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To: Maurice Winn who wrote (64355)5/27/2005 5:20:27 PM
From: arun gera  Read Replies (1) | Respond to of 74559
 
>If money can't escape, it's unlikely to volunteer to go to prison. Go to India and die.>

It is now allowed to escape with some paperwork (with a passport, figuratively speaking). As a Non resident Indian , you can put your money in India in a foreign currency, and can repatriate it easily. However, if you put money in a rupee account it is difficult to get it back.

Much better than before, when top executives from indian companies had to break foreign exchange laws just for a couple of nights of stay when travelling outside India.

-Arun



To: Maurice Winn who wrote (64355)5/27/2005 8:28:57 PM
From: arun gera  Read Replies (1) | Respond to of 74559
 
Maurice,

<>//From what I read, India is only fiddling with freedom. Can money swoop in and out without reporting to anybody in a government department?>//

Why doesn't USA (or New Zealand) just have an open visa policy? Why restrict visa and green cards? Open it up! Encourage free movement of human resources.

For all your original thinking, you often find it difficult to break the barriers of your western upbringing.

-Arun


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