By far the most important aspect of illegal economy in Jammu and Kashmir, particularly in valley which has received minimum attention, is the introduction of fake Indian currency. During last decade the role of fake currency in impacting the socio-economic scene in Kashmir Valley is more than anything else.

Injection of fake currency seems to have crossed the boundaries of clandestine operations. It is becoming the part of socio-economic culture.

The hawala transactions reveal not only the modus operandi of money transactions but also the elaborate network of over ground workers who are part of a elaborate subversive establishment.

This establishment is gradually transforming Kashmir valley into a den of illegal economy causing irreparable damage to the social set up.

The issue is not of empowering the police. It is of having a police which looks up to the laws of the land and the Constitution of the country in the discharge of its functions. The harsh truth is that the police today is more concerned with carrying out the diktat of the executive, right or wrong, legal or illegal rather than protecting the life and property of the common man.

There are a number of other administrative measures which would need to be taken to give greater muscle to the police. We are heavily under-policed.