Fake Rs 50, Rs 100 notes' detection record high in 2017-18: RBI
Mumbai, Aug 29 : The detection of counterfeit notes in the Rs 50 and Rs 100 denomination witnessed a record high in 2017-18 compared with two preceding fiscals, the RBI announced on Wednesday.
According to the Reserve Bank of India's (RBI) annual report for 2017-18, the number of fake Rs 50 notes detected shot up 154.3 per cent to 23,447 pieces, as against 9,222 notes detected in 2016-17 and 6,453 in 2015-16.
The RBI said that the detection of counterfeit Rs 100 notes increased 35 per cent to 239,182 pieces during the said period, compared with 177,195 notes in 2016-17 and 221,447 in 2015-16.
However, the detection of counterfeit notes was 31.4 per cent lower in 2017-18 compared with the previous year.
"Counterfeit notes in denominations of Rs 500 and Rs 1,000 detected in SBNs (specified banknotes) decreased by 59.7 and 59.6 per cent respectively, as the same comprised only the residual part of SBN deposits processed during 2017-18," the report said.
This "residual" currency refers to the high-value notes scrapped by demonetisation in November 2016.
"During 2017-18, as many as 522,783 pieces of counterfeit notes were detected in the banking system, of which 63.9 per cent were detected by banks other than the Reserve Bank," the RBI said.
Moreover, out of the total fake notes detected at the RBI, their share during 2017-18 was higher at 36.1 per cent, compared with 4.3 per cent during the previous year.
This was because of processing of a large volume of SBNs withdrawn from circulation by demonetisation, the report said.
Speaking of the Indian economy, the annual report said that there are upside risks to inflation which requires vigilance.
Pointing out that while headline inflation is likely to face upside risks over the remaining period of the current fiscal, the RBI projected the country's real Gross Domestic Product for the same period to grow to 7.4 per cent from 6.7 per cent in the previous year.
India's central bank also said that credit growth is likely to be supported by the progress in resolving the most pressing problem of non-performing assets, or bad loans, under the Insolvency and Bankruptcy Code, 2016.
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Pregnant cow beheaded, calf mutilated in Karnataka
Uttara Kannada (PTI): Miscreants beheaded a pregnant cow, cut off its legs and mutilated its calf here, sources said on Monday.
They took away the cow’s body and left behind its head and legs, and the calf.
According to the police, the incident occurred at Kondakuli, Salkodu village in Honnavara Taluk of Uttara Kannada district.
They said the cow belonged to Krishna Achari, who had left the animal for grazing on Sunday.
On Monday, when Achari went searching for the cow, he found its head, legs and the mutilated body of the calf, they said.
Police registered a case against unknown miscreants under the Prevention of Cruelty to Animals Act and started an investigation.
This comes close on the heels of severing the udders of three cows in Chamarajpet in Bengaluru and injuring the tail of a cow in the temple town of Nanjangud in Mysuru.
Karnataka Home Minister G Parameshwara ordered an inquiry into the incidents of attack on cows with the BJP and Hindu organisations raising their concerns over it.
“We have to find a solution to this. This morning I gave instructions that we have to take this seriously and we have to identify people who have such a mindset," Parameshwara said.
He further said that he has ordered the police department to find out whether such people belong to any organisation, do it individually or is there any provocation behind it.
The BJP blamed the Congress government for being lenient towards the fanatic elements.
Party state president B Y VIjayendra said the Honnavara incident has made everyone hang their head in shame. “Yet, the Home Minister is pretending that the law and order situation is good here. The Siddaramaiah government is showing a soft corner for these anti-nationals, who have no fear. The state government and the Home Minister should have woken up by now," he stated.
Alleging that the law and order is deteriorating, he said a “communal atmosphere" is being created in the state.
ಗೋ ರಕ್ಷಣೆ, ಈ ನೆಲದ ಮಾನವ ಧರ್ಮದ ರಕ್ಷಣೆ, ಈ ನೆಲದ ಸಂಸ್ಕೃತಿಯ ರಕ್ಷಣೆ, ಕೋಟ್ಯಂತರ ಜನರ ಭಾವನೆಯ ರಕ್ಷಣೆ ಎಂದು ಪೂಜಿಸುವ ನಮ್ಮ ಕನ್ನಡ ನಾಡಿನಲ್ಲಿ ಇತ್ತೀಚೆಗೆ ಬೆಂಗಳೂರಿನ ಚಾಮರಾಜಪೇಟೆಯಲ್ಲಿ ರಾಕ್ಷಸಿ ಮನಸ್ಥಿತಿಯ ಪಾಪಿಗಳು ನಿರ್ದಯವಾಗಿ ಹಸುಗಳ ಕೆಚ್ಚಲನ್ನು ಭೀಕರವಾಗಿ ಕತ್ತರಿಸಿದ್ದ ಅಮಾನುಷ ಕೃತ್ಯ, ಬಳಿಕ ನಂಜನಗೂಡಿನಲ್ಲಿ ಆಕಳ ಬಾಲ… pic.twitter.com/rZvdRqovqP
— Vijayendra Yediyurappa (@BYVijayendra) January 20, 2025
