The seemingly simple title ' Economic Terrorism ' is a major plot to destabilize the nation's economy. It's proclaimed that 15 % of the present liquidity is made of fake notes and is indeed dangerous to the luxuriant growth of the economy. Who actually is behind this fake note racket ? what is their motto to take such a huge risk ? What is the effect on the Indian economy if these notes are in circulation ? are the primary questions for which i am going to expound in the article.
Pakistan is alleged to be behind the plot and the ISI abets the perpetrators to take a new path of destabilizing the nation. It is statistically proved that Pakistan is importing currency printing paper which is more than 50 % of its requirement for printing its own currency. The notes of denominations 100 ,500 & 1000's are prepared in Pakistan and infiltrated to India via Pak- Uzbekistan- Nepal borders, also, Pak - Saudi- Singapore - Malaysia ( which is notorious for its underground activities )- Srilanka/ Bangladesh and then to India. Denizens in India having a good political clout get these notes or indeed buy them for 2:1 ratio ( one original note will be given in exchange for 2 fake notes) and use for the elections, real estate etc., purposes where huge physical transfer of money is involved. Thus they reach the common man and hereafter circulated amongst them.
Reserve Bank of India monitors the liquidity in the nation and takes necesary steps to keep inflation under control. The increase in liquidity because of currency infiltration besets the policies of the RBI in the due course. Also ,these huge amounts are proclaimed to be even operating in the BSE ( Bombay Stock Exchange) and this is the real matter of concern for the economy watchman. Any wanted inflow or outflow of huge money into or from the stocks trepidates them which are already vulnerable. This really is a matter of concern for the government. Also ,Consumer spending increases to the unwanted levels leading to an imbalance in the demand supply curve which results in ininflation .
To destabilize the economy of the nation and to cause furor is the prime motto behind the activity . I believe the following actions should rescue the economy from being diluted .
1) Severe security at the borders
2) Frankness among the citizens by handing over the fake note to the officials
3) Printing the new currency by considering the fake percentage of currency in the market
4) Considering seriously the black money vs fake currency factor by the RBI could alleviate the intangible economic terror ( Due to corruption crores of rupees is being blacked out by the bureoucrats and the politicians . A shrewd estimation of blacked out original currency and infiltrated fake currency is definitely needed to maintain the stability).
