PIB News Update: Union Minister of State for Home Affairs, Shri G. Kishan Reddy, in a written reply to a question regarding overhauling circulation of Fake Indian Currency Notes (FICN) through the Indo-Nepal border, in Rajya Sabha today, said that the Government has taken various steps in order to eradicate this menace, which include:
- Vigil is being maintained at the India Nepal border to check the smuggling and circulation of FICN. There has been excellent cooperation between security agencies of the two countries to check the influx of FICN into India.
- Training programmes have been conducted for the Nepalese Police officers on combating the circulation of fake currency notes to sensitize them on smuggling/ counterfeiting of Indian currency.
- Intelligence and security agencies of Central and State Governments keep a close watch on the elements involved in the circulation of fake currency in the country and take action in accordance with law.
- FICN Coordination Centre (FCORD) has been established by the Government to share intelligence/ information among different security agencies of the states/ central government to counter the problem of circulation of FICN in the country.
- A Terror Funding and Fake Currency Cell (TFFC) has also been created in NIA to investigate terror funding and FICN cases.