Close X
Tuesday, November 26, 2024
ADVT 
Interesting

British Indians Sending Old Notes Home On Flights With Friends

Darpan News Desk IANS, 29 Nov, 2016 01:27 PM
    British Indians are calling for an extension to a deadline which could see some of their cash become worthless by the end of December, as part of Prime Minister Narendra Modi's shock decision earlier this month to abolish Rs. 500 and Rs. 1,000 banknotes.
     
    The looming December 30 deadline has rattled many British Indians, who make up 2.5 per cent of the population of England and Wales according to a 2011 UK government census, because the notes can only be exchanged in India.
     
    "I have been getting hundreds and hundreds of calls," said the president of the National Congress Of Gujarati Organisations UK (NCGO), CJ Rabheru.
     
     
    "They have no clue what the hell is happening," Mr Rabheru said, adding that many of his members are confused by rumours regarding the status of their cash in a move that he said was likely to affect at least 1 million people in Britain.
     
    Although supportive of Mr Modi's effort to fight counterfeiting, Mr Rabheru said many people are scrambling to find flights to India or asking friends and relatives to carry cash for them.
     
    The notes are being abolished in a move to crack down on forgeries and the shadow economy but the withdrawal of denominations that account for 86 per cent of the cash in circulation in India have brought India's cash economy to a virtual standstill.
     
    Britain's longest-serving Indian-origin lawmaker Keith Vaz has called on Mr Modi to extend the deadline for foreign nationals until mid-2017.
     
    "The Indian government should be commended on this bold and courageous policy, and I completely understand why they have taken these steps," Mr Vaz was quoted as saying.
     
    "However, the rupee recall has inadvertently caused concern and distress to many members of the Indian diaspora community who live abroad who fear they will be unable to exchange their currency by the deadline in December."
     
    Mr Vaz has written to Bank of England Governor Mark Carney asking for a solution to allow British Indians to exchange their bank notes in the UK.
     
    "Why do we have to go to India to exchange our currency? That I don't understand," said Mahendrasinh Jadeja, vice president of the British Organisation of People of Indian Origin.

    MORE Interesting ARTICLES

    Early Morning Shooting Injures One In Downtown Vancouver

    Early Morning Shooting Injures One In Downtown Vancouver
    A woman was shot just before 5 a.m this morning and taken to hospital with non-life threatening injuries.

    Early Morning Shooting Injures One In Downtown Vancouver

    US Elections Ballot Receipt In Hindi Excites Indian Voters

    US Elections Ballot Receipt In Hindi Excites Indian Voters
    The voters casting ballots in Chicago in the 2016 US Elections walked out with a slip of paper translated from English into three languages. One of them is Hindi. 

    US Elections Ballot Receipt In Hindi Excites Indian Voters

    Astonishing Linguistic prodigy: This 4 Year Old Russian Girl speaks 7 Languages

    Astonishing Linguistic prodigy: This 4 Year Old Russian Girl speaks 7 Languages
    At first glance, Bella Devyatkina, from Moscow, Russia, is your typical carefree, playful four-year-old, but ask her a question in Russian, English, French, Spanish, German, Chinese or Arabic, and you will be shocked by her articulate response.

    Astonishing Linguistic prodigy: This 4 Year Old Russian Girl speaks 7 Languages

    Coffin Couture - Clothing Store Offers the Perfect Outfits for the Afterlife

    Coffin Couture - Clothing Store Offers the Perfect Outfits for the Afterlife
    Eternity is a really long time, so you'd probably want to spend it looking your best, right? Luckily, a popular clothing store has recently put together a collection of stylish clothes they think are perfect for the afterlife.

    Coffin Couture - Clothing Store Offers the Perfect Outfits for the Afterlife

    Watch: New Bike Lock Sprays vomit Gas, Causing Breathing Problem for Thieves

    Watch: New Bike Lock Sprays vomit Gas, Causing Breathing Problem for Thieves
    The aptly-named SkunkLock is an ingenious bicycle lock that blasts would-be thieves with a disgusting cocktails of chemicals that most of the time causes them to vomit uncontrollably.

    Watch: New Bike Lock Sprays vomit Gas, Causing Breathing Problem for Thieves

    Alcohol Mixed With Energy Drink Causes Similar Risk As Cocaine

    Alcohol Mixed With Energy Drink Causes Similar Risk As Cocaine
    Standard drinks on a night out could be a lot more harmful for you than you realise, according to new research.

    Alcohol Mixed With Energy Drink Causes Similar Risk As Cocaine