But, the question is – was it necessary for the government to use defense asset? The government could have called for the services of the civil transport aircraft. The money that the IAF has charged the government is going to be paid from the taxpayers’ money and this entire situation could have been avoided if only the government was prepared before making the hasty decision of demonetizing currency notes of Rs. 500 and Rs. 1,000.
The efficacy of the note ban move by the government is also questionable. The decision was made in order to curb corruption and black money, but as much as 99% of the junked Rs. 1000 and Rs. 500 notes have been returned to the banking system, as per reports given out by the RBI or the banker’s bank. In fact, RBI faced a collateral damage in all of this and its income seemed to have decreased and expenditure increased since note ban.
