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Fake currency notes act as oxygen to terrorism: Rajnath Singh

Fake currency notes act as oxygen to terrorism: Rajnath Singh

"People have now started believing that India will be among top three economies of world by 2030, said an optimistic HM Rajnath Singh in Chennai, adding "Our economy, standing at $ 2 trillion today, will likely be at $ 5 trillion by 2030", he said".

Home minister Rajnath Singh on Monday said that India is one of the fastest economies of the world but certain anti-India forces are not able to appreciate these visible economic trends.

Inaugurating the new headquarters of the National Investigation Agency (NIA) here, the Home Minister stated no civilised country can accept the growth of terrorism on its soil. He even flagged the issue of circulation of fake Indian currency, describing it as "oxygen for terrorism". "But I will say that the NIA will fully choke the foreign funding to terrorists in the country soon", Singh said. Mr Singh claimed that due to the sustained efforts of the security forces, at least five-six militants were being eliminated in the Valley every day.

The home minister said terrorism was a major hurdle in the country's development and the Centre had initiated several measures to tackle the menace, including raising it at various worldwide forums.

Despite opposition from the Samajwadi Party, Bahujan Samaj Party and the Congress, internal reservation was given in Uttar Pradesh when he was the Chief Minister of the State (2000-02), Singh said.

Of the total 166 cases, the NIA is investigating 41 cases of terror financing and fake currency. "The NIA has established its credibility and impartiality in last eight years through professional and scientific investigation", he said.

"He said militancy acts as a hindrance to development".

Kumar said the investigations conducted by the NIA have helped unearth an entire range of illegal activities involving terror funding to specific incidents of terror, including the killing of innocent persons.

"I will live up to your expectations".