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

    Sushma Swaraj Responds To Visa Request By Indian Man For Pakistani Wife

    Sushma Swaraj Responds To Visa Request By Indian Man For Pakistani Wife
    In a tweet, the man Yasin said he had applied for visa for his Pakistani wife in September to travel to Mumbai for treatment of their son.

    Sushma Swaraj Responds To Visa Request By Indian Man For Pakistani Wife

    Hillary Clinton On Amitabh Bachchan: 'What's The Name Of The Famous Older Indian Actor We Met?'

    Hillary Clinton On Amitabh Bachchan: 'What's The Name Of The Famous Older Indian Actor We Met?'
    A leaked email of Democratic presidential candidate Hillary Clinton shows that she had once asked her close aide about Indian megastar Amitabh Bachchan.

    Hillary Clinton On Amitabh Bachchan: 'What's The Name Of The Famous Older Indian Actor We Met?'

    Why 10 Million Indian Women Secretly Undergo Abortions Every Year

    In 2008, Arti Chauhan (name changed to protect identity), mother of a 12-year-old girl, a 9-year-old boy and a 6-year old girl, became aware that two pills -- mifepristone and misoprostol -- could induce an abortion, a procedure she considered when she got pregnant when her boy was just a year old.

    Why 10 Million Indian Women Secretly Undergo Abortions Every Year

    Meet China's Oldest Male Model And 'Hottest Grandpa' Who Crushes Stereotypes With His Runway Swagger

    Meet China's Oldest Male Model And 'Hottest Grandpa' Who Crushes Stereotypes With His Runway Swagger
    At the ripe old age of 80, he is determined to defy convention and enjoyed his catwalk modelling debut just last year.

    Meet China's Oldest Male Model And 'Hottest Grandpa' Who Crushes Stereotypes With His Runway Swagger

    Breaking Stereotypes, Indian Woman Gifts Daughter-In-Law A Car For Giving Birth To A Girl Child

    Breaking Stereotypes, Indian Woman Gifts Daughter-In-Law A Car For Giving Birth To A Girl Child
    The Happy Mother-in-law Believes Having Daughter Is Better Than Having A Son

    Breaking Stereotypes, Indian Woman Gifts Daughter-In-Law A Car For Giving Birth To A Girl Child

    Celebrity Indian Chef Harpal Singh Sokhi Spreads His Wings With 5 New Restaurants

    Celebrity Indian Chef Harpal Singh Sokhi Spreads His Wings With 5 New Restaurants
    Now, Celebrity Chef Harpal Singh Sokhi is going for the big one: Five new eateries with a $15-20 million infusion by a leading F&B franchise management company.

    Celebrity Indian Chef Harpal Singh Sokhi Spreads His Wings With 5 New Restaurants