Note ban hit fake notes, hawala trade: Govt

The scrap ping of ~500 and ~1,000 notes had instantly wiped out Pakistan-printed high quality fake Indian currency notes(FICN ), besides hitting haw ala transactions, the Rajya Sabha was informed on Wednesday. Minister of State for Home Affairs Hans raj Ah ir said according to reports, demo net is at ion had a positive impact in most the at res of violence in the country. Ahir said Left Wing Extremism(LWE) cadreshad deposited illegal money into the accounts ofsym pa this e rs or simple village rs. Nearly ~9.8 million were seized from various L WE groups after demonetisation, hesaid.