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Banned Indian notes in Nepal’s financial system will be exchanged soon: Arun Jaitley

In his two-day visit to participate in the Nepal Investment Summit, Jaitley said that the scrapped Indian notes in Nepal's system will soon be exchanged

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Finance Minister of India, Arun Jaitley, wikimedia
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Kathmandu, March 2, 2017:  India’s Finance Minister Arun Jaitley on Friday said the currency notes scrapped by his country on November 8 last year but still in Nepal’s financial system will be exchanged soon.

Interacting with journalists here, Jaitley said he has not yet received a study report prepared by a two-member team of the Reserve Bank of India that visited Nepal to take stock of the situation in this regard.

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“It is our central bank’s autonomous decision,” he said.

Jaitley is in Kathmandu on a two-day visit to participate in the Nepal Investment Summit-2017.

Nepal has been repeatedly urging India to make arrangements to tackle the circulation of Rs 500 and Rs 1,000 notes demonetised by India. The RBI team visited Bhutan too for the purpose.

The Minister said the Nepal Rastra Bank (NRB) and the RBI are already in talks on the issue.

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“The banned currency will be exchanged but precaution should be taken to ensure that genuine transactions take place. I’m sure they will come out with a scheme (to provide exchange facility),” Jaitley said.

India’s Prime Minister Narendra Modi announced on November 8 that his government was withdrawing from that midnight the high-value currency notes from circulation to crack down on, what he said were, rampant corruption, counterfeit currency and terror funding.

Following the demonetisation decision, the NRB too banned the circulation of old Rs 500 and Rs 1,000 notes in Nepal from the very next day.

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Referring to the investment summit, the Minister said it will attract foreign investments in Nepal as well as boost commercial cooperation in South Asia as planned.

Jaitley paid courtesy calls on President Bidhya Devi Bhandari, Prime Minister Pushpa Kamal Dahal ‘Prachanda’, and Finance Minister Krishana Bahadur Mahara, among others, and reiterated India’s commitment to Nepal’s developmental endeavours. (IANS)

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FIFA World Cup 2018: Indian Cuisine becomes the most sought after in Moscow

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Indian cuisine in FIFA World cup
Indian dishes available in Moscow during FIFA World Cup 2018, representational image, wikimedia commons

June 17, 2018:

Restaurateurs Prodyut and Sumana Mukherjee have not only brought Indian cuisine to the ongoing FIFA World Cup 2018 here but also plan to dish out free dinner to countrymen if Argentina wins the trophy on July 15.

Based in Moscow for the last 27 years, Prodyut and Sumana run two Indian eateries, “Talk Of The Town” and “Fusion Plaza”.

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Both restaurants serve popular Indian dishes like butter chicken, kebabs and a varied vegetarian spread.

During the ongoing FIFA World Cup 2018, there will be 25 per cent discount for those who will possess a Fan ID (required to watch World Cup games).

There will also be gifts and contests on offers during matches in both the restaurants to celebrate the event.

The Mukherjees, hailing from Kolkata, are die-hard fans of Argentina. Despite Albiceleste drawing 1-1 with Iceland in their group opener with Lionel Messi failing to sparkle, they believe Jorge Sampaoli’s team can go the distance.

“I am an Argentina fan. I have booked tickets for a quarterfinal match, a semifinal and of course the final. If Argentina goes on to lift

During the World Cup, there will be 25 per cent discount for those who will possess a Fan ID (required to watch World Cup games).

There will also be gifts and contests on offers during matches in both the restaurants to celebrate the event.

FIFA World Cup 2018 Russia
FIFA World Cup 2018, Wikimedia Commons.

“We have been waiting for this World Cup. Indians come in large numbers during the World Cup and we wanted these eateries to be a melting point,” he added.

According to Cutting Edge Events, FIFA’s official sales agency in India for the 2018 World Cup, India is amongst the top 10 countries in terms of number of match tickets bought.

Read more about Indian cuisine abroad: Hindoostane Coffee House: London’s First Indian Restaurant.

Prodyut came to Moscow to study engineering and later started working for a pharmaceutical company here before trying his hand in business. Besides running the two restaurants with the help of his wife, he was into the distribution of pharmaceutical products.

“After Russia won the first match of the World Cup, the footfall has gone up considerably. The Indians are also flooding in after the 6-9 p.m. game. That is the time both my restaurants remain full,” Prodyut said.

There are also plans to rope in registered fan clubs of Latin American countries, who will throng the restaurants during matches and then follow it up with after-game parties till the wee hours.

“I did get in touch with some of the fan clubs I had prior idea about. They agreed to come over and celebrate the games at our joints. Those will be gala nights when both eateries will remain open all night for them to enjoy,” Prodyut said.

Watching the World Cup is a dream come true for the couple, Sumana said.

“We want to make the Indians who have come here to witness the spectacle and feel at home too. We always extend a helping hand and since we are from West Bengal, we make special dishes for those who come from Bengal,” she added. (IANS)