Govt.should stop of printing of bog notes like 500 & 1000 and issue a notice to the nation that within a given period all big notes should be deposit to the bank.
Re: To stop of Fake Notes
by Pankaj Ramani on Jun 29, 2009 09:23 AM
No country has so big denomination in circulation. ..Let Rs50 be the max denomination...but this will put our currupt terrorist cum smuglers cum politicians
Govt. should think of introducing Polymer banknotes. Polymer banknotes also incorporate many security features not available to paper banknotes, making counterfeiting much more difficult.
No doubt,the compulsion made on the part of the banks to use Note Sorting Machines could reduce, to some extent,the incidence of counterfeit notes & their early detection, nothing in world replaces the human ingenuity & the perversion it breeds in some cases.There cannot be a fool proof preventive measure as long as the brain of the criminals works more than like mercury-always one step ahead than the law & regulatory agencies.We should thank the RBI which,is,from time to time,trying to educate the general public on the allied matters-especially in regard to the cardinal points helping in detection of such currency. General public is always willing to extend its helping hand of by reporting such incidents, but the problem is with the investigating authorities who try to harass the reporting member of the public & at times,implicating the poor person bringing the incidents to their notice instead of making a thorough & sincere investigation of the matter.RBI cannot just impose a ban of particular series of notes just on reason of suspicion since it could create fear waves in the minds of general public besides creating legal problems;the currency notes barring one rupee are legal tender& are express promise made by the RBI Governor on behalf of the Govt of India.At best,it can only caution the public & notify the preventive measures to identify the notes.Eradication of the forged notes & bringing to book the culprits is primarily the task of the law enforcing agencies.
Re: RBI is doing its best to educate the general public
by Bhupinder Singh on Jun 29, 2009 08:35 AM
recently sbi bank safe chest havebeen flooded with fake note with connivence of local politician,mafia and staff, what happened to them , when they are being hanged,,whole tamasha start with powerful politician , without their patronage, sapparow dare not fly,, if any honest sho,,control his area honestly, on one dare to indulge in corruption, ;intimidation ,riots,punsihment ,morely monetary punishment is biggest detrimental to wrong doer,whole tamasha start power and endswith judge lawyer dramas,, there is not genuine solution to this problems,paksitan state press are printing billion note and smuggling thorough terrorist network,investing in property,share and specualative market like jain hawala network,,
corrency is great misery to common people who work hard get only 50 ruppes per day, whereas politician, smuggler,business,police nexus become rich, crorepati in single night, what great tamasha of corruncy manipulation, whole indian property,share,why are they skyrocketing because rich need some think to creat value for their currency,so rich,dishonest,mafia dnot mind puting their money in speculation, gambling and casino,lottery andproperty,,majority of villager, town people can not afford prevaling prizez,what type of develpment our socalle bjp, congresi call for , utter stupidty, socalled media,press are next monster of moneyminting supoorter ugli side of inflation,greed and manipulation by bribing system, solution we need to issue guidelines to whole companies,to pay to bankacount, and whole people should pay by cheque, atm card, circulation of corruncy should be baned and whole cash withdrawn above RS5000 should be taxed,whole companies be prohibited dealing in cash,, automatically fake corrency value will be over,, every small to big organisation should be installed eftposs machines for easy transaction,,
Re: fake currency notes
by rameshkuruganti on Jun 29, 2009 11:41 AM
I fully concur with you n this step can smash blackmail hoardings.But Govts have their own Achilles Heels and will never act in that manner
Why Cant govt introduce Barcode in all the corrrencies. Atleast govt could easily recognize whether they have released this notes or note. Govt should issue machines required to identity this notes to all the banks.
Majority of the notes are circulated in India have been printed in Pakistan. Crores and crores of fake curreicies have been floated in India which is printed in Pakistan as a report read earlier.
Either Govt. should have e-note system or atleast Barcode.
Re: Barcode Currencies
by Prem Mohan on Jun 28, 2009 05:56 PM
Your advice is of no use. We are waiting for guidance from Mdm Sonia Gandhi, Dr Manmohan Singh and Mr Rahul Gandhi (with Ms Priyanka Gandhi waiting in the wings).
Re: Re: Barcode Currencies
by Philo on Jun 28, 2009 09:56 PM
They wont do anything because it will hut the feelins of Cutlets in Po r kistan printing these notes
