Blog Entry# 2054887
Posted: Nov 10 2016 (14:35)
Last Response: Nov 10 2016 (14:35)
Commentary/Human InterestNov 10 2016 (07:14) Railways to monitor big transactions
rdb*^ 126032 news posts
Indian Railways on Wednesday set up a special cell to monitor high-value transactions at ticketing counters in a bid to tackle attempts at laundering black money. It has made it compulsory for passengers purchasing tickets worth over Rs 50,000 to furnish PAN card details.
Railway Minister Suresh Prabhu said people were queueing up with Rs. 500 and Rs. 1,000 notes since they were being accepted at railway counters. “A lot of people are giving Rs. 1,000 notes to buy platform tickets that cost Rs 10,” he said here in an interaction with the press.
Nov 10 2016 (14:35)
For Better Managed Indian Railways~ 1933 blog posts
Report says- "The Railways witnessed a 40 per cent jump in ticket booking through reservation counters in the first half of the day, officials said"
Excess tickets shall be cancelled soon to get back the money in new currency.
One more side effect of Surgical strike on black money- The booking counter clerks shall have to work more than usual till all of such tickets are cancelled.
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