Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | Cost of Modi&#039;s demonetisation: IAF raised bills of Rs 29.41 crore to ferry currency notes, reveals RTI    </title>
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-PTI

New Delhi: Over Rs 29.41 crore was spent on using the Indian Air Force&rsquo;s ultra-modern transport aircraft &mdash; the C-17 and the C-130J Super Hercules &mdash; to ferry the newly-issued Rs 2,000 and Rs 500 currency notes post-demonetisation, according to..."/>
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-PTI

New Delhi: Over Rs 29.41 crore was spent on using the Indian Air Force&rsquo;s ultra-modern transport aircraft &mdash; the C-17 and the C-130J Super Hercules &mdash; to ferry the newly-issued Rs 2,000 and Rs 500 currency notes post-demonetisation, according to..." />
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    <h1 class="cat-box-title">Cost of Modi&#039;s demonetisation: IAF raised bills of Rs 29.41 crore to ferry currency notes, reveals RTI</h1>
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                            <div align="justify">-PTI<br /><br /><em>New Delhi: </em>Over Rs 29.41 crore was spent on using the Indian Air Force&rsquo;s ultra-modern transport aircraft &mdash; the C-17 and the C-130J Super Hercules &mdash; to ferry the newly-issued Rs 2,000 and Rs 500 currency notes post-demonetisation, according to an RTI reply.<br /><br />The move to scrap the old Rs 500 and Rs 1,000 notes was announced by Prime Minister Narendra Modi on November 8, 2016, and saw 86 per cent of currency being sucked out of the system, needing an urgent operation to replenish it with the new Rs 2,000 and Rs 500 notes issued after demonetisation.<br /><br />According to the response provided by the IAF, its frontline transport aircraft, the C-17 and the C-130J Super Hercules, undertook 91 sorties to transport bundles of currency from security printing presses and mints to various destinations across the country after the Rs 1,000 and the Rs 500 notes were demonetised by the government in a sudden move on November 8, 2016.<br /><br />As on November 8, 2016, there were 1,716.5 crore pieces of Rs 500 and 685.8 crore pieces of Rs 1,000 notes in circulation, totalling Rs 15.44 lakh crore, about 86 per cent of the total currency in circulation, according to RBI and government data.<br /><br />In its RTI response to Commodore Lokesh Batra (retd), the IAF said it has billed the government-owned Security Printing and Minting Corporation of India and the Bharatiya Reserve Bank Note Mudran Private Ltd to the tune of Rs 29.41 crore for its services.<br /><br />&ldquo;I am of the opinion that the government should have avoided using defence assets and instead could have easily requisitioned the services of civil transport aircraft,&rdquo; Batra told PTI.<br /><br />This situation could have been avoided, had the government fully prepared itself before making the announcement to demonetise currency notes of Rs 1,000 and Rs 500 on November 8, 2016, he said.<br /><br />Post-demonetisation, the RBI had spent Rs 7,965 crore in 2016-17 on printing the new Rs 500 and Rs 2,000 notes, and those of other denomination, more than double the Rs 3,421 crore it had spent in the previous year.<br /><br />The demonetisation was hailed as a step that would curb black money, corruption and check counterfeit currency, but the RBI, in its annual report for 2017, had said just 7.1 pieces of Rs 500 note per million in circulation and 19.1 pieces of Rs 1,000 notes per million in circulation were found to be fake in its sample survey.<br /><br />Please <a href="https://www.financialexpress.com/economy/cost-of-modis-demonetisation-iaf-raised-bills-of-rs-29-41-crore-to-ferry-currency-notes-reveals-rti/1236127/" title="https://www.financialexpress.com/economy/cost-of-modis-demonetisation-iaf-raised-bills-of-rs-29-41-crore-to-ferry-currency-notes-reveals-rti/1236127/">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://www.financialexpress.com/economy/cost-of-modis-demonetisation-iaf-raised-bills-of-rs-29-41-crore-to-ferry-currency-notes-reveals-rti/1236127/" class="re" target="_blank">The Indian Express, 8 July, 2018, https://www.financialexpress.com/economy/cost-of-modis-demonetisation-iaf-raised-bills-of-rs-29-41-crore-to-ferry-currency-notes-reveals-rti/1236127/</a><div class="clear"></div>
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    <h1 class="cat-box-title">Cost of Modi&#039;s demonetisation: IAF raised bills of Rs 29.41 crore to ferry currency notes, reveals RTI</h1>
