Ban transport of cash after 9pm in cities, suggests MHA
The deadline for putting money in the ATMs in rural areas would be 6pm, and 4pm in Maoist-affected districtsindia Updated: Dec 14, 2017 23:00 IST
Taking note of the incidents involving looting of cash vans and ATMs across the country, the ministry of home affairs (MHA) has suggested a curb on transporting cash after 9pm in ur- ban areas and 6pm in rural areas.
In Naxal-affected areas, the cash vans should ply only between 9am and 4pm, the home ministry said in its set of recommendations, which have been sent to the law ministry. After the law ministry vets the proposals, they will become guidelines for states under the Private Sec- urity Agencies Regulation Act.
The move will also help in regulating private security agencies, which handle cash in India without specific government guidelines, said a home ministry official. Around 8,000 private cash vans ply across the country. “At present, these private security agencies ferry over ~15,000 crore in cash daily. They also hold over ~5,000 crore in cash overnight on behalf of banks at their private vaults,” a senior official told HT.
According to MHA proposal, the cash vans must have two independent compartments — one for storing cash and the other for passenger. The cash compartment should be reinforced with steel with one door that can be opened internally through a manual or electronic lock, an official said. Every cash van must have the following minimum staff on board — one driver, two armed security guards and two ATM officer or custodians.
MHA on Thursday also ann- ounced the second phase of police modernisation plans for the Central Armed Police Force (CAPF). Officials said the government will spend ~1,054 crore in the next two years on the procurement of modern weapons, vehicles and other gadgets for the seven paramilitary forces. Earlier, the annual expenditure was ~200 crore.
Half of the ~1,054 crore approved by the Centre will be spent in the next two years for the mordernisation of the Central Reserve Police Force (CRPF), while the rest will be spent for upgrading BSF, CISF, ITBP, SSB, NSG and Assam Rifles, the ministry official said.