Initiatives taken by Government to curb Fake Currency

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News:The Minister of State for Finance has informed Lok Sabha about the initiatives taken by Government to curb Fake Indian Currency Network(FICN)

Facts:

About FICN Coordination Group(FCORD):

  • FICN Coordination Group(FCORD) has been formed by the Ministry of Home Affairs(MHA).
  • It aims to share intelligence/information among the different security agencies of the state/centre to counter the problem of circulation of fake currency notes in the country.

About Terror Funding and Fake Currency Cell(TFFC):

  • It is constituted under National Investigation Agency (NIA).Its aim is to investigate terror funding and fake currency cases.