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E-commerce policy to crack down on counterfeit makers, resellers
Counterfeit electronic goods, knock-offs of apparel, cosmetics and over-the-counter pharmaceutical products were common-place online
522,783 counterfeit notes detected in FY18 of which 63.9% detected by banks
In the new series of Rs 500 and Rs 2000 notes, fakes detected during 2017-18 were 9,892 and 17,929 as against 199 and 638, respectively during the previous year
Detection of fake currency highest in eight years, a 40-fold increase
Private banks contribute the majority of reports, while the compliance levels of the PSBs lag