For some time I have been thinking of dedicating this small and useless space for corruption. Sadly many prefer to equate corruption to politics. I would prefer to say our whole system is corrupted and decayed.
If any one reading this please contribute and let's atleast create some awareness.
RBI under the pretext of falling rupees value removed the ceiling of NRE rates. Now the banks have increased the rate even up to 9%. The irony is NRE accounts are exempted from tax in India.
Are we Indians who toil away idiots to pay taxes while a rich NRI get the same interest rate and escape the tax.
Or am I seeing RBI opening a new avenue for tax evasion?