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                            <div align="justify">-PTI<br /><br /><em>New Delhi: </em>Over Rs 29.41 crore was spent on using the Indian Air Force&rsquo;s ultra-modern transport aircraft &mdash; the C-17 and the C-130J Super Hercules &mdash; to ferry the newly-issued Rs 2,000 and Rs 500 currency notes post-demonetisation, according to an RTI reply.<br /><br />The move to scrap the old Rs 500 and Rs 1,000 notes was announced by Prime Minister Narendra Modi on November 8, 2016, and saw 86 per cent of currency being sucked out of the system, needing an urgent operation to replenish it with the new Rs 2,000 and Rs 500 notes issued after demonetisation.<br /><br />According to the response provided by the IAF, its frontline transport aircraft, the C-17 and the C-130J Super Hercules, undertook 91 sorties to transport bundles of currency from security printing presses and mints to various destinations across the country after the Rs 1,000 and the Rs 500 notes were demonetised by the government in a sudden move on November 8, 2016.<br /><br />As on November 8, 2016, there were 1,716.5 crore pieces of Rs 500 and 685.8 crore pieces of Rs 1,000 notes in circulation, totalling Rs 15.44 lakh crore, about 86 per cent of the total currency in circulation, according to RBI and government data.<br /><br />In its RTI response to Commodore Lokesh Batra (retd), the IAF said it has billed the government-owned Security Printing and Minting Corporation of India and the Bharatiya Reserve Bank Note Mudran Private Ltd to the tune of Rs 29.41 crore for its services.<br /><br />&ldquo;I am of the opinion that the government should have avoided using defence assets and instead could have easily requisitioned the services of civil transport aircraft,&rdquo; Batra told PTI.<br /><br />This situation could have been avoided, had the government fully prepared itself before making the announcement to demonetise currency notes of Rs 1,000 and Rs 500 on November 8, 2016, he said.<br /><br />Post-demonetisation, the RBI had spent Rs 7,965 crore in 2016-17 on printing the new Rs 500 and Rs 2,000 notes, and those of other denomination, more than double the Rs 3,421 crore it had spent in the previous year.<br /><br />The demonetisation was hailed as a step that would curb black money, corruption and check counterfeit currency, but the RBI, in its annual report for 2017, had said just 7.1 pieces of Rs 500 note per million in circulation and 19.1 pieces of Rs 1,000 notes per million in circulation were found to be fake in its sample survey.<br /><br />Please <a href="https://www.financialexpress.com/economy/cost-of-modis-demonetisation-iaf-raised-bills-of-rs-29-41-crore-to-ferry-currency-notes-reveals-rti/1236127/" title="https://www.financialexpress.com/economy/cost-of-modis-demonetisation-iaf-raised-bills-of-rs-29-41-crore-to-ferry-currency-notes-reveals-rti/1236127/">click here</a> to read more. <br /></div>                                                           
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                            <div align="justify">-PTI<br /><br /><em>New Delhi: </em>Over Rs 29.41 crore was spent on using the Indian Air Force&rsquo;s ultra-modern transport aircraft &mdash; the C-17 and the C-130J Super Hercules &mdash; to ferry the newly-issued Rs 2,000 and Rs 500 currency notes post-demonetisation, according to an RTI reply.<br /><br />The move to scrap the old Rs 500 and Rs 1,000 notes was announced by Prime Minister Narendra Modi on November 8, 2016, and saw 86 per cent of currency being sucked out of the system, needing an urgent operation to replenish it with the new Rs 2,000 and Rs 500 notes issued after demonetisation.<br /><br />According to the response provided by the IAF, its frontline transport aircraft, the C-17 and the C-130J Super Hercules, undertook 91 sorties to transport bundles of currency from security printing presses and mints to various destinations across the country after the Rs 1,000 and the Rs 500 notes were demonetised by the government in a sudden move on November 8, 2016.<br /><br />As on November 8, 2016, there were 1,716.5 crore pieces of Rs 500 and 685.8 crore pieces of Rs 1,000 notes in circulation, totalling Rs 15.44 lakh crore, about 86 per cent of the total currency in circulation, according to RBI and government data.<br /><br />In its RTI response to Commodore Lokesh Batra (retd), the IAF said it has billed the government-owned Security Printing and Minting Corporation of India and the Bharatiya Reserve Bank Note Mudran Private Ltd to the tune of Rs 29.41 crore for its services.<br /><br />&ldquo;I am of the opinion that the government should have avoided using defence assets and instead could have easily requisitioned the services of civil transport aircraft,&rdquo; Batra told PTI.<br /><br />This situation could have been avoided, had the government fully prepared itself before making the announcement to demonetise currency notes of Rs 1,000 and Rs 500 on November 8, 2016, he said.<br /><br />Post-demonetisation, the RBI had spent Rs 7,965 crore in 2016-17 on printing the new Rs 500 and Rs 2,000 notes, and those of other denomination, more than double the Rs 3,421 crore it had spent in the previous year.<br /><br />The demonetisation was hailed as a step that would curb black money, corruption and check counterfeit currency, but the RBI, in its annual report for 2017, had said just 7.1 pieces of Rs 500 note per million in circulation and 19.1 pieces of Rs 1,000 notes per million in circulation were found to be fake in its sample survey.<br /><br />Please <a href="https://www.financialexpress.com/economy/cost-of-modis-demonetisation-iaf-raised-bills-of-rs-29-41-crore-to-ferry-currency-notes-reveals-rti/1236127/" title="https://www.financialexpress.com/economy/cost-of-modis-demonetisation-iaf-raised-bills-of-rs-29-41-crore-to-ferry-currency-notes-reveals-rti/1236127/">click here</a> to read more. <br /></div>                                                           
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Home हिन्दी

