps in (genuine currency) is flushed out by Pakistan.
There is a massive influx of duplicate notes in the market," Parrikar told an annual general body meeting of Goa Chamber of Commerce and Industry (GCCI) in Panaji last evening.
Parrikar said he was making this statement responsibly, "after knowing the actual facts".
"In most of the cases where banks find duplicate notes, they don't report it to the police because the cops arrest the holder of the note. They usually cross the note (with pen) and give it back to the customer without accepting it," he said.
The chief minister said that he had brought the issue to the notice of the Union Home Minister P Chidambaram, who said that it is a state subject and for them (states) to deal with it.
Drop a comment
Previous Comments
I withdrew Rs,1 Lac (1000x100 notes) from Canara Bank only to be deposited into Yes Bank. There they detected a fake note. It was an embarassing moment..
Went Back to Canara Bank (within 30 mins of withdrawal) and reported the matter there. They exchanged it without any fuss.
Some Nationalised Banks themselves involving in fake currency scam / circulation, cannot be rulled out.
If there are say 1 crore cash withrawal a day (e.g. Canara Bank branch) which means 100 fake notes of 1000 out in the circulation daily.
- JoeGoaUk, Goa | 02 nd July 2012 06:01
Latest News
- Tablighis congregated in Delhi before Satryo, Gulal, Mass & ZP campaign held in Goa
- Dakshinayan wants special court for Dabholkar-Pansare-Kalburgi killers
- Pak writers restrained from attending Goa Lit Fest
- Chinese media: India used Goa BRICS to outmanoeuvre Pakistan
- We want Sudin to be next CM: Velingkar
- BRICS rubbed salt into Pak's 'surgical' wounds
- Modi isolates Pak, takes a dig at China, at BRICS
- BRICS: Modi must plan India's moves to check Pakistan-China bonhomie
- India Today Poll of Goa: BJP near 21, Cong double digit, AAP max 3
- Pakistan will be very much the flavour of BRICS summit
Finance
- PM Modi withdraws Rs 500, Rs 1000 currency notes from midnight
- Petrol up by Rs 1.34, Diesel by Rs 2.37
- Goa would implement 7th Pay, provision made: CM
- Goa’s growth rate declining; agro and fishing in crisis
- Is it possible to implement 7th Pay Commission in Goa?
- Union cabinet approves 7th Pay report, 23.55% rise
- Parsekar reduces VAT on petrol to 15%, to keep it @ Rs 60
- Petrol up in India, Goa reduces VAT to bring it below Rs 60
- Petrol little cheap, Diesel becomes much cheaper
- Banks may cut interest rates in next few days
