India have a strict process for sending and receiving money from outside as investment. Its mainly to avoid black money i guess.
India have a strict process for sending and receiving money from outside as investment. Its mainly to avoid black money i guess.
Many countries have similar controls; they're often represented as being anti-money-laundering, and anti-terrorism, but they are also used to control capital outflows, and improve tax compliance. I have never seen any evidence that this sort of control actually works to prevent money laundering or terrorist financing, but it does seem to help governments reduce monetary outflows and audit for tax compliance (when they bother to actually read what they receive).
Sounds like its not the maintainers problem :/
Given the impact of international terrorism and crime on India, minimising illicit money flow in and out of the country seems an inherently sensible precaution.
Indians are to blame for this. The indian goverment is dictatorial and has no expectations or respect of privacy or human rights
I don’t think it’s fair to conflate the people of India with their government
As a population they're responsible for picking their government.
We know democratic systems are barely working in little countries of 350 million people like the USA. Are we really surprised they are imperfect when scaled up to 1.5 billion people?
In the same way an adult is responsable for "picking" the religion they believe in, the one that it was imposed upon them by their parents during their childhood.