India and China have agreed to create a 24x7 hotline to exchange information about fake currency notes. This decision was made during a meeting between Chinese leader Meng Jianzhu and Indian Home Minister Rajnath Singh on Wednesday.

The move comes just days after Prime Minister Narendra Modi announced a ban on the use of high denomination notes of Rs 500 and Rs 1000 across the country. The decision is widely considered as the Indian government's attempt to crackdown on corruption.

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Meng, who is a senior official in China's Communist Party, is reported to have been urged by Indian home minister to clamp down on Pakistan's nefarious design to smuggle fake Indian currency notes to the country via China. Singh referred to the recent arrest of a Pakistani citizen in Guangzhou city with fake Indian notes during the meeting.

India also took up the contentious issue of Masood Azhar during the meeting with the Chinese leader, calling on Beijing once again to help New Delhi in blacklisting the alleged Pakistani terrorist and his organization Jaish-e-Mohammed under the United Nations.

"Raising India's concerns on terrorism, the Home Minister appealed the Chinese leader to support the international community's efforts to designate as a dreaded terrorist the leader of the Jaish-e-Mohammed, a terrorist group already designated under the U.N. Resolution 1267," a statement from India's home ministry said.

The statement further claimed that Singh informed Meng that Pakistan was openly supporting and financing terrorist organizations, while well-known terrorists like Masood Azhar are roaming fearlessly across Pakistan.

It must be noted that the national security advisors of both countries met last week in Hyderabad to discuss security issues, and Masood Azhar and India's Nuclear Supplier Group membership bid were reportedly discussed.

China's irritant role on both issues has frayed its ties with India, with Beijing solely focussed on keeping the pressure on India with the help its close ally Pakistan.

China and Pakistan's decades of close diplomatic relationship is largely shaped by both their mutual distrust towards India. This is largely due to festering border issues, with the disputed region of Kashmir being the main flash point. Both counties fought a war against India to settle the border dispute.       

TagsIndia and China, India Fake Currency Notes, India Rs 500 and Rs 1000 Ban, china