Tuesday, December 23, 2025
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

    Chipotle Stores To Open At 3 P.m. Local Time On Feb. 8

    Chipotle Stores To Open At 3 P.m. Local Time On Feb. 8
    NEW YORK — Chipotle says its stores will open several hours later than normal for one day next month so it can hold a meeting following a series of food scares.

    Chipotle Stores To Open At 3 P.m. Local Time On Feb. 8

    So Long, Selfie Sticks: Travellers Hiring Photographers To Take Vacation Photos

    So Long, Selfie Sticks: Travellers Hiring Photographers To Take Vacation Photos
    Even with the popularity of selfie sticks, some travellers are still yearning to come home with good old-fashioned photos not captured on a smartphone — and they're willing to pay for them.

    So Long, Selfie Sticks: Travellers Hiring Photographers To Take Vacation Photos

    European Court Rules Employer Can Read Private Employee Messages

    European Court Rules Employer Can Read Private Employee Messages
    PARIS — Europe's top human rights court has ruled that an employer that accessed the private messages of an employee to check if he was completing his work was acting within its rights.

    European Court Rules Employer Can Read Private Employee Messages

    Celebrate Facebook's Anniversary As Friendship Day: Mark Zuckerberg

    Facebook's chief executive Mark Zuckerberg has urged nearly 1.5 billion users on the platform to celebrate the social networking giant's 12th anniversary as friendship day.

    Celebrate Facebook's Anniversary As Friendship Day: Mark Zuckerberg

    'Frenetic' Price Growth In Real Estate Market To Slow In 2016: Royal LePage

    'Frenetic' Price Growth In Real Estate Market To Slow In 2016: Royal LePage
    Realtor Royal LePage says it expects the national real estate market to slow this year due to eroding affordability in Toronto and Vancouver and the fallout from declining oil prices in Western Canada.

    'Frenetic' Price Growth In Real Estate Market To Slow In 2016: Royal LePage

    Young Australian Bear A 'Polar Picasso,' Says Cochrane Polar Bear Habitat

    Young Australian Bear A 'Polar Picasso,' Says Cochrane Polar Bear Habitat
    Habitat manager Karen Cummings says his first session was with red and blue paint — the colours of the Australian flag in honour of Henry's homeland.

    Young Australian Bear A 'Polar Picasso,' Says Cochrane Polar Bear Habitat