Cost of Modi's demonetisation: IAF raised bills of Rs 29.41 crore to ferry currency notes, reveals RTI

Published on Jul 10, 2018   Modified on Jul 10, 2018

-PTI New Delhi: Over Rs 29.41 crore was spent on using the Indian Air Force’s ultra-modern transport aircraft — the C-17 and the C-130J Super Hercules — to ferry the newly-issued Rs 2,000 and Rs 500 currency notes post-demonetisation, according to an RTI reply. The move to scrap the old Rs 500 and Rs 1,000 notes was announced by Prime Minister Narendra Modi on November 8, 2016, and saw 86 per cent of currency being sucked out of the system, needing an urgent operation to replenish it with the new Rs 2,000 and Rs 500 notes issued after demonetisation. According to the response provided by the IAF, its frontline transport aircraft, the C-17 and the C-130J Super Hercules, undertook 91 sorties to transport bundles of currency from security printing presses and mints to various destinations across the country after the Rs 1,000 and the Rs 500 notes were demonetised by the government in a sudden move on November 8, 2016. As on November 8, 2016, there were 1,716.5 crore pieces of Rs 500 and 685.8 crore pieces of Rs 1,000 notes in circulation, totalling Rs 15.44 lakh crore, about 86 per cent of the total currency in circulation, according to RBI and government data. In its RTI response to Commodore Lokesh Batra (retd), the IAF said it has billed the government-owned Security Printing and Minting Corporation of India and the Bharatiya Reserve Bank Note Mudran Private Ltd to the tune of Rs 29.41 crore for its services. “I am of the opinion that the government should have avoided using defence assets and instead could have easily requisitioned the services of civil transport aircraft,” Batra told PTI. This situation could have been avoided, had the government fully prepared itself before making the announcement to demonetise currency notes of Rs 1,000 and Rs 500 on November 8, 2016, he said. Post-demonetisation, the RBI had spent Rs 7,965 crore in 2016-17 on printing the new Rs 500 and Rs 2,000 notes, and those of other denomination, more than double the Rs 3,421 crore it had spent in the previous year. The demonetisation was hailed as a step that would curb black money, corruption and check counterfeit currency, but the RBI, in its annual report for 2017, had said just 7.1 pieces of Rs 500 note per million in circulation and 19.1 pieces of Rs 1,000 notes per million in circulation were found to be fake in its sample survey. Please click here to read more.

The Indian Express, 8 July, 2018, https://www.financialexpress.com/economy/cost-of-modis-demonetisation-iaf-raised-bills-of-rs-29-41-crore-to-ferry-currency-notes-reveals-rti/1236127/

Tagged with: RTI Act Demonetisation Note Ban Currency demonetisation Right to Information Act Right to Information (RTI) Right to Information

Related Articles

• Demonetisation: Not bad in law, says Supreme Court in 4:1 verdict
• Tamil Nadu information commission worst performing in RTI responsiveness, says study -Sreeparna Chakrabarty
• Is the RTI Act fulfilling its purpose? -Sonikka Loganathan
• SC asks RBI to provide quorum details of its Central Board meeting that recommended demonetisation - Srishti Ojha
• Hardships faced can’t be seen as shortfall of demonetisation: Centre to SC -Abraham Thomas

 

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