Connect with us

News

Indians still struggling under Narendra Modi’s Currency Ban

Published

on

Waiting outside a bank in Amritsar, India, to exchange 500- and 1,000-rupee notes. Credit Narinder Nanu/Agence France-Presse — Getty Images

Waiting outside a bank in Amritsar, India, to exchange 500- and 1,000-rupee notes. Credit Narinder Nanu/Agence France-Presse — Getty Images

SAN FRANCISCO (Diya TV) — A student in Malegaon in India’s western state of Maharashtra said he was required to stand in line for six hours to exchange banned rupee notes. By the time he got to the front of the line, Junaid Ahmed said the bank had run out of new bills.

The same happened to Milan Odedara, a software engineer from Gandhinagar, the capital of Gujarat, however, he felt standing in line was worth the wait. “At least for some years, black money holders will live in fear for what’s coming next for them,” he said.

All this after Prime Minister Narendra Modi banned Rs. 500 and 1,000 notes (worth about $7 and $15) in an effort to crack down on corruption and tax evasion.

However, the change caught the nation’s people off guard, forcing many of them to scramble to exchange their bills and secure enough cash for their daily needs. Some of the more affluent residents who have stockpiled their cash have resorted to creative methods to quickly spend their money.

The New York Times recently polled more than 750 Indians, asking them to describe how their life and the lives of their families has changed since the demonetization.

“My husband’s parents are both above the age of 60 and do not own credit or debit cards. They withdraw large sums of money at a time and use them for household expenses so as to limit the multiple trips to the bank. They both are not physically able to even stand in a queue, but they did it.”

Apurva Kalidendi, a homemaker in Bangalore

“We cannot buy things from nearby shops anymore because they don’t have bills of higher denomination. So we head to malls or supermarket where we can pay using credit card and debit cards. Small businesses have taken a hit.”

Aditya Mishra, a student in Amritsar

“For my parents, it was bit of a discomfort. My father had to take one full day off from his work to deposit and exchange old bills that he had. Same goes for my grandparents. Local vegetable vendors stopped setting up stalls as they don’t have cash to buy from farmers. Even though they have new bills of 2,000 rupees, they can’t use them unless the other person has enough cash to return the change.”

Ashish Dubey, a software engineer in Bangalore

“While I agree with the motive behind the move, I really question whether the government was prepared to implement the new scheme. The government seems to be changing the policy every day, which feels like there’re making it up as they go along. Better preparation would have made this so much easier. The worst affected are those who don’t even have bank accounts, making it so much harder to change their notes.”

Riyan Vatcha, a student in Jodhpur

Information from The New York Times contributed to this report.

News

Missing Hindu woman found mutilated in Pakistan

Published

on

SAN FRANCISCO (Diya TV) – The mutilated body of a Hindu woman was found in a field in southeastern Pakistan. Police say 40 year old Daya Bheel was murdered in the latest suspected attack against minorities in the Muslim-majority country. Authorities say they have arrested some suspects but have not determined a motive.

The Khosla family has donated nearly 2 million dollars to the Nudge Institute to help fight poverty. The philanthropists have donated millions of dollars for many other causes.

And disgraced FTX founder Sam Bankman-fried pleaded not guilty to eight different counts of wire fraud, securities fraud, and conspiracy before a U.S. federal court in the Southern District of New York. U.S. prosecutors allege that under Bankman-Fried’s direction, FTX, once considered one of the largest and most-trusted cryptocurrency exchanges, transferred billions in customer assets to his trading firm, Alameda Research. If convicted of these charges, Bankman-Fried faces up to 115 years in prison.

Ravi Kapur contributed to this report.

Continue Reading

News

Christmas crash kills Indian American toddler

Published

on

Tragic news out of Nevada. Authorities say an Indian American toddler has died in a devastating Christmas day car crash and his mother is in critical condition fighting for her life. Authorities say the accident happened on a busy Las Vegas boulevard and they were returning home from a trip in California.

Anil Beephan is now the first Indian American Republican ever to be elected to the New York State Assembly in Albany. So far only Indian American Democrats have been elected to the state legislature. Beephan will also become the first minority to represent Dutchess County and at 29 years old, he’s the youngest GOP rep in the state legislature. He’s currently in the tech industry and has also worked as a volunteer firefighter.

Vice President Kamala Harris has named Indian American Rajeev Badyal to a key national advisory group, responsible for strategy and recommendations to improve and maintain space policy. Badyal already works for Amazon, helping launch satellites into orbit. 

Ravi Kapur contributed to this report.

Continue Reading

News

EXCLUSIVE: Warriors host first-ever Bhangra Night

Published

on

SAN FRANCISCO (Diya TV) – The Golden State Warriors first-ever Bhangra Night made its debut during the Warriors-Jazz game at the Chase Center in San Francisco. The Warriors say it’s a chance for the team to connect with the Bay Area’s rapidly growing South Asian community and fan base. Only Diya TV was on hand to capture the festivities. This change from the annual Bollywood night was supposed to take place in 2020 but was postponed because of the pandemic.

A federal jury in San Francisco has convicted Sivannarayana Barama of insider trading. Authorities say he used the quarterly financial performance of Palo Alto Networks before that information was released to the public and then traded in that company’s stock while that information was still confidential. Barama worked in IT for several Silicon Valley companies.

U.S. Border Patrol caught more than 4000 Indians illegally crossing the Mexico border in October and November. That’s more than double compared to the same time frame last year. An Indian man recently died climbing a border wall in Texas. The Biden administration is struggling to contain a surge of illegal immigration at the southern border.

Ravi Kapur contributed to this report.

Continue Reading

Trending

Diya TV , Inc. © 2017 All Rights Reserved