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