BSF DG says, Demonetisation helped bring down ‘Fake Indian Currency Notes’ smuggling along Indo-Bangla border

While the Demonetization Act has failed to impress the Opposition in all terms, the BSF Director General has set out a list of achievements that took place after Demonetization was implemented in India. The Act introduced by PM Modi has gained a huge amount of praises from the top officials excluding the Opposition alone.

Director General (DG) BSF KK Sharma said, “Smuggling of Fake Indian Currency Note (FICN) has come down considerably after Demonetisation. While the process of Demonetisation, announced by Prime Minister Narendra Modi in 2016, failed to impress the Opposition, the DG BSF said the fake note factory has been hit due to this Act by the PM”.

If you wonder what helps in detecting these fake notes, Sharma said, “since the quality of these notes is not good, they can be easily detected”.

And the amazing news is that compared to the previous years, this year only Rs 11 lakh has been seized said the DG. Sharma made the comment during BSF-Border Guards Bangladesh meeting on border management in New Delhi.

He also added that post-demonetisation, the fake currency influx through the Indo-Bangladesh border has dropped. He also hailed Bangladesh for its efforts to prevent smuggling of such fake currency notes. Sharma also spoke on the Rohingya infiltration, underlining that the Border Security Force achieved a major success in stopping the influx of Rohingya infiltrators.

The Act of Demonetization was introduced as a major implementation by the PM Modi Government in India, though it was in the interest of Goodwill of the Nation and with an intention to curb Black Money, it was majorly criticized by the Opposition. They had tried to provoke common people against it, thus trying to prove PM Modi wrong in every sense.

Earlier this week, Andhra Pradesh Chief Minister Chandrababu Naidu had described demonetisation as a disaster, calling for the abolition of Rs 2000 currency note.

Congress president Rahul Gandhi has, from time to time, alleged that demonetisation was a “scam” and it only helped “15-20 biggest crony capitalists”, whose loans have turned into NPAs.

Last month, Finance Minister Arun Jaitley had hit back at Rahul Gandhi, tweeting: “Little knowledge is dangerous. Rahul Gandhi’s fiction on demonetisation helping NPA holders, forgets that the Modi government legislated and enforced the IBC (the Insolvency and Bankruptcy Code) where the NPA defaulters lost their companies.”

Source: Timesnow news

Economic Times