Friday November 24, 2017
Home India Indian-Origin...

Indian-Origin Woman plea for exchange of Old Demonetised Currency Notes

0
186
Reserve Bank of India. VOA

NEW DELHI, April 26, 2017: The supreme court sought Government’s reaction on the exchange of demonetised currency notes when Sangeeta Pandey, an overseas citizen of India, (OCI) card holder pleaded for justice. She has accused RBI allegedly for its unfair notification that says it was limited to NRIs only.

Chief Justice J S Khehar and Justice D Y Chandrachud have issued a notice to the government and the Reserve Bank of India (RBI) for negotiation of this matter. Sangeeta Pandey was turned down by the bank regarding the exchange of Rs 18,000. She has mentioned her arrival in Delhi from the United Kingdom on January 10 with Rs 18,000 worth of demonetised notes in a file through the advocate Pankaj Bala Verma, mentioned PTI reports.

NewsGram brings to you latest new stories in India.

In her plea, she has mentioned her arrival in Delhi from the United Kingdom on January 10 with Rs 18,000 worth of demonetised notes.

On being advised a customs officer at IGI airport, she went to RBI to get the currency exchanged but there she got to know that this facility was limited to NRIs only and not been extended to OCI card holders.

“Petitioner went to RBI a few times and waited in a queue until one day a RBI official made an announcement that the facility to exchange the currency was limited to NRIs only and did not include Overseas Citizen of India (OCI) card holders,” said the victim.

Go to NewsGram and check out news related to political current issues.

“No satisfactory explanation was given except that the government had decided to take this decision,” she added.

The plea sought to quash RBI’s December 31, 2016 notification as per which facility of exchange was made available to NRIs, who were not in India till December 30, 2016- post November 8, 2016, demonetisation announcement.

As per the RBI direction, NRIs were allowed to exchange currency till June 30.

 – by Pawan Sharma of NewsGram. Twitter: @pawan221b

Next Story

RBI maynot have been Authorised to Issue Currency Notes of Rs 2,000 and Rs 200

the Reserve Bank Of India (RBI) does not seem to have any official records to prove that it had authorised the issue of new currency notes in denominations of Rs 2,000 and Rs 200, after demonetisation

0
42
authorised to issue currency notes
Reserve Bank of India doesnot have any proof to have been authorised to issue currency notes. Wikimedia.

Mumbai, Oct 28: In what could be a bizarre situation, the Reserve Bank Of India (RBI) does not seem to have any official records to prove that it had authorised the issue of new currency notes in denominations of Rs 2,000 and Rs 200, after demonetisation, according to documents available through RTI.

“As per RTI replies provided by the RBI, the country’s central bank has apparently not published any Government Resolution (GR) or a circular till date to issue the new Rs 2,000 and recently, the Rs 200 currency notes,” says Mumbai-based RTI activist M.S. Roy.

Authorised to Issue Currency Notes.
Rs. 2000 note was issued by RBI who maynot ahve been Authorised to Issue Currency Notes. Wikimedia.

A May 19, 2016 document — roughly around six months before demonetisation — shows that the RBI’s Central Board of Directors approved a proposal put forth by its Executive Director on May 18, 2016.

This (proposal) pertained to the new designs, dimensions and denominations of future Indian bank notes, and the Board resolved to forward it to the central government for approval, as per extracts of the minutes of that Board meeting.

Essentially, this was carrying forward an earlier such proposal made on July 08, 1993 to introduce a new family of Indian bank notes of Rs 10, Rs 20, Rs 50, Rs 100 and Rs 500 of reduced sizes.

This old proposal (July 08, 1993) was approved at an RBI Central Board Of Directors meeting on July 15, 1993 as per a memorandum dated August 3, 1993 sent from RBI’s Central Office, Mumbai, to the Chief Officer, Department Of Currency Manager (RBI Mumbai), which was signed by the then Executive Director, A P Aiyer.

