Centre not doing enough on fake currency: Parrikar

Last Updated: Sunday, July 1, 2012 - 13:30

Panaji: Goa Chief Minister Manohar Parrikar has said the Centre has failed to take effective steps to curb circulation of fake currency notes in the Indian market with the initiatives being spoilt by neighbouring Pakistan.

"Whatever Reserve Bank of India pumps in (genuine currency) is flushed out by Pakistan. There is a massive influx of duplicate notes in the market," Parrikar told an annual general body meeting of Goa Chamber of Commerce and Industry (GCCI) in Panaji Saturday evening.

Parrikar said he was making this statement responsibly, "after knowing the actual facts".

"In most of the cases where banks find duplicate notes, they don`t report it to the police because the cops arrest the holder of the note. They usually cross the note (with pen) and give it back to the customer without accepting it," he said.

The chief minister said that he had brought the issue to the notice of the Union Home Minister P Chidambaram, who said that it is a state subject and for them (states) to deal with it.

PTI



First Published: Sunday, July 1, 2012 - 13:30

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