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8
November 2017
 |
Demonetisation (The Total Investment & Insurance
Solutions)
A
year after demonetisation, scrapped Rs 500 and Rs 1,000 notes continue to find
their way into donation boxes at some temples in Odisha.
Unable
to dump their old currency notes, devotees are dropping the demonetised notes
in donation boxes at Jagannath Temple in Puri and Lingaraja Temple in
Bhubaneswar. The deadline for exchange of demonetised notes expired on December
30 last year. The Total Investment & Insurance
Solutions
Now,
the temple trustees are worried about how to encash the devalued denominations. The
Total Investment & Insurance Solutions
"We
have received about Rs 18 lakh in demonetised notes as offerings," said
Pradeep Kumar Das, administrator of Shree Jagannath Temple Administration
(SJTA). The Total Investment & Insurance Solutions
"We
had urged the Reserve Bank of India to request the Finance Ministry for
exchange of the banned notes. However, the RBI expressed its inability saying
that the rule is applicable for all." The Total Investment
& Insurance Solutions
He
said the Managing Committee would decide on the fate of the banned notes.
Of
the Rs 3-4 lakh that the temple receives in donations on an average every day,
about Rs 3,000 to Rs 5,000 is in old notes.
"We
have kept the old denomination notes in our temple chest after the RBI refused
to take up the matter with the Union government. We don't know what would be
the fate of the notes. The Managing Committee may request the government or
dispose of the notes in any other way," said Das.
He
said they can't stop devotees from dropping old denomination notes in the
temple 'hundi' (donation boxes). The Total Investment & Insurance
Solutions
"They
are donating the old notes in the hundi. We also receive donations directly at
our office and give receipts to the donors. Since the old Rs 500 and Rs 1,000
notes are no longer valid, we are not accepting these notes at the
office," he added. The Total Investment & Insurance
Solutions
Interestingly,
the Supreme Court had in July this year asked the Centre to offer one last
chance to persons still stuck with old notes because of genuine reasons. The
Centre, however, had declined to open another window for exchange of the
demonetised notes. The Total Investment & Insurance
Solutions
The
government has notified a law that makes the holding of more than 10 scrapped
notes punishable with a minimum fine of Rs10,000.The Total Investment & Insurance Solutions
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