Foreign missions concerned over lack of cash

Image
IANS New Delhi
Last Updated : Dec 08 2016 | 12:07 AM IST

After the Indian government demonetised the Rs 500 and Rs 1,000 notes a month ago, foreign missions here have concerns over the paucity of cash for running daily operations.

Dean of the Diplomatic Corps in India and Ambassador of the Dominican Republic Frank Castellanos here said on Wednesday that Rs 50,000 a week for the operation of an embassy was not enough.

He said that foreign missions here could not be stopped from accessing their funds and a solution to this was needed soon.

Last week, Russian Ambassador to India Alexander Kadakin wrote to the Ministry of External Affairs complaining about inadequate funds.

--IANS

ab/vd

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 08 2016 | 12:00 AM IST

Next Story