Fake In India': Techie praised by Modi arrested for printing fake Rs 2K notes

[email protected] (CD Network)
December 3, 2016

New Delhi, Dec 3: A budding engineer, whose “innovation” was appreciated by the Prime Minister Narendra Modi at aMake In India' event last year, has now been arrested for printing fake notes of newly introduced currency of Rs 2,000.

abhinavThe 21-year-old B.Tech graduate Abhinav Verma, who also belongs to an Indian Army family, was arrested by Punjab police wit Rs 42 lakh fake currency in the denomination of Rs 2,000 notes in Mohali, Punjab on Thursday.

He was arrested over a tip-off provided to Punjab police, along with two of his accomplices – his cousin Vishakha Verma and Ludhiana-based property dealer Suman Nagpal. According to sources, the trio were duping people by exchanging fake currency (of Rs 2,000) with old Rs 500 and Rs 1,000 notes on a 30 per cent commission.

Parminder Singh, SP Mohali said that the fake currency was recovered on Wednesday from a brand new luxury Audi SUV which was used by Abhinav. The vehicle also had a red beacon, which is allowed only for VVIPs only.

In last few days Punjab police officials across India have been conducting raids to arrest two members of the gang who slipped away. The cops said that the currency given by the gang to their customers even after charging customers was fake.

The cops were stunned when they found that Abhinav Verma is the same person whose work was appreciated by Narendra Modi at Make India event last year.

According to reports, Abhinav is an engineering graduate who is into manufacturing sensors which are supposed to be installed in the sticks for visually handicapped. Abhinav's office is in Chandigarh and it was also used to print fake currency of Rs 2,000 denomination at his office only.

While Abhinav and his cousin Vishakha Verma, an MBA student printed the fake currency, the property dealer was responsible played the role of dispensing it to people who were looking to convert their unaccounted wealth to the new currency. The cops found notes with same serial number.

Last year, Abhinav got a mention from PM Modi in December at the Indian Science Congress in Bengaluru. At the age of 18, he created “Live Braille”, a device to help the vision-impaired to walk without a walking stick.

It gained popularity and was touted as an innovation under the “Make In India' programme. Live Braille has reportedly won awards at major engineering institutes across the country and at Illinois State University. It also won the TiEGER Award by TiE Silicon Valley USA.

Comments

A. Mangalore
 - 
Saturday, 3 Dec 2016

One of Bangladeshi terrorist has liked Zakir Naik's face book talk.
His organization is banned.
Now Modi praised Abhinav and Abhinav is inspired with Mr. Modi
Now what action you take against Modi ????
Thousand dollar question.

abdullah
 - 
Saturday, 3 Dec 2016

Now Modi should be arrested and his all outfits should be banned.
Because this youth is inspired by Modi...

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News Network
July 22,2020

Bengaluru, July 22: Complete lockdown on Sundays and daily night curfew would continue across Karnataka to contain the coronavirus spread, a top officia.

"Though lockdown will be lifted from 5 am on Wednesday across the state, night curfew will continue daily from 9 pm to 5 am to restrict movement of people and vehicles. Total lockdown on Sundays will also continue on July 26 and August 2," said state Chief Secretary T.M. Vijaya Bhaskar in an order here.

The order to unlock Bengaluru and four other districts - Dakshina Kannada, Dharwad, Kalaburagi and Kodagu, which have been under 7-9 day lockdown since March 14 night came after Chief Minister B.S. Yediyurappa declared that lockdowns would not be re-imposed across the state hereafter.

Besides restrictions in containment areas to control the virus spread, the order banned reopening of gyms and prevented use of benches in parks by walkers or joggers.

"All vegetable and fruit markets in cities and towns across the state will be shifted to the suburbs or outskirts to decongest them and prevent crowding," said the order in Kannada.

Wearing mask, sanitising hands and maintaining social distancing will be strictly enforced and violators will be fined.

Suburban train and metro services will continue to remain shut till further orders.

Select long-distance express trains will continue to operate as per the standard operating procedure given by the Union Ministry of Home Affairs on May 30.

"State-run and private buses in cities and on intra-state and inter-state routes will operate with limited number of passengers to ensure physical distancing. All buses will be sanitized and fumigated after every trip," said the order.

Schools, colleges, cinema theatres, multiplexes will remain shut to prevent crowding and violation of social distancing.

Ban on religious functions and mass gatherings will also continue.

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News Network
February 1,2020

New Delhi, Feb 1: The budget is a little more demanding of the non-resident Indian. Firstly, to be categorized a non-resident, an Indian now has to stay abroad for 240 days, against 182 previously. In other words, an Indian national, to claim the non-resident status, can’t stay in India for 120 days or more in a year.

“We've made changes in Income Tax Act where if an Indian citizen stays out of the country for more than 182 days, he becomes non-resident,” said Revenue Secy Ajay Bhushan Pandey. “Now in order to become non-resident, he has to stay out of the country for 240 days.”

The second rule is more deadly: a non-resident Indian, who is not taxed in the foreign country, will become taxable in India.

“If any Indian citizen is not a resident of any country in the world, he'll be deemed to be a resident of India and his worldwide income will be taxed,” said Pandey.

"It's a very big disadvantage for Indians residing overseas only to save on tax,"  said Dinesh Kanabar of Dhruva Advisors. He expects that many Indians stay abroad in countries, where the income tax is low or nil such as Dubai. Now they will be taxed in India if they are in the income tax bracket.

For Indians, finance minister Nirmala Sitharaman revised income tax rats and proposed new tax slabs.

The new income tax rates will, however, not allow exemptions under Section 80C. Home loan exemption, insurance exemptions, the standard deduction will also not stay under the regime.

"The new tax regime will be optional and the taxpayers will be given the choice to either remain in the old regime with exemptions and deductions or opt for the new reduced tax rate without those exemptions," Sitharaman said while unveiling Budget.

Comments

Kannadiga
 - 
Saturday, 1 Feb 2020

Good news NRIs vote for modi . 

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News Network
June 20,2020

Bengaluru, Jun 20: Amid calls for boycott of Chinese products in the backdrop of Indo-China border face-off, former Karnataka chief minister HD Kumaraswamy sought to know from the BJP government in Karnataka the status of the "Compete with China" policy brought during the previous JDS-Congress rule.

Boycotting Chinese products was not easy like sloganeering but required a creative policy and the coalition government's initiative was a model for it, he said in a series of tweets.

"After the border skirmish, some people got the realisation to boycott the Chinese products but during my tenure (as chief minister) a serious thought was given to it," the JDS leader said.

He was apparently referring to growing clamour for boycott of China-made products after a violent clash between Indian and Chinese troops in the Galwan Valley in Ladakh left 20 Indian Army personnel dead early this week.

Mr Kumaraswamy said he had brought the Compete With China policy to effectively deal with the neighbouring country.

"My government's objective was to offer jobs to the local residents, snatch away market opportunities for China and discard the Chinese products."

"However, what has the present government done to our scheme? It is not known whether it is still continuing or not," Mr Kumaraswamy said.

The Kumarswamy government had identified clusters and earmarked Rs 2,000 crore for their development.

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