You are here: Home » PTI Stories » National » News
Business Standard

IAF has airlifted over 160 tonnes of banknotes since Nov 19

Press Trust of India  |  New Delhi 

The has airlifted over 160 tonnes of new currency notes from four printing presses to various parts of the country to cut down the time taken to transport from the source to main distribution centres to meet the surge in demand post demonetisation.

Sources said the (IAF) was pressed into service on November 19 and it deployed AN 32, C130 J and C17 transport aircraft and helicopters for this purpose.



"Helicopters were already used for transporting to some remote areas of the Northeast. But the use of transport aircraft is a new thing," a source said.

The roped in the to cut down the transportation time for the delivery of banknotes after a shortage was felt in the market because of of Rs 500 and Rs 1,000 notes.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

RECOMMENDED FOR YOU

IAF has airlifted over 160 tonnes of banknotes since Nov 19

The IAF has airlifted over 160 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 pressed into service on November 19 and it deployed AN 32, C130 J and C17 transport aircraft and helicopters for this purpose. "Helicopters were already used for transporting cash to some remote areas of the Northeast. But the use of transport aircraft is a new thing," a source said. The government roped in the IAF to cut down the transportation time for the delivery of banknotes after a shortage was felt in the market because of demonetisation of Rs 500 and Rs 1,000 notes. The has airlifted over 160 tonnes of new currency notes from four printing presses to various parts of the country to cut down the time taken to transport from the source to main distribution centres to meet the surge in demand post demonetisation.

Sources said the (IAF) was pressed into service on November 19 and it deployed AN 32, C130 J and C17 transport aircraft and helicopters for this purpose.

"Helicopters were already used for transporting to some remote areas of the Northeast. But the use of transport aircraft is a new thing," a source said.

The roped in the to cut down the transportation time for the delivery of banknotes after a shortage was felt in the market because of of Rs 500 and Rs 1,000 notes.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

IAF has airlifted over 160 tonnes of banknotes since Nov 19

The has airlifted over 160 tonnes of new currency notes from four printing presses to various parts of the country to cut down the time taken to transport from the source to main distribution centres to meet the surge in demand post demonetisation.

Sources said the (IAF) was pressed into service on November 19 and it deployed AN 32, C130 J and C17 transport aircraft and helicopters for this purpose.

"Helicopters were already used for transporting to some remote areas of the Northeast. But the use of transport aircraft is a new thing," a source said.

The roped in the to cut down the transportation time for the delivery of banknotes after a shortage was felt in the market because of of Rs 500 and Rs 1,000 notes.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard