Wednesday, December 17, 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

    Calgary Man Who Tied Lawn Chair To 120 Balloons, Flew Over Stampede, Facing Hefty Fine

    Calgary Man Who Tied Lawn Chair To 120 Balloons, Flew Over Stampede, Facing Hefty Fine
    CALGARY — A Calgary man is facing a hefty fine for strapping 120 helium balloons to a lawn chair and soaring high into the air above the Stampede grounds in 2015.

    Calgary Man Who Tied Lawn Chair To 120 Balloons, Flew Over Stampede, Facing Hefty Fine

    B.C. Veterinarian Saves Puppy With Opioid-Reversing Naloxone

    B.C. Veterinarian Saves Puppy With Opioid-Reversing Naloxone
    SAANICH, B.C. — A Victoria-area veterinarian who used naloxone to revive a puppy that ate some sort of opioid said she fears word of the successful treatment could put her clinic at risk.

    B.C. Veterinarian Saves Puppy With Opioid-Reversing Naloxone

    Home Ownership Costs Remain Sky High In Vancouver

    Home Ownership Costs Remain Sky High In Vancouver
    TORONTO — The latest report on housing trends and affordability from RBC Economics Research says owning a home in Canada is less affordable now than at any time in nearly eight years.

    Home Ownership Costs Remain Sky High In Vancouver

    Making Kids Proud Best Christmas Gift For Single Moms In Surrey

    Making Kids Proud Best Christmas Gift For Single Moms In Surrey
    Thanks to the Single Parent Employment Initiative (SPEI), a unique government employment program launched just over a year ago, hundreds of single parents throughout the province, and their children, will be having a brighter Christmas

    Making Kids Proud Best Christmas Gift For Single Moms In Surrey

    Good Samaritan Turns in Found Money In Delta, B.C.

    Good Samaritan Turns in Found Money In Delta, B.C.
    Delta Police responded to a report of found money on December 15, 2016. Police are now reaching out to anyone who may have been in the area of 6900 blk Nicholson Road on or around December 14, 2016 and is missing cash.

    Good Samaritan Turns in Found Money In Delta, B.C.

    Vancouver Police Look For Woman Missing Since November

    Vancouver Police Look For Woman Missing Since November
    Vancouver Police are requesting the public’s help to locate a missing woman who was last seen in early November

    Vancouver Police Look For Woman Missing Since November