Originally Posted by
Keyser
i couldn't agree more....
& while we are on the subject, the government (or rather one man) & the 'reverse' bank of india do another u-turn from their latest 19th december rule regarding the one time inr 5k deposits....they have thankfully scrapped that rule today....
i was reading somewhere that this would make it the 60th rule change since november 8th....this fact alone goes to show how stupid & under prepared the government (or rather one man) were to undergo this whole unnecessary exercise....
OMG - I was peacefully waiting to do this, but then had to travel abroad, so made a letter to have someone deposit the minimal amount I had in hand (mostly my kids savings), but they refused it and then my employees had to go around depositing the cash into their accounts, 5k at a time!
They were warning me that something like this was going to happen, but I had no time for this, trusting the original edicts!
Totally ridiculous.
Makes one scared to even do legitimate business in India...another possible "Emergency" perhaps?? (This is probably pretty close to what it used to me)