Corruptions siphon money out of India and they want to tax NRIs!

What a joke! The political babus in Indian Govt are trying every rule under the sun to tax NRIs. What for? So that they can take out the money out of India. In that case let them tax NRIs in dollars or Euros. Then, the task is easier.

Based on a recent research think-tank Global Financial Integrity calculates that about $462 billion of Indian tax payers’ money has been stashed in private bank accounts of Indian politicians, etc. This amount almost equals half of Indian GDP.

And they want to tax NRIs to ensure that the Government has more revenue to deploy in Indian growth story. Well first of all, let them bring back the $462 billion and deploy them for the benefit of Indian economy, which needs houses for its masses, good roads & bridges and a host of industries to produce goods and services India needs.

What a pity. Indian democracy has really become democrazy. There is no logic in some of the actions.

NRIs work outside India and the income is earned outside Indian jurisdiction. Many NRIs have their family back home and work abroad to send back hard earned money to support family. There is a clear failure to provide adequate job opportunities back home and still they want to tax NRIs, who were forced to become expatriates. Had the $462 billion deployed in Indian economy, many NRIs could have stayed back due to the economic growth that could have been created by this staggering amount.

The unending saga continues. The spectrum corruption cost tax payers about $5 bn and the political drama is in action. Ratan Tata has recently revealed that some minister asked for huge bribery to award aviation license.

NRIs should resist in every forum the recent proposal to consider a NRI as 'Resident for taxation', if he resides in India for more than 90 days (from the current rule of 180 days) in a particular year.

This is pure absurdity. All absurdities must be fought.