Anti-counterfeiting day observed
The world observed ‘ anti- counterfeiting day’ on June 13, 2012. The issue of counterfeiting is big in India and as per the latest report by the Ministry of Home Affairs large quantities of fake Indian currency notes (FICN) are pumped into India from countries like Pakistan, Nepal, Bangladesh, Sri Lanka, Malaysia, Thailand, and the UAE.
While Australia detected seven pieces of counterfeit notes per million notes in circulation (2008-09), in Canada it was 76 (2008). In New Zealand, the number was as low as 0.71 counterfeits per million notes in circulation (2008-09), whereas in Switzerland it was ten. As for the euro, there was roughly about one counterfeit per 14,600 bank notes in circulation (2008).
As per the analysis of Zee Research Group, between 2009 till June 2011 nearly ` 60 crore worth of fake currency had been seized by the Government of India.
State profiling on counterfeiting currency suggests that during 2009 till June 2011 period, Maharashtra had recovered the highest amount of fake currency worth ` 8.49 crore followed by Delhi (`8.24 crore) ,Uttar Pradesh (`7.71 crore) and West Bengal (`6.37 crore).