Indian governement & RBI is playing with common man of India. 1. First RBI implemented silly rules, which has now increased my expenditure around 4-8%, around Rs.2000-3000 extra i am paying via Credit card conversions for all services i buy online. 2. The another biggest thing which can bring the government and RBI to "SHAME" is its increased housing loan interest by 3% in just last 4 months. Another Rs.3000 increased in my expenditure. 3. To bring down the inflation its asking us to pay huge interest. 4. It clearly shows that we common people fund the Indian government and RBI and no one cares our problems. And the governement is not for common man. 5. Rs.6000-8000 is increased in my monthly expenditure due to the RBI. All these are because of scams and spineless government, people like me has to suffer. 6. A senior tax official says that next year RBI will implement strict rules that there will only 12 incoming transactions per year of foreign funds. SHAME - SHAME - They should care for people who pay tax and pay high interest on loans.
Well what can be done.... We the common man dont have a choice.... we are under the best governance possible out of whole politicians...
I agree with all points but what about below point-A senior tax official says that next year RBI will implement strict rules that there will only 12 incoming transactions per year of foreign funds According to this rule,we can only recieve 12 transactions in a financial year
1. RBI recently increased Repo rates. This means home loans get more costly. 2. Petrol prices are increasing. Diesel and gas cylinder prices are scheduled to increase. 3. They spent nearly Rs.10 crore on Kasab's security. I paid income tax last year (Assessment Year 2009-10) and did that money go into protecting terrorists??? I wonder where all the tax money really goes and how it's spent. Our government should answer these questions and look into these issues first. Inflation is constantly rising and everything is becoming more expensive.
The biggest problem is Corruption, our money lands in the pockets of people like Raja, Kanimozhi and Kalmadi. As far as this 12 transaction rule is concerned, I don't think this will be implemented as it will swipe away our economy's biggest stronghold - Software industry. ng
What hurts me a lot and bring a tear in my eyes is that without any fault of mine in last 3-4 months my expenditure shoot up by Rs-8000 And leave aside those petrol, gas, electricity charges and food rates. How can we say that we are governed good, infact we are been robbed of our hard earned money. Scams is what hurting common people a lot. There was a 1 hour discussion on "NDTV" news last night that Kanimozhi should be released immediatly as she is a woman and pride of Tamilnadu. She easily ate Rs.200 crore, and gets lots of support. The most respected lawyer Jethmalani supports her release cause. The NATIONAL TV NEWS CHANNELS should discuss about common people problem, not about releasing a economic criminal.
There is already a restriction by RBI on receiving the number of CASH payments from foreign countries through Western Union, Moneygram etc and that is 12 in number, The restrictions which you are referring to are already in force for cash transfers , As for receiving payments in through wire transfers and cheques from any foreign country, there will never be any restriction, Majority of the software companies in India receive their payments from foreign countries every second day.
Well, i don't know whether its already in place or not but their should be a petition which people like us can sign and show our protest again these CRAP government policies. i am already fed up by the recent PayPal thing which don't allow Indians to send money out of their balance on PayPal and now this other news. i don't know where exactly we are heading towards.
This is ongoing job for our government employees.They dont have strength to work but they can accept bribes for their needs. I was paying electricity bills which was by fault since the meter was over reading.when we asked the officials they just fooling it was right however it was false when conducted testing.This is normal in hyderabad still so many who are paying bills blindly.What does this poor people can do ?
Indian governement & RBI is playing with common man of India : No, its Paypal playing an irresponsible game. 1. First RBI implemented silly rules, which has now increased my expenditure around 4-8%, around Rs.2000-3000 extra i am paying via Credit card conversions for all services i buy online. A: Paypal didnt follow the rules. A payment processor can only receive money. You cant use it as a bank. Paypal had to register itself as a bank which it didnt do. 2. The another biggest thing which can bring the government and RBI to "SHAME" is its increased housing loan interest by 3% in just last 4 months. Another Rs.3000 increased in my expenditure. A: These are necessary to keep a stable economy. 3. To bring down the inflation its asking us to pay huge interest. A: You have to. How many of us honesty pay interest? Most of the COMMON MAN doesnt. 4. It clearly shows that we common people fund the Indian government and RBI and no one cares our problems. And the governement is not for common man. A: Citizens have to fund the government. If we dont pay the actual tax, how will the government run. Big tax non payers are caught, even black money is being dealt with now. But nearly every common man cheats about 500 - 1000 rs tax every month. Think how much are we cheating? 5. Rs.6000-8000 is increased in my monthly expenditure due to the RBI. All these are because of scams and spineless government, people like me has to suffer. A: RBI had to do this to stop the blackmoney. We shout against blackmoney but when rules are in place we then blame the govt. 6. A senior tax official says that next year RBI will implement strict rules that there will only 12 incoming transactions per year of foreign funds. A: This can never happen. If it does then the country's economy will come down to near 0 in 2 days!!!
The Reserve Bank of India (RBI) is slated to meet chief executive officers of various foreign banks next week to discuss customer grievances on credit cards. It has also agreed to induct representatives of the All India Credit Card Users Welfare Association in the working group constituted by it for forming regulatory mechanism for the credit cards industry. priya
RBI Should try to be more for normal people, but they are only for rich politicians not ordinary persons like you and me , so we have to pay those useless money to them.
Yes thats true I have a freind in India who left Indian Paypal account due to that and he registered paypal at Dubai as getting visa and company corporation in Dubai is not very difficult, you can do the same to avoid 3000 USD extra credit card fees.