In the transportation of new notes of 2000 and 500 rupees issued after the note -off, the amount spent more than Rs 29.41 crore was spent on the use of state-of-the-art transport aircraft C-17 and C-130J Super Hercules. In response to an RTI application, the Indian Air Force said that on November 8, 2016, when the old notes of 1,000 and 500 rupees were extinguished suddenly from circulation, its transport planes C-17 and C-130J Super Hercules issued security printing presses And through the mints, for the circulation of notes in different parts of the country, 91 rounds.
On November 8, 2016, Prime Minister Narendra Modi had announced the exclusion of 500 and 1000 rupees from circulation . 86 percent of the Prime Minister’s announcement was out of the system. It was necessary to make urgent payments with the new notes of 2000 and 500 issued after the settlement ban was released. According to RBI and official statistics, there were 1716.5 million notes of 500 till November 8, 2016 and there were 685.8 million notes of 1000 rupees. In this way, the total value of these notes was Rs 15.44 lakh crore, which was approximately 86 per cent of the total currency present in circulation at that time.
Responding to retired Commodore Lokesh Batra’s RTI, the Air Force said that it has given a government-owned Security Printing and Mining Corporation of India and Indian Reserve Bank of India, for printing of private services, for a fee of Rs 29.41 crore. Batra said, “My opinion is that the government should have avoided the use of defense assets and instead the services of civil transport aircraft could be taken easily.”
He said that if the government had prepared itself completely before declaring the ban on the issue, then such a situation could have been avoided. After the ban, the government had spent Rs 7965 crore on printing of new notes of 500 and 2000 rupees and other value in 2016-17. This item was twice the amount spent in the last year compared to the amount of Rs 3421 crore.