NCRB data show fake notes of Rs 2,000 entered the market days after PM Narendra Modi’s demonetisation announcement. Today they are the biggest contributors to the value of seized counterfeit currency in India.
"In a country’s history, there come moments when every person feels he too should be part of that moment, that he too should make his contribution to the country’s progress. Such moments come but rarely," said Prime Minister Narendra Modi on November 8, 2016.
He said this soon after making the historic announcement to demonetise high-value banknotes of Rs 1,000 and Rs 500. In his televised address to the nation, PM Modi said this was being done to fight fake currency rackets, black money and corruption.
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