The joint Indo-Pak statement, which was released after Prime Minister Manmohan Singh’s meeting with his Pakistani counterpart on the sidelines of the NAM Summit in Egypt seemed to be an exercise in futility.

Barring one or two points, it was a confusing statement. India’s position till now has been that it would not renew dialogue with Pakistan unless appropriate action is taken against the people responsible for the 26/11 Mumbai terror attacks.

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.

An intelligence report by India’s Intelligence Bureau in December 2006 states that ISI, in cooperation with Pakistan Navy, is imparting navigational training to Lashkar-e-Taiba (LeT) terrorists.

The report further states that the training is for 12 to 18 months and is divided into three phases. The first phase deals with learning swimming. The second phase of the training involved tasks like handling large boats, laying of mines in coastal zones, and planting of explosives under dams, bridges, and ships among others.