Originally Posted by
Billy001
Risk is everywhere, deal with it as your own decision to take that risk, at least partially if not fully.
Billy,
None of the posters here are upset about financial loss. This being FT, venting is norm as much as info exchange. Even credit risk traders who understood and took on credit risk as living, vented a lot when LEH went belly up. Unnecessary avoidable idiocity upsets any common lay man. Tendency to rationalize utter failures of political leaders or career bureaucrats as "risk of life" might be one of the contributory factors for the sorry state country finds itself in.
Keeping enough money handy for immediate use was both legal and prudent. (Everything shutdown because of death of politician or some kind of riots or 4 day long bank holiday was not unheard of) One certainly cant classify that legal prudent course of action as Financial Risk taking.
Originally Posted by
Billy001
either you spend valuable time and money to visit RBI, raise grievances/complaints to get it back or just treat it a loss or bad luck.
That's the crux. Some on this thread are venting exactly that - why are these the only choices? Expecting a democratic government holding its end of highly advertised (OCI parity with NRI) bargain should be the norm, not labelled as financial risk.