Clearing Up News on The Paypal (Problem) Issue in India

TO - MOD (deluxdon)
Not sure if this comprehensive article has been circulated here -- but just wanted all to know the real issue of the Paypal problem that is in India

http://www.nytimes.com/2010/02/11/business/global/11paypal.html?partner=rss&emc=rss

Please merge/delete if it has already been cited here.

 

That's the first news article which seems un-biased and gives the clear and correct news on the issue, rather than just the "paypal's view" of the issue (which came in the first blog post by Anuj, and had unclear/contradicting facts regarding the actual issues faced by Indian Paypal account holders)

 

oh my god......Alpa** Killaw**** is the reason for all the trouble ah???????

 

if this is the case it is wrong to curse paypal for this....RBI is responsible :madand its sad that even after paying the taxes we are suffering like this...really on RBI

 

OMG !!!!!!!! So it is really due to RBI ???

 

we all know how time consuming is to have a govt work done...i guess paypal will pack there bags off india rather than wasting there time

 

yes thats true.
******* govt we have

 

i was contacted by a journalist for an interview, but i chose to remain silent as i dont like publicity. Good to see the exact problem and thanks to nytimes article.

 

guys dont worry about obama's policies our indian govt and rbi will do the job for them..... they could have simply asked paypal to make it mandatory to have pan no or some other verficiation done rather than doing this...this is disppointing and this wont help atleast few of us were paying taxes on paypal..now if people start using payoneer then its ok??????

 

Paypal cant do anything, if they are forced to comply with the regulations. Atleast i am happy that they have worked hard!

 

Well i am really surprised with the corruption on the RBI level.
they never stop politicians from sending money to swiss bank but same time always have a watch on common peoples some $$ transactions.

 

You have hit the nail on the BUTT

Who says India is poor -- while our industrialists, bureaucrats and politicians can reserve $1.5 trillion in Swiss Banks and other foreign banks?

Check Here
http://www.merinews.com/article/is-india-poor-who-says-ask-swiss-banks/137213.shtml and THIS

http://www.mrv.net.in/images/stories/Campaigns/Stolen_Indian_Wealth_Abroad.pdf

On the other hand the Gross National Income (GNI) of our country is roughly around $.85 trillion

http://ddp-ext.worldbank.org/ext/dd...port?REPORT_ID=9147&REQUEST_TYPE=VIEWADVANCED

So these politicians//bureaucrats/industrialists are doing nothing for us but looting US

How do they LOOT US? - by compelling companies who became sort of our livelihood to comply to their so-called unjust regulations!

 

this came to me as a shock, seriously I mean common this is the last thing RBI could have had done.

 

Very informative. Really hope they restore at least the bank withdrawal option.

 

this is first time that we come to know whats the real problem is?
Paypal should have informed us clearing the picture.

 

RBI guys are saints. Even they are corrupt for sure.

 

Yes that's news is true, I got mail from Heather Timmons two days back from my website Contact Us option where Heather asked me some question and informed me with this issue. Heather is also in contact with RBI person. So we will get detailed information from Heather soon.

 

I already said in all of previous threads, that RBI is equally responsible. And Indian government is run by uneducated, selfish, brainless leechers who suck......

RBI is full of old idiots, who are puppets and act upon these illiterate politicos of India.

Sorry, being and Indian i am feeling shame of our system.