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Army to now help with the Disposal of Old Notes that went back to the Banks after Demonetisation

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An activist of Congress party hold the banned 500 and 1000 rupee notes during a protest march named as "Akrosh Diwas" against the government's decision to withdraw high denomination notes from circulation in front of Reserve Bank of India in Hyderabad, India, Monday, Nov. 28, 2016. Indian prime minister Narendra Modi, in his Nov. 8 televised address, announced the demonetization of India's 500- and 1,000-rupee notes, which made up 86 percent of the country's currency. He said it would wipe out rampant corruption, though in a country of 1.3 billion where most people don't have bank accounts, it also wiped out legally collected savings. (AP Photo/Mahesh Kumar A.)
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New Delhi, May 23, 2017: After assisting the government in printing and transporting new currency notes, the army will now help with the disposal of old notes that went back to the banks after demonetisation.

According to army sources, the government has asked for “15 teams from the army for currency verification”. However, the official did not reveal the exact number of soldiers to be involved in the task.

It was also not clear what method of disposal was to be used. “The deployments will be completed by May 26,” an official said.
The official denied that army soldiers were to guard the Reserve Bank of India (RBI).

According to information provided by the government in a written reply to Lok Sabha, on the day demonetisation was announced, there was around Rs 8,58,253 crore in currency notes of Rs 500 and Rs 6,85,782 crore in Rs 1,000 notes.

While the RBI has not released any figure on how much of the old currency notes have come back to the banks, it is estimated that around Rs 15 lakh crore has been returned. This is around 95 per cent of the old Rs 500 and Rs 1,000 notes that were in circulation.

Post-demonetisation, as new notes of Rs 500 and Rs 2,000 were printed, the Indian Army was called to assist at the banknote printing presses due to the shortage of personnel to man the facilities round the clock.

Indian Air Force had transported over 600 tonnes of new currency after demonetisation, using its C-130s and C-17 aircraft.

On November 8, 2016, Prime Minister Narendra Modi had announced the spiking of higher value notes of Rs 500 and Rs 1,000. (IANS)

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NATO Advances Its Weaponry And Technology

NATO Secretary-General Jens Stoltenberg said increasing military spending by NATO members would help tackle some of the challenges.

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A general view of USS Mount Whitney of the US Navy at sunrise as it approaches the port during the NATO-led military exercise Trident Juncture, Nov. 3, in Trondheim, Norway. VOA

NATO is developing new high-tech tools, such as the ability to 3-D-print parts for weapons and deliver them by drone, as it scrambles to retain a competitive edge over Russia, China and other would-be battlefield adversaries.

Gen. Andre Lanata, who took over as head of the NATO transformation command in September, told a conference in Berlin that his command demonstrated over 21 “disruptive” projects during military exercises in Norway this month.

He urged startups as well as traditional arms manufacturers to work with the Atlantic alliance to boost innovation, as rapid and easy access to emerging technologies was helping adversaries narrow NATO’s long-standing advantage.

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British Prime Minister Theresa May arrives for the NATO summit in Brussels, May 25, 2017.Source-VOA

Lanata’s command hosted its third “innovation challenge” in tandem with the conference this week, where 10 startups and smaller firms presented ideas for defeating swarms of drones on the ground and in the air.

Winner from Belgium

Belgian firm ALX Systems, which builds civilian surveillance drones, won this year’s challenge.

Its CEO, Geoffrey Mormal, said small companies like his often struggled with cumbersome weapons procurement processes.

“It’s a very hot topic, so perhaps it will help to enable quicker decisions,” he told Reuters.

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A Massive Ordnance Air Blast (MOAB) weapon is prepared for testing at the Eglin Air Force Armament Center on March 11, 2003. VOA

Lanata said NATO was focused on areas such as artificial intelligence, connectivity, quantum computing, big data and hypervelocity, but also wants to learn from DHL and others how to improve the logistics of moving weapons and troops.

Also Read: Weapons, Bombs Easily Detected by Wi-Fi: Study

NATO Secretary-General Jens Stoltenberg said increasing military spending by NATO members would help tackle some of the challenges, but efforts were also needed to reduce widespread duplication and fragmentation in the European defense sector.

Participants also met behind closed doors with chief executives from 12 of the 15 biggest arms makers in Europe. (VOA)