Business

Monday, September 9, 2013

Allow the Business account holders to keep and pay 50% of their money coming to the PayPal account.



I would like to talk to the RBI authorities and convince them the following points.
1. Allow the Business account holders to keep and pay 50% of their money coming to the PayPal account. Because many of us are hiring and paying our international employees through PayPal which is not possible now and we are in the verge of closing down.
2, 50% RBI can automatically withdraw and give local currency to the account holders.
This has a positive effect.
First of all we will be able to run international business something will generate more international revenue and employment and recruit more employees which will indirectly benefit the Govt. getting more dollars.
So keeping 50% of dollars and allowing us to pay to anyone through PayPal is naturally will help Business growth and more revenue from Dollar account will help the govt. Since recession and current account deficit is high the Govt. can come out with this solution to encourage everyone to earn more dollars.

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