The possibility of counterfeiting the new currency notes of Rs 500 and Rs 2,000 denominations is very low because they are completely indigenous, Economic Affairs Secretary Shaktikanta Das said today (15 December).
ANI quoted Das as saying that this was the first time that currency notes were designed in-house with superior security features, thus making them difficult to counterfeit.
Das said the government's initial focus was on printing Rs 2,000 notes "to replace the value that was taken out of the market", but now the focus is on printing more Rs 500 notes. Cash will be airlifted to areas suffering from shortage of currency notes, he said, adding that the emphasis now is on ensuring enough cash availability in rural areas.
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.