Fake Note Alarming

I would like to ask government how the fake notes enter into India from foreign destination where fake notes are printed by unscrupulous elements. Fake notes are mostly printed at foreign centers and then exported to India by illegal ways. Or fake notes are printed in India getting support of local people, police and also those who hail from Indian Note Printing System. If our own people are black sheep and cheating the system, it is very difficult to stop circulation of fake notes or any evil work. It is astonishing that fake notes are so much similar to genuine notes that even bankers, RBI or any machine is not able to distinguish them correctly. And it is more perturbing to note that RBI instead of taking any corrective step or purifying the internal system simply blames bankers for their inability to stop its circulation or book the culprit. RBI never realizes the bitter truth that due to overburden bankers are not in a position to even control their assets (NPA increasing sharply and still remains unbridled), how can they imagine to check each and every note manually.

Anyway if our borders are fully secured and manned by perfectly honest and devoted person I have no doubt that not only circulation of fake notes will be controlled and reduced to minimum but also the incident of terror attack will be minimized. If our customs are manned by honest, active and effective person, I have no doubt that we will be able to nip in the bud at entry point it self. All types of foreign drinks, harmful drugs, fake notes, arms and ammunitions are imported by India based anti social elements in disguise of some other goods. It is open secret that Custom department officials can clear import or export of any goods if they get their gifts in return either in cash or in kind. It is known to everyone that bad elements from enemy country or any type of evil materials from neighboring countries can get entry into India through Indian border easily if one is ready to please those person by gifts (in cash or in kind) who are supposed to guard borders to stop all type of infiltration and keep India safe.

Need of the hour is therefore not to fire paper bullets threatening or to frame one after other regulatory measures without taking care of their true execution in field level but to regulate the activities at border and at every entry point. And if there is a will there is a way. If politicians are honest in their target to stop spread of fake note they have no option other than making watertight security at borders and punish those persons harshly and severely who colludes with foreign-based unscrupulous elements in their evil desires.

Danendra Jain
12th August 2009