Open letter to RBI
Dear RBI,
Thanks you for taking me to the stone age. Please send me some leaves so that I can tie them around and shout RBI ki Jai!
Do you people have any knowledge about how the internet operates?
Do you people have any knowledge about how internet freelancing works?
Do you people have any knowledge about how internet payment system works?
Do you understand the business concept: Client is the King!
Now when 90% of the internet transactions happen via Paypal and 90% of the people/clients prefer to pay by Paypal, you super brilliant organization is asking me to sacrifice 90% of my client and expect me to operate profitably to bring valuable Foreign Exchange to India.
Won’t you ask TCS, WIPRO, INFOSYS and other mega companies to receive payments in chunks of $500? If not, do they pay any commission to you?
Do you people believe all the servers hosting websites are located in India?
Are you in a dream land where internet transactions thru Indian Credit cards is reliable? Don’t you know that most of the Indian Credit Card transactions never becomes a successful.
So you are disenfranchising Indians from having websites? This is the pathetic situation of IT minded people in the Land of Free speech. Bravo RBI.
Do you understand that having few websites and paying up for the registration, renewal and hosting fees alone will reach the credit card limit?
Are you sure about the effect of your policies on the Internet Entrepreneurs?
Have you people ever heard about a species called Internet Entrepreneurs?
If you cannot answer these questions properly then it should be you who are roaming around the corridors of RBI with leavers tied around you.
I am going to publish this article all around the internet as much as I can.
Thank you.
Hi Visitors, Please share this letter with your contacts to let the world know about our Stone Age RBI.