Railways agents misused demonetisation waivers: CAG


Railways agents misused demonetisation waivers: CAG

In November 2016, 132 Indian Railways’ Jansadharan Ticket Booking Sewaks (JTBS) took unfair advantage of a three-day-long waiver facility provided by the government to allow transactions at railway ticketing counters after the shock demonetisation order of November 8, and deposited unusually big quantities of Rs 500 and Rs 1,000 currency notes on the three subsequent days, a CAG report has found out.

The 132 JTBS were from the Central, Eastern, Northeast Frontier, North Eastern, North Western and Western Railway (CR, ER, NFR, NER, NWR and WR) zones.

On November 9, 2016, the Railway Board, had issued a directive that the Rs500 and Rs 1,000 bank notes would not cease to be legal tender from November 9, 2016 until November 11, 2016, to the extent of transactions at railway ticketing counters for purchase of tickets, for which complete records were required to be maintained. Read More

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