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Private airline crew member held with $3,90,000

A crew member of a private airline was arrested by Directorate of Revenue Intelligence (DRI) for allegedly carrying USD 3,90,000 in his check-in baggage at the Mumbai International airport here, an official said.

Bank of China appeals disclosure order in counterfeit case

Bank of China appeals disclosure order in counterfeit case

The Bank of China is appealing a decision by a New York court to fine it USD 50,000 a day for withholding information about counterfeiters' bank accounts in China.

Cost of counterfeiting to global economy may reach $1.77 trillion: WEF

Cost of counterfeiting to global economy may reach $1.77 trillion: WEF

The illicit economy is a giant, global and growing problem, a World Economic Forum report said and cautioned that the cost to the global economy of counterfeiting alone could reach USD 1.77 trillion in 2015.

Rs 1,000 note to have new numbering system to check counterfeiting

A new numbering system and seven new security features will be incorporated in all currency notes, especially in high denomination Rs 1,000 and Rs 500 notes, in order to check the menace of Fake Indian Currency Notes (FICN).

Counterfeit goods real challenge to 'Make in India': Report

Production of low-quality counterfeit goods has the potential to significantly undermine the 'Make in India' programme that seeks to establish the country as a global manufacturing hub, a report has said.

Does Pakistan inject Rs 70 crore counterfeit currency into India every year?

This recent revelation by the National Investigation Agency (NIA) with regards to counterfeit in India should come as a shocker as it has linked fake currencies in India amounting to Rs 70 crore with Pakistan.