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

    Monkey owns copyright for selfie, Wikipedia tells photographer

    Monkey owns copyright for selfie, Wikipedia tells photographer
    A selfie taken by a black macaque on the Indonesian island of Sulawesi three years back has become a tug of war between Wikipedia and the photographer...

    Monkey owns copyright for selfie, Wikipedia tells photographer

    Brain judges trustworthiness of faces at first look

    Brain judges trustworthiness of faces at first look
    Even before you consciously see the face of a person, your brain can judge his/her trustworthiness, says a study...

    Brain judges trustworthiness of faces at first look

    Porn viewing puts women at cybersex addiction risk

    Porn viewing puts women at cybersex addiction risk
    Women who regularly visit pornography sites on internet are at a greater risk of developing cybersex addiction, says a significant study....

    Porn viewing puts women at cybersex addiction risk

    Even potato chips can catch criminals!

    Even potato chips can catch criminals!
    It may be hard to imagine that your favourite packet of potato chips or even a glass of water can serve as a microphone to catch a criminal....

    Even potato chips can catch criminals!

    29 till I die! The most popular age decoded

    29 till I die! The most popular age decoded
    Have you ever thought what would be the perfect age for you to be most popular among a vast pool of friends? Wait till you turn 29....

    29 till I die! The most popular age decoded

    Horses 'talk', says study

    Horses 'talk', says study
    Horses can use their facial expressions, specifically the direction of eyes and ears, to "talk" to other horses, a study said Monday....

    Horses 'talk', says study