Saturday, December 27, 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

    New species of non-venomous snake discovered in Brazil

    New species of non-venomous snake discovered in Brazil
    Scientists from four Brazilian institutions have announced the discovery of a new species of non-venomous snake that inhabits the savannas in the central part of the country....

    New species of non-venomous snake discovered in Brazil

    Childhood neglect may turn boys into violent adults

    Childhood neglect may turn boys into violent adults
    Parent may please take note that the cost of physically neglecting your male children could be very high: it may increase your risk of raising violent adolescents, says a study....

    Childhood neglect may turn boys into violent adults

    Daughters take care as you age

    Daughters take care as you age
    If you are blessed with a daughter, take heart because in your golden years, they are the ones - and not sons - who are going to care for you...

    Daughters take care as you age

    Men battle sexual temptations even after marriage

    Men battle sexual temptations even after marriage
    Even after they tie the knot and pledge not to cheat and observe sexual abstinence outside marriage, men, it turns out, often struggle with sexual temptations...

    Men battle sexual temptations even after marriage

    Why do some kids fear math?

    Why do some kids fear math?
    Are you one of those who used to detest math during childhood and often dreamed of growing up and doing anything but math? You may now have an answer...

    Why do some kids fear math?

    Sweet Job: Cambridge University Seeks Doctoral Student To Study The Fundamentals Of Chocolate

    Sweet Job: Cambridge University Seeks Doctoral Student To Study The Fundamentals Of Chocolate
    Cambridge University in England is seeking a doctoral student to pursue what sounds like the sweetest job in the world: studying the fundamentals of chocolate.

    Sweet Job: Cambridge University Seeks Doctoral Student To Study The Fundamentals Of Chocolate