Counterfeit wars ; India's fight against the fake currency racket isn't getting any easier. Counterfeiters hitherto had limited printing facilities which made it easier to detect fakes.

India's fight against the fake currency racket isn't getting anyeasier. Counterfeiters hitherto had limited printing facilitieswhich made it easier to detect fakes. But lately, they have beenattaining a level of printing sophistication that can almost easilypass off as genuine. In 2007, over Rs 10 crore were seized by theauthorities, up from Rs 8.4 crore the previous year. But the malaiseruns deeper as many fakes go undetected. Says Dr Soumendra K Dash,chief economist, Care Ratings:The fake currency in circulationaffects the economy.

One of the ways in which the government …