As per that proposal (of July 8, 1993), these new Indian currency notes of reduced size were to incorporate several fresh and enhanced security features in order to check counterfeiting, according to the same August 3, 1993 memorandum (quoted above).

Roy had also filed a separate RTI query on February 27, 2017, asking for documentation about photographs of Mahatma Gandhi which are not being printed on the Re 1 notes, but were being printed on all currency notes of denominations ranging from Rs 5 to Rs 2,000.

In reply to this particular query, the RBI provided resolutions of its board meetings held on July 15, 1993, July 13, 1994 and May 19, 2016.

authorised to issue currency notes
RBI had issued notes with no proof if authorised to issue currency notes. Wikimedia.

However, these resolutions talk about design features merely for Rs 10, Rs 20, Rs 50, Rs 100 and Rs 500, all of which bear the photographs of the Father of the Nation.

None of these RBI board resolutions make any references about design features or Mahatma Gandhi photographs for denominations of Rs 1,000, Rs 2,000 and now, the latest entrant to the Indian bank notes family, the Rs 200 currency note.

Hence, Roy said that if the RBI board resolutions never even discussed design features or Mahatma Gandhi photographs to be incorporated in Rs 1,000 notes (discontinued after demonetisation), Rs 2,000 denomination notes (introduced on November 8, 2016) and the subsequent Rs 200 notes (introduced in mid-2017), it clearly indicates that no official approval was granted.

He questioned that if no approval was granted for issuing these denominations, who authorised these denominations, their design, printing and distribution.

“If there has been no approval by the RBI Board, no supporting GR or any other known documentation in the public domain, then there is a big question mark about the legal validity and official (monetary) status of these notes — namely Rs.200 and Rs.2,000. The matter merits an independent investigation,” Roy said.

However, if such approvals do indeed exist, then the RBI and government must explain why these documents were not made available despite an RTI query or why they were not in the public domain. (IANS)

Next Story

Mahalaya: Beginning of “Devipaksha” in Bengali Celebration of ‘Durga Puja’

“Mahalaya” is the auspicious occasion that marks the beginning of “Devipaksha” and the ending of “Pitripaksha” and heralds the celebration of Durga Puja

0
1595
Mahalaya morning in Kolkata. Flickr
  • Mahalaya 2017 Date: 19th september.
  • On Mahalaya, people throng to the holy river Ganges in order to pay homage to their ancestors and forefathers; which is called ‘Torpon’
  • Mahalaya remains incomplete without the magical chanting of the scriptural verses from the ‘Chandi Kavya’ that is broadcasted in All India Radio
  • The magic is induced by the popular Birendra Krishna Bhadra whose voice makes the recitation of the “Chandi Kavya” even more magnificent

Sept 19, 2017: Autumn is the season of the year that sees the Hindus, all geared up to celebrate some of the biggest festivals of India. The festive spirit in the Bengalis all enthused to prepare for the greatest of the festivals, the ‘Durga Puja’.

About Mahalaya:

Mahalaya is the auspicious occasion that marks the beginning of “Devipaksha” and the ending of “Pitripaksha,” and this year it is celebrated on September 19.

Observed exactly a week before the ‘Durga Puja’, Mahalaya is the harbinger of the arrival of Goddess Durga. It is celebrated to invoke the goddess possessing supreme power! The goddess is invited to descend on earth and she is welcomed with devotional songs and holy chants of mantras. On this day, the eye is drawn in the idols of the Goddess by the artisans marking the initiation of “Devipaksha”. Mahalaya arrives and the countdown to the Durga Puja begins!

NewsGram brings to you latest new stories in India.

The day of Mahalaya bears supreme significance to the Bengalis. The day is immensely important because on this day people throng to the holy river Ganges in order to pay homage to their ancestors and forefathers. Clad in white dhotis, people offer prayers and take dips in the river while praying for their demised dear ones. The ritual is popular as “Torpon”.

