Migrants from Nepal Struggles To Cope With Demonetisation In India

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NEW DELHI: After Prime Minister Narendra Modi’s decision to demonetesize high-denomination currency notes the whole India is suffering but the demontesization has hit hard the tens of thousands of Nepali migrant workers employed in India as security guards, daily wagers, domestic helps and others who receive salary in cash, as they are struggling to cope with the situation.

Shyam Chaudhary a migrant from Bardiya district in Nepal, who works at a roadside restaurant in New Delhi, said it took a while before he understood the ramifications of the prohibition on 500 and 1,000 Indian Rupee notes by the Indian government on November 8.

“I am endeavoring to meet my everyday needs,” said Mr Chaudhary. “In addition, I am concerned how I will send cash back home,” the media cited him as saying.

Mr Chaudhary said numerous Nepalis like him were looking for assistance from companions who had ledgers.

“We are confronting a great deal of issues here,” he said.

Understudies who has bank accounts said they have not possessed the capacity to pull back cashas many of ATMs crosswise over India are running dry.

“We are taking the final exams. We are not able to get cash and are struggling for cash for autos and other expenses,” said Badal Basnet, a chartered accountancy understudy.

Numerous migrants send cash back home on month to month premise. Presently, with no new notes close by and the old Rs. 500 and Rs. 1,000 notes getting invalid, they think about how they will remit the income.

“The exchange has gone down definitely by 70 for every penny or something like that,” said Sunil Mishra, a delegate from Prabhu Money Bank, a Nepali settlement organization situated in New Delhi.

“We have prompted Nepalis who don’t have ledgers to utilize their companions’ records.”

There are around two million Nepalis living in New Delhi as it were.

Around 50,000 understudies every year touch base in India to seek after higher studies. There are numerous Nepalis who want restorative treatment, of them around 100 Nepalis come every day for wellbeing registration, the Post reported.

A Nepali government official, who was in India for restorative treatment, said he was trusting that his charge card would work at the healing facility.

“Be that as it may, tragically it didn’t. I needed to burn through five hours in healing facility and one of my companions paid the bill,” he said.

Nepal Rastra Bank (NRB), the national bank of the nation, has likewise banned the 500 and 1,000 Indian Rupee notes after the Indian government’s choice on demonetisation.

The NRB has said IRs 33.6 million in the division of 500 and 1,000 is inside the budgetary framework in Nepal.

The figure incorporates money stopped at vaults of banks, budgetary establishments and NRB.

As reported by the Federation of Nepalese Chambers of Commerce and Industry, a huge number of Nepalese who work in India remain to lose their whole investment funds if the now-scrapped notes are not supplanted with legitimate bills.