I shall confine myself to a cursory review of the remaining powers comprehended under this third description, to wit: to regulate commerce among the several States and the Indian tribes; to coin money, regulate the value thereof, and of foreign coin; to provide for the punishment of counterfeiting the current coin and secureties of the United States; to fix the standard of weights and measures; to establish a uniform rule of naturalization, and uniform laws of bankruptcy, to prescribe the manner in which the public acts, records, and judicial proceedings of each State shall be proved, and the effect they shall have in other States; and to establish post offices and post roads.
The punishment of counterfeiting the public securities, as well as the current coin, is submitted of course to that authority which is to secure the value of both.
But the thing which clean broke my heart was something which happened in front of our old barrack in a square, while we were enduring the spectacle of a man being boiled to death in oil for
counterfeiting pennies.
High levels of
counterfeiting discourages foreign investors from doing businesses in the country, it further causes unfair competition and suppresses growth in genuine businesses, limiting economic growth.
"Many innovations are taking place in the field of combating the
counterfeiting of banknotes, new innovations, nano and micro technologies are being widely used to improve the design and protection systems of banknotes," the source noted.
There have been suggestions that
counterfeiting should be treated as a transnational crime.
He called on electrical contractors, electricians, retailers, distributors and dealers in all types of electrical products to comply with safety requirements and join stakeholders to deal with product
counterfeiting, which is a serious issue.
Among the findings: Non-IC
counterfeiting has increased significantly since the end of 2016, and capacitors and transistors now make up 9% and 8%, respectively, of the overall fake parts, up from 1.7% and 5.7% in 2015-16.
general public free of cost, asserting that SBP should also create awareness about the legal provisions regarding penalty and punishment for
counterfeiting to forewarn the counterfeiters as to the consequences of committing this crime.
He said that the SBP should also create awareness about the legal provisions regarding penalty and punishment for
counterfeiting to forewarn the counterfeiters as to the consequences of committing this crime.
He said that the general public should be encouraged to hand over counterfeit notes that come to their possession to the nearest bank branch/SBP Banking Services Corporation office and to report the incident of
counterfeiting to the Law Enforcement Agencies.