Mahalaya
An idol-maker in progress of drawing the eye in the idol of the Goddess. Wikipedia

As per Hindu myth, on “Devipaksha”, the Gods and the Goddesses began their preparations to celebrate “Mahamaya” or Goddess Durga, who was brought upon by the trinity- Brahma, Vishnu, and Maheshwara; to annihilate the fierce demon king named Mahishasura. The captivating story of the Goddess defeating the demon got popularized with the goddess being revered as “Durgatinashini” or the one who banishes all the evils and miseries of the world. The victory of the Goddess is celebrated as ‘Durga Puja’.

Go to NewsGram and check out news related to political current issues.

Mahalaya remains incomplete without the magical chanting of the scriptural verses from the ‘Chandi Kavya’ that is broadcasted at dawn in All India Radio in the form of a marvelous audio montage enthralling the souls of the Bengalis. Presented with wonderful devotional music, acoustic drama, and classical songs- the program is also translated to Hindi and played for the whole pan-Indian listeners.

Look for latest news from India in NewsGram.

Mahalaya
Birendra Krishna Bhadra (1905-1991). Wikipedia

The program is inseparable from Mahalaya and has been going on for over six decades till date. The magic is induced by the popular Birendra Krishna Bhadra whose voice makes the recitation of the “Chandi Kavya” even more magnificent! He has been a legend and the dawn of Mahalaya turns insipid without the reverberating and enchanting voice of the legendary man.

Mahalaya will keep spreading the magic and setting the vigor of the greatest festival of the Bengalis- the Durga Puja, to worship the supreme Goddess, eternally.

                 “Yaa Devi Sarbabhuteshu, Shakti Rupena Sanhsthita,

                     Namastaswai Namastaswai Namastaswai Namo Namaha.”

– by Antara Kumar of NewsGram. Twitter: @ElaanaC

Next Story

Lack of Support from UK Schools further ‘Penalises’ Left-Handed Children

Handwriting experts opine that left-handed children encounter difficulties which hampers their development in the long term

0
18
Left-Handed Children
School Children. Wikimedia
  • Children are being ‘penalized’ for being left-handed in the UK 
  • Education Campaigners have warned that ministers lack the information to understand the scale of the problem
  • It is also a common assumption that a number of prisoners are left-handed

London, August 15, 2017: The Education campaigners in the UK have warned the lack of information among ministers is causing ‘penalty’ on left-handed children in the country.

The campaigners have more broadly accused the ministers of failing to understand the scale of the problem of classroom struggle and how it hampers the development of left-hand children.

Also Read:  11 Facts about Education System Around the World: Do they Prove to be Beneficial for Children?

There is now a demand for research to determine if classroom struggle triggers a sort of “downward spiral” that hampers the marks of children. Further, it is to be seen if their confidence and self-esteem is reduced and how it impacts their future opportunities.

The government of UK stands firmly with the national curriculum. The campaigners, on the other hand, are demanding that the left-handed pupil receive the kind of education that would match their needs. This proposal is currently non-statutory guidance.

[sociallocker][/sociallocker]

Nick Gibb, the education minister, said that the teachers need to ensure they provide education to pupils according to their needs.

Handwriting experts, however, opine that left-handed children encounter difficulties which hamper their development in the long term. They also suggest that teachers often fail to recognize these signs, and hence a training needs to be introduced.

“It’s bizarre kids in our schools are penalized because they happen to be left-handed. It’s bewildering successive governments have failed to act on this. It’s so easy to do,” Former Conservative Minister Sir Peter Luff told The Guardian.

Worcester based Left’n’Write is an organization that trains left-handed children. Their founder, Stewart, believes that there is a lack of teaching training. His organization has helped thousands of pupils with his talks and training.

Left-handed writing is now considered a disability, and hence there is no data of how many left-handed children are there in the country’s primary and secondary schools. However, it is estimated that 10% of the population is left-handed.

– Prepared by Saksham Narula of NewsGram. Twitter: @Saksham2394