Steps to Identify a FAKE Bank Note (Indian)?

It might seem baffling, but fake notes are spread all across the globe. It is harming the global economic state which is hazardous for people in general. Counterfeit notes are hard to notice, but like any other counterfeit goods, if one looks closely enough they might spot the difference.

Since India is apparently the world’s largest producers of bank notes, RBI has devised some security measures which should help people identify a counterfeit banknote.
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Keep your eyes Open to identify Fake Notes

With that impending question haunting us daily, it is wise to be aware of the fact that fake notes are being circulated all across the globe which also counts for a certain percentage of the global economic destabilization.

Banks even have the right to impound that fake note right away. In an annual report unveiled by RBI, it has been stated that almost 762,072 notes were detected in the bank which puts the paranoia to a whole new level.

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Know the difference between an Original & a Fake Mobile Phone

Let us check out easy ways to spot Fake Mobile Phones

With strong competition in the electronics market, the trend of counterfeit electronic goods has become very popular these days. The most common item that is sold is fake mobile phone, which are made of cheaper and bad quality parts and made to look like original phones which are from high-end brands.

This trend is very concerning because fake mobile phones can be extremely dangerous. Besides causing financial losses to the original brands, they also pose a great health risk to users.

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The Hazards of Counterfeit Electronics Market

Counterfeit businesses now run rampant all over the world. In a shocking survey that shook the business world to its core, it was revealed that over 7% of the world’s total trade is in counterfeit business.

This is extremely concerning because not only does it affect the trade of the original brands, it also dupes the customers. In this article, you will find reasons why you should always double check before buying electronic goods.

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Check out – Most of the Counterfeit Products Industries

The most significant producer of counterfeit items is from China, then comes Philippines, Thailand, India Malaysia, Singapore, Indonesia, Turkey, Pakistan, Ethiopia, and Kenya.

Each year countries trade goods worth trillions of dollars from aspirin to zucchini.  According to global customs data collected and analyzed by the OECD and the E-use intellectual property office, of all the imports entering countries by air, ship, road or rail, 2.5% are counterfeit or pirated goods.

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7 Ways to Stop Duplication in Pharma

Counterfeit Drugs, Genuine Solutions!

Fake medications still remain the topmost concern in the global pharmaceutical industry. Currently, in the intricate global economy, augmentation of online transactions and complex pharmaceutical supply chains has made it even more difficult to detect such counterfeit drugs.

The pharmaceutical industry is battling simultaneously against counterfeit drugs thriving online, and also in hospitals and pharmacies. These counterfeit drugs not only affect the reputation of the drug manufacturers and cause sales loss, but they are very much dangerous to our health too.

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Beware of the Profitable Business of Fake Mobile Phones

Nowadays, with steep competition in almost every industry, another industry is slowly flourishing behind the scenes – the counterfeit industry. For every single industry out there, there is a parallel in the world of the counterfeit.

What is truly shocking is that according to a recent survey, 7% of the world’s trade is now in counterfeit goods!
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