NEPAL TO GET 100CR IN IN­DIAN NOTES TO TIDE OVER SHORT­AGE

Hindustan Times ST (Mumbai) - Live - - FRONT PAGE -

In­dia has agreed to pro­vide Nepal bank notes of Rs 100 de­nom­i­na­tion worth a to­tal of Rs 100 crore to tide over a short­age of In­dian cur­rency, a spokesper­son for the coun­try’s cen­tral bank said. The cur­rency will be sup­plied to Nepal’s Ras­tra Bank by the RBI by the end of Jan­uary, said spokesper­son Narayan Poudel.

ac­counts within the fort­night.

All th­ese de­posits — cash or through wire trans­fer — were be­low 2 lakh. The gov­ern­ment had an­nounced any de­posit of more than 2.5 lakh would be scru­ti­nised by the in­come tax depart­ment.

“We are in­ves­ti­gat­ing some of th­ese cases. We are sus­pect­ing cash de­posits were parked

in un­claimed ac­counts with the col­lu­sion of bank of­fi­cials,” said a tax of­fi­cial, re­quest­ing anonymity.

The Re­serve Bank of In­dia did not re­spond to HT’s emails seek­ing com­ments on whether it sus­pected wrong­do­ing by bank of­fi­cials or was in­ves­ti­gat­ing any of them.

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