https://www.taxtmi.com/news?id=16482 A government-supported study estimated the face value of Fake Indian Currency Notes (FICN) in circulation at about Rs. 400 crores and NCRB data provided annual counts of seized and recovered notes by denomination. The Government, in consultation with the Reserve Bank of India, decides banknote design and security features and has created a Director General post in the Directorate of Currency. To combat counterfeiting, central ministries, RBI and security agencies coordinate via an FICN Coordination Group for intelligence sharing; the RBI has implemented public-awareness, training, reporting measures and a revised numbering pattern across denominations. en-us Sat, 06 Aug 2016 09:58:26 +0530 Sat, 06 Aug 2016 09:58:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16482 A government-supported study estimated the face value of Fake Indian Currency Notes (FICN) in circulation at about Rs. 400 crores and NCRB data provided annual counts of seized and recovered notes by denomination. The Government, in consultation with the Reserve Bank of India, decides banknote design and security features and has created a Director General post in the Directorate of Currency. To combat counterfeiting, central ministries, RBI and security agencies coordinate via an FICN Coordination Group for intelligence sharing; the RBI has implemented public-awareness, training, reporting measures and a revised numbering pattern across denominations. News - Sat, 06 Aug 2016 09:58:26 +0530 https://www.taxtmi.com/news?id=16482