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Paypal India electronic bank withdrawal suspended
Paypal has suspended withdrawal of funds through NEFT due to regulatory requirements from August 1, 2010 as per the below announcements. http://www.paypal-apac.com/India/ http://www2.ebay.com/aw/in/201007.shtml#2010-07-28112238 Paypal account holders will only be able to withdraw funds by check from July 29, 2010. At … Continue reading
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File a consumer complaint in India
If you are unhappy with a product or service you have paid for, posting online will not help you, your complaint usually does not reach the seller. Approach the appropriate authority directly and if you do not get a suitable response, … Continue reading
Phone tapping, email interception in India
In the last few years, phone tapping and email interception has become rampant. This article on email interception and phone tapping in India explains how it is done. It appears that many times this facility is misused to harass people … Continue reading
Posted in business, crime, government, internet
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Paypal , Indian regulations and restrictions, April 2010
Many Indian personal and premier Paypal account holders appear to have received the following email: In compliance with Indian regulations, if you are selling products and services to customers globally, please review the following important information: • Any proceeds or … Continue reading
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India’s online economy.
From http://ibnlive.in.com/blogs/jaimonjoseph/326/61644/has-paypal-given-you-problems-yet.html One lakh seventy thousand Indians regularly receive or send money abroad, through the online banking website PayPal. Actually, about 1.6 million Indians are signed up for the service, though not all of them are regular users. That’s according … Continue reading
Posted in business, government, internet, media
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Making money online in India
Making money online gets tougher – covers the business models and problems faced making money online in India. I have noted some of my observations based on personal experience, since I have a pure play online business model. Basically internet … Continue reading
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Media coverage of Paypal India problems
Most of the media coverage of the Paypal problems in the Indian media have been just about RBI stopping Paypal operations, not about the inconvenience caused to the lakhs of Indian account holders. If a small co-operative bank collapses, RBI … Continue reading
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India’s biggest companies
India’s largest companies by turnover for Financial Year ending March 2009 (Amount in Rs crore) Top 6 Indian Oil – Rs 290,946 crore – Oil and Gas Reliance Industries – Rs 153,128 crore – Oil and Gas Tata Steel – … Continue reading
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Personal information for sale
From http://cryptome.org/isp-spy/yahoo-spy.pdf Federal law (See 18 U.S.C. § 2706) requires law enforcement to reimburse providers like Yahoo! for costs incurred responding to subpoena requests, court orders, or search warrants. • Basic subscriber records: approx. $20 for the first ID, $10 … Continue reading
Posted in cyberlaw, government, internet, law
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RTI act
Over the last week, I have realized how much freedom of speech you have in India and how much better most large Indian companies are compared to certain foreign organizations in so called democracies. Even if Rs 3 is wrongly … Continue reading
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