Indian Air Force okay with demonetisation, says Chief Raha

Air Chief Marshal Arup Raha on Saturday backed the Centre’s move to demonetise, saying the armed forces have accepted the decision. “The armed forces are okay with the decision that has been taken,” said Air Chief Marshal Saha, in a press conference held at a guns factory in Kashipur. He also highlighted their role in … Read more

‘Part of a plan to create a civil war?’: Mamata alleges unauthorised army deployment across Bengal

The West Bengal government alleged on Thursday that the Indian Army had been deployed across the state without due permission from the state administration. This was after Chief Minister Mamata Banerjee’s claimed that troops had been stationed outside the state secretariat. More army deployment in diff Bengal districts Jalpaiguri,Alipurduar, Darjeeling,Barrackpur, N24Pgs, Howrah,Hooghly,Kol,Murshidabad Burdwan — Mamata … Read more

Demonetisation—Indian Army soldiers help in printing new currency notes

In a bid to ease the currency crisis in India, the Reserve Bank of India (RBI) has sought the help of the Indian army. At least 200 army men have been deployed to work on a ‘war-footing’ at the currency note printing units across the country to aid staff members in the 24×7 printing process. … Read more

Indian Air Force Has Airlifted Over 165 Tonnes Of Banknotes Since November 19

The Indian Air Force has airlifted over 165 tonnes of new currency notes from four printing presses to various parts of the country to cut down the time taken to transport cash from the source to main distribution centres to meet the surge in demand post demonetisation. Sources said the Indian Air Force (IAF) was … Read more

Army seeks relaxation on cash deposit deadlines for jawans

The Army is planning to request the government to allow its soldiers deployed in remote areas to deposit and exchange Rs 500 and Rs1,000 currency notes at banks beyond the December 31 deadline as part of the demonetisation drive of Prime Minister Narendra Modi. A large number of soldiers from the Army are deployed in … Read more

Indian Air force reducing cash transportation time from 21 days to 6 days

The time taken from printing currency notes to transporting it to distribution centers has come down from 21 days to just 6 days. The government is striving to improve it further over the next few weeks, said The Times of India report. All possible modes of transport including helicopters and Indian Air Force planes are … Read more

Modi Government decides to take help of Indian Air Force (IAF) to transport the newly-minted cash to the banks

Stepping up its efforts to augment currency notes supplies to bring relief to cash-starved citizens of the country, PM Narendra Modi government has decided to take the help of Indian Air Force (IAF) to transport the newly-minted cash to the banks, according to a report. Indications were there as the Finance Ministry today said there … Read more

Printers expected a New Year launch for new notes, caught unawares

While both Finance Minister Arun Jaitley and the Reserve Bank of India have been at pains to emphasise that there is “sufficient stock” in the 4,400-odd currency chests located all over the country, officials of a key currency printer, the Security Printing & Minting Corporation of India (SPMCIL), admit the launch date for the new … Read more