Originally Posted by
GUWonder
Netas, not babus. Like with the demonetization, the above-mentioned (since aborted) restriction on Indian multiple entry visas was decided by an elected official.
Sorry GUWonder. First of all, you have no proof of the above. Secondly. common sense dictate that such details are formulated by career admin staff in almost ALL democracies not just India. (even UK and US).
Originally Posted by
GUWonder
Those questions assume that OCIs should know full well that they don't have all the advertised benefits of being an OCI.
There is no need to assume. RBI had posted its circular on its website, That page was linked on this thread and it was well discussed here. There is a VERY SPECIFIC FAQ about OCI eligibility and extremely clear answer about it. So person HAD ALL THE INFORMATION. It was his choice to still engage in futile exercise. No point in calling that decision as pickpocketing.
Agree with you that not honoring OCI-NRI parity pledge (which BTW still exist on Home Ministry website even today), is a leadership fault because even if original decision was made by babus at RBI, Modi Govt has let it stand.
Originally Posted by
GUWonder
maintaining investment exposure to India.
Agree. Learned my bitter lessons hard way in early 90s. Easier to gain investment exposure through US or UK based ETF.
Coming back to the topic, OCI may still get opportunity given there are 5 more months for NRI. But uncertainity makes it difficult to plan anything.