Tuesday, November 15, 2016

Odisha: Flight booking soars in rush for cash disposal

Demonetisation of high value currency notes has made black money carriers and hoarders to seek new ways to convert them to white. Though the travel industry witnessed a fall in railway reservations, there was a significant surge in air ticket bookings in the State. Transactions at banks were also high as compared to regular working days.

The East Coast Railway (ECoR), which covers a major part of Odisha, saw a reduction in bookings in unreserved coaches. The authorities attributed the reason to lack of lower denomination currency with passengers. In the reserved segment too, bookings were normal and there was a marginal fall at some counters. “We were on alert from day one following demonetisation and started monitoring bookings of highvalued transactions,” ECoR CPRO JP Mishra said.
15/11/16 Baibhav Mishra/The New Indian Express

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