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IAF raised Rs 29.41 crore bills for transporting new currency notes

IAF raised Rs 29.41 crore bills for transporting new currency notes

Image credit: Wikimedia Common

PM Modi move to demonetize old currency on November 8, 2016, directed 86% of currency out of the system. This lead to an urgency to replace banned notes with the new Rs 2,000 and Rs 500 notes. In this situation, IAF took this responsibility and used the C-17 and the C-130J Super Hercules to ferry the newly-issued notes for which IAF raised Rs 29.41 crore bill for its services. The information was revealed in the RTI response.

read more at New India Express

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