Indian Currency Now 'Made in China', Claims Chinese Media Reports
New Delhi, August 13: Forced to produce marriage certificates and driving licences to keep the Chinese money production plants from rusting, the country is witnessing a sudden arrival of "big orders" for currency production projects from a number of countries, including India, reported South China Morning Post.
According to Liu Guisheng, president of the China Banknote Printing and Minting Corporation, China did not print foreign currency until recently.
But in 2013, Beijing launched the belt and road plan with an aim to link Southeast Asia, Central Asia, the Gulf region, Africa and Europe with a network of land and sea routes.
Since then the company had “seized the opportunities brought by the initiative” and “successfully won contracts for currency production projects in a number of countries including Thailand, Bangladesh, Sri Lanka, Malaysia, India, Brazil and Poland,” he said.
According to South China Morning Post, that could be just the tip of the iceberg.
Taking note of the development, Congress leader Shashi Tharoor expressed fears that it could make it easier for Pakistan to counterfeit notes and "could have disturbing national security implications".
Some governments have asked Beijing not to publicise the deal because they are worried such information could compromise national security or trigger “unnecessary debates at home”, said the Chinese paper.
"The world economic landscape is undergoing some profound changes. As China becomes bigger and more powerful, it will challenge the value system established by the West. Printing money for other countries is an important step,” said Liu Guisheng.
The international money printing market has been dominated by Western companies for more than a century, the move is seen as a reflection of Beijing's desire to increase its influence on the world economy and geopolitics.
Courtesy: www.news18.com
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Operation Sindoor reflects PM's firm political will, precise intelligence of agencies: Amit Shah
New Delhi (PTI): Union Home Minister Amit Shah on Friday said Operation Sindoor was a reflection of Prime Minister Narendra Modi's firm political will, precise intelligence gathering by various agencies and unmatched strike capability of the country's armed forces.
He said this after inaugurating an upgraded multi agency centre in Delhi for intelligence sharing among various agencies.
"Operation Sindoor is a unique symbol of Prime Minister Modi's firm political will, the precise intelligence of our agencies and the unmatched strike capability of our three armed forces," Shah said.
The multi agency centre, under the Intelligence Bureau, was created in the aftermath of the 26/11 Mumbai terror attacks with an aim to share timely inputs among various stakeholders involved in law enforcement.
Under Operation Sindoor, India carried out precision strikes on terror infrastructure in Pakistan and Pakistan-occupied Kashmir early on May 7 in response to the April 22 Pahalgam terror attack.
India and Pakistan agreed on May 10 to stop military actions. India has, however, made it clear it has merely paused its operation and its future actions will be guided by Pakistan's conduct.
Modi had said Operation Sindoor was India's new policy against terrorism and the country's unwavering pledge for justice.
"It is the new normal. We have only kept in abeyance our operations against Pakistan and the future will depend on their behaviour," Modi had said in a 22-minute address.
Modi had also sternly warned Pakistan that India will not succumb to nuclear blackmail and sent a clear message to the world: terror and trade, terror and talks cannot go together.
