By Admin 
Fake notes in india: 2,17,000 fake notes were seized during FY 2024-25 in the country, while 2,23,000 such notes were seized a year earlier. The government gave information about this in Parliament on Monday. In response to a written question in the Lok Sabha, Union Minister of State for Finance Pankaj Chaudhary said that 1,17,722 notes of 500 rupees of the new series were seized. After this, 51,069 notes of 100 rupees and 32,660 notes of 200 rupees were recovered.
Pankaj Chaudhary said that on the advice of RBI, the Government of India reviews the effectiveness of security features of bank notes from time to time. Also, steps are taken to implement new security features under Section 25 of the Reserve Bank of India Act, 1934.
Government strict on fake notes
The government is strict on fake notes. In response to another question, Pankaj Chaudhary said that data of private corporate investment is compiled from banks and financial institutions to one place. According to RBI’s latest bulletin released in August 2024, the number of projects approved by banks and financial institutions increased from 401 in 2021-22 to 944 in 2023-24.
During this period, the cost of approved projects also increased from Rs 1.4 lakh crore to Rs 3.9 lakh crore. He said that the government is taking steps like capital expenditure, infrastructure development, financial reforms and access to business to restore the trust of investors and increase the participation of private sector. In addition, institutions such as National Investment and Infrastructure Fund (NIIF) and National Bank of Financing Infrastructure and Development offer infrastructure financials for a long time.
In a written reply to another question, Chaudhary said that the RBI has mentioned that based on the financial statements data received from the Ministry of Corporate Affairs, the net immovable properties of Private Limited companies recorded a steady increase of 7.6%, 10.3% and 10.2% respectively in 2021-22, 2022-23 and 2023-24 respectively.
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