Tag Archives: cash crunch

1 Million British Indians Rattled by Note Ban, Seek Recourse

Taking Indian currency out of India is banned as per the law but many NRIs and those who return in few days do carry Indian currency and the practice has come under radar now with the British Indians scrambling to get their old Rs 500 ($7) and Rs. 1,000 ($14) notes exchanged. As the official deadline of December 30, 2016 ...

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Demonetisation decision of the century? Claims Minister

Amid chaos over the country with ATMs showing NO CASH board, people fighting with bank staff, it is chaos and anarchy all over the country. Though nobody is questioning the ban if Rs.500 and Rs.1000 notes, the way the RBI was totally taken aback by the decision is intriguing the whole country. Little work has gone into the decision when ...

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