Fake currency printing press in Pak have to shut now: Rijiju

Image
Press Trust of India New Delhi
Last Updated : Nov 09 2016 | 6:57 PM IST
Union Minister Kiren Rijiju today said the demonetisation of Rs 1000 and Rs 500 notes will lead to closure of "printing press" in Pakistan, where fake Indian currency notes are printed.
Congratulating the Prime Minister for the "bold decision", Rijiju said the action will check corruption and black money besides curbing terror funding and circulation of fake Indian currency notes.
"The printing press in Karachi and Peshawar will now have to shut down due to demonetisation of Rs 1,000 and Rs 500 notes," he told reporters here.
The Minister of State for Home said fake currency note has become one of the major headaches for security agencies till now.
In a surprising move, Prime Minister Narendra Modi last night announced demonetisation of Rs 1000 and Rs 500 notes, making these notes invalid in a major assault on black money, fake currency and corruption.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 09 2016 | 6:57 PM IST

Next Story