Thursday, December 25, 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

    Why Women Are Better At Remembering Tasks-To-Do

    Why Women Are Better At Remembering Tasks-To-Do
    Now is the time to finally listen to your wife as women are better than men at remembering things to do, a new study finds.

    Why Women Are Better At Remembering Tasks-To-Do

    'Quarter Of Fresh Harvard Graduates Claims 10 Sex Partners'

    If we believe a latest Harvard University survey, 26 percent of students have had 10 or more sexual partners but 21 percent of senior students rate themselves still virgin.

    'Quarter Of Fresh Harvard Graduates Claims 10 Sex Partners'

    Mystery Of Disappearing Holes In Swiss Cheese Solved: The Milk's Too Clean!

    Mystery Of Disappearing Holes In Swiss Cheese Solved: The Milk's Too Clean!
    BERLIN — The mystery of Swiss cheese and its disappearing holes has been solved: The milk's too clean.

    Mystery Of Disappearing Holes In Swiss Cheese Solved: The Milk's Too Clean!

    Women Want More Sex As They Grow Older

    Women Want More Sex As They Grow Older
    A latest survey looking into women's sexual health has debunked the theory that women are not interested in sex as they get older.

    Women Want More Sex As They Grow Older

    India's Gagan Toor Suggests Winning Name For Mercury Crater To NASA

    India's Gagan Toor Suggests Winning Name For Mercury Crater To NASA
    Enheduanna, the name suggested by Gagan Toor of India, is one of the winners of a contest to name five new craters on the planet Mercury.

    India's Gagan Toor Suggests Winning Name For Mercury Crater To NASA

    'Dino-Chickens' : Indian-origin Researcher 'Grows' Dinosaur Snout In A Chicken In Lab

    'Dino-Chickens' : Indian-origin Researcher 'Grows' Dinosaur Snout In A Chicken In Lab
    In a first, a team led by an Indian-origin researcher has successfully replicated the molecular processes that led from dinosaur snouts to the first bird beaks -- by 'growing' the snout that replaced a chicken's beak in the lab.

    'Dino-Chickens' : Indian-origin Researcher 'Grows' Dinosaur Snout In A Chicken In Lab