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

    Mark Zuckerberg: That Facebook Influenced Election Is 'crazy'

    NEW YORK — Facebook CEO Mark Zuckerberg says the idea that fake news spread on Facebook influenced the outcome of the U.S. election is "crazy."

    Mark Zuckerberg: That Facebook Influenced Election Is 'crazy'

    Pakistan Issues Visas To Over 3,000 Sikh Pilgrims

    Pakistan High Commission has issued visas to as many as 3,316 Sikh pilgrims to attend birthday celebrations of Guru Nanak Dev from 12-21 November there.

    Pakistan Issues Visas To Over 3,000 Sikh Pilgrims

    Some Indo-Canadian Residents Left With Worthless Cash After Indian Rupee Cancellation

    Some Indo-Canadian Residents Left With Worthless Cash After Indian Rupee Cancellation
    On Tuesday, Indian Prime Minister Narendra Modi announced in a surprise broadcast that his government was withdrawing all 500 and 1,000 Indian rupee notes — which are equivalent to about $10 and $20.

    Some Indo-Canadian Residents Left With Worthless Cash After Indian Rupee Cancellation

    Tests Reveal Winnipeg Infant Ingested Carfentanil, Parents Charged

    Tests Reveal Winnipeg Infant Ingested Carfentanil, Parents Charged
    Powder found at the scene was believed to be fentanyl, but tests show it was the much more powerful drug — a synthetic opioid that can be fatal in very small doses.

    Tests Reveal Winnipeg Infant Ingested Carfentanil, Parents Charged

    Canada Willing To Discuss NAFTA With A Trump Administration: Justin Trudeau

    Canada Willing To Discuss NAFTA With A Trump Administration: Justin Trudeau
    SYDNEY, N.S. — Prime Minister Justin Trudeau says Canada is willing to discuss the North American Free Trade Agreement with a Trump administration.

    Canada Willing To Discuss NAFTA With A Trump Administration: Justin Trudeau

    N.B. Military Member Accused Of Accessing Child Pornography While On Duty

    N.B. Military Member Accused Of Accessing Child Pornography While On Duty
    The Canadian Forces National Investigation Service says Sgt. Brent Douglas Hansen was charged Wednesday under the National Defence Act.

    N.B. Military Member Accused Of Accessing Child Pornography While On Duty