India - hellhole for businesses
- Thread starter sam2019
- Start date
This issue is just going viral in India, although it portraits the same one case it is very informative to read the comments under each video where other corruption victims share their experience. From my own experience (just one of many) - in the west people joke that police with speed cameras are "waylaying" drivers. Here the police openly asks for bribes if you are a traveler out of the region they are posted in, or else they will rip apart your vehicles interior in "search of criminal items" or just without any reason given. Gains are distributed thru the hierarchy so there is no point in complaining to any "higher ups". Trucks that have severe enough accidents are robbed by the police of their cargo over night. and so on, you get the picture. Its the wild west without the marshals.
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The Indian government, always busy to come up with new ways to make life more complicated (often without any visible gains for anyone) did it again: Now all bank have to comply with the KYC (know your customer) rule, which asks account holders to submit data to a central register that was known by the banks individually already. But there is a catch: now submitting an "aadhar card" is mandatory, at least in those cases where the procedure is online and automated - like in the case of PayPal which counts as a bank here.
Problem is: at the same time the geniuses at the Indian government decided that only Indian should get this card (previously anyone living here could get one).
This means all foreigner (like me) who do not already have one (like me) can not complete the KYC process for PayPal which will lead to termination of that service (in India ) on 11 of November this year.
Btw: I applied for a aadhar card on 11.11. 2023 (!!!) and because of corruption and plain stupidity have not received it yet and likely will not receive it before the deadline with the KYC issue.
There are various ways to circumvent this, all involve time, money and a lot of work. Did I mention India is a hellhole for business? Yeah!
Problem is: at the same time the geniuses at the Indian government decided that only Indian should get this card (previously anyone living here could get one).
This means all foreigner (like me) who do not already have one (like me) can not complete the KYC process for PayPal which will lead to termination of that service (in India ) on 11 of November this year.
Btw: I applied for a aadhar card on 11.11. 2023 (!!!) and because of corruption and plain stupidity have not received it yet and likely will not receive it before the deadline with the KYC issue.
There are various ways to circumvent this, all involve time, money and a lot of work. Did I mention India is a hellhole for business? Yeah!
Is it possible that the intention is to make life hard/impossible for foreigners to do business or just a policy to get more accountability from the local population, seems the world is closing in on itself.
