Sunday, December 21, 2025
ADVT 
National

NRIs, Others Feel Heat Of Demonetisation; Wait In RBI Queues

Darpan News Desk, 12 Jan, 2017 12:19 PM
    Tempers ran high outside the central bank branches as people coming from long distances were denied entry by guards on the grounds that they were not carrying the requisite documents.
     
    After residents, NRIs and People of India Origin (PIO) are now braving long queues to exchange the old Rs 500/1000 notes at 5 designated RBI branches across the country but because of stringent conditions several of them have had to return disappointed. 
     
    Tempers ran high outside the central bank branches as people coming from long distances were denied entry by guards on the grounds that they were not carrying the requisite documents. 
     
    Many NRIs complained that they are not allowed to speak to officials who could at least listen to their grievances. 
     
    "Though I have foreign passport, I still have roots in India. Our family comes to India every year. We have few Indian currency notes and we want to exchange them but we are not allowed to enter RBI. Mr Prime Minister are we supposed to burn Indian currency that we have?," said Ritu Diwan, an agitated US national. 
     
    This unnecessary harassment simply indicates that PIOs are no more welcome to the country of their birth, she added. 
     
    Dharamveer, another US national, said PIOs generally keep some amount of Indian currency as they frequently visit India because there is no point in paying commission on exchange of currency on each visit. 
     
     
    "Any PIO who regularly visits India would easily have Rs 50,000 to Rs 1 lakh worth of Indian currency and I challenge the government to prove this as black money and forfeit this from us", he said, adding that "this money, we don't spent in the country where we live but country of our origin". 
     
    "It is by chance that we are here at this time and wanted to exchange few currency but we are not allowed to do so. It is very frustrating," he added. 
     
    Many PIOs who were turned away protested that they don't have crores of rupees but only few thousands which the administration should exchange. 
     
    Frustrated at the "high-handedness of RBI" and the "government policy", there are reports of NRIs throwing defunct Indian currency at the gate of RBI as a mark of protest. 
     
    Besides PIOs, many Indian who failed to deposit junked currency notes during the 50-day demonetisation period are also being turned away after standing in the queue for hours. 
     
    Disappointed at the flip-flop of the government on the issue, Ram Kumar said Prime Minister in his November 8 address had said that people would have time till March 31 to exchange their old notes at the RBI. 
     
     
    Hoping against hope some are coming repeatedly thinking that if they were lucky they would be allowed by the security guards to enter RBI office for exchange of scrapped currency notes.

    MORE National ARTICLES

    Vancouver Police Investigate Downtown Eastside Art Heist

    Vancouver Police Investigate Downtown Eastside Art Heist
    Vancouver Police are asking the public to help them find paintings stolen from ACME Studios in the Downtown Eastside.

    Vancouver Police Investigate Downtown Eastside Art Heist

    Ontario Judge Apologizes For Wearing Make America Great Again Hat In Court

    Ontario Judge Apologizes For Wearing Make America Great Again Hat In Court
      The Hamilton TV station CHCH reports that Judge Bernd Zabel went into court today solely to express his regrets, and issued an apology to the courts, the bar and his colleagues.

    Ontario Judge Apologizes For Wearing Make America Great Again Hat In Court

    Canada's Tech Sector Expected To Get Boost From Fears About Trump Election

    In an open letter sent during the campaign, senior executives at some of America's top tech companies called Trump "a disaster for innovation."

    Canada's Tech Sector Expected To Get Boost From Fears About Trump Election

    Innocent Explanation For Strange, Circling Air Canada Flight South Of Victoria

    Early Wednesday afternoon people reported seeing a low-flying Air Canada jet circling over the area for more than an hour.

    Innocent Explanation For Strange, Circling Air Canada Flight South Of Victoria

    B.C.'s New Child Watchdog Says Tragic Child Deaths Drive His Quest For Change

    B.C.'s New Child Watchdog Says Tragic Child Deaths Drive His Quest For Change
    Bernard Richard said those cases also motivate him to improve the lives of vulnerable young people.

    B.C.'s New Child Watchdog Says Tragic Child Deaths Drive His Quest For Change

    Many Canadians Feel Ill Prepared For Career Change: Survey

    Many Canadians Feel Ill Prepared For Career Change: Survey
    The Ipsos survey, conducted for Royal Roads University in Victoria, found 45 per cent of the more than one-thousand employed people questioned are eyeing a new career.

    Many Canadians Feel Ill Prepared For Career Change: Survey