January 8, 2017 2:27 AM

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Demonetisation dealt a death blow to Pakistan counterfeit business: Smriti Irani

Union Textile Minister Smriti Irani today said post demonetisation, printing presses in Pakistan, involved in circulation of counterfeit Indian currency, are shut and there is a sharp decline in the incidents of violence in Kashmir. The Minister said this while she was in Pune to attend the 'Digi Dhan Mela' organised in city to promote cashless transactions. '<br/>'<br/>The Minister said there are reports that after the scrapping of high value notes, there is sharp decline of 60 per cent in the<br/>incidents of violence in Kashmir and there is 50 per cent drop in hawala transactions.<br/> '<br/>While addressing the gathering at the event, the Union Minister said that Nobel laureate Kailash Satyarthi recently told her that post demonetisation there is a decline in cases of women and child trafficking.'Subhash Bhamre, Minister of State for Defence, was also present at the event. <br/><br/>The Digi Dhan Mela saw over 60 stalls manned by banks, e-wallet, telecom, Aadhar enabled payment system (AEPS)<br/>vendors, merchants associations, Aaple Sarkar Seva Kendra operators, Fair Price Shop Owners, small vendors, self help groups from MSRLM, NPCI, UIDAI.<br/><br/>Ten Village Panchayats and 10 Municipal Councils from the district were declared as digital-payment enabled bodies at the function.

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