Skip to main content

RBI chlipped the wings of PayPal

You are based in India and get paid via PayPal for your services. The money gets deposited in your online PayPal account.

You can use that money in three Different ways – 
  1.  You can either transfer it to your local bank account in India. 
  2. You can do some online shopping with that money. 
  3. It accumulates in your PayPal account.

 In India the money you getting by PayPal is Often taxable and unless you self-declare it or transfer it to the bank. The India tax authorities won’t have a clue about your online money in you PayPal Account.

It is possible that a large number of PayPal users in India weren’t reporting their PayPal earning in their tax returns. This may have prompted the Government/RBI to enforce the rules that money should be transferred in Indian bank account as soon as it comes to your PayPal account. 

RBI don’t have freedom to closely monitor the operations of PayPal in India. PayPal works more or less like an online bank -  you can deposit money, you can withdraw money and can make payments. These operation is not monitors by RBI due to restricted freedom. That could have been another reason for the “shut down” Paypal in India.

Popular posts from this blog

Google Translate, Now With Voice Input

Google Chrome 11 added support for HTML speech input API. " With this API, developers can give web apps the ability to transcribe your voice to text. When a web page uses this feature, you simply click on an icon and then speak into your computer's microphone. The recorded audio is sent to speech servers for transcription, after which the text is typed out for you." Google Translate is the first Google service that uses this feature. If you use Google Chrome 11 Beta , Google Chrome 12 Dev / Canary or a recent Chromium build and visit Google Translate (Click Here) , you can click the voice input icon. Right now, this feature only works for English, so you need to select "English" from the list of input languages.

Google Calendar's Favicon Changes Every Day

When Google Calendar changed the Favicon , many people wondered why it only shows 31 . "Does it mean that starting today, every day will be the 31st ? Seriously, favicon should be changed everyday to match the date," suggested a Google Calendar user. Google listened to the feedback and the favicon will now change Every Day. "When you look at the Google Calendar icon at the top of your browser window, it will no longer always display 31 but will instead change to reflect the current day of the month. Today's date is now always a short glance away." Google Calendar is the first Google service that has a dynamic favicon, but you can change Gmail's favicon to show the number of unread messages . Click to Enable button.

Upload and View Videos in Google Docs

Google Docs , It is the popular cloud based Office Suit of Google . Google has been continuously adding new features for his users in Google Docs. Recently Google made Docs more advance by adding the uploading, storing and viewing video feature to Docs. Here is the way how you can upload and view video in Google Docs. Google provide 1GB space for upload a video with the maximum resolution of 1920x1080. It also supports multiple formats like WebM , MPEG4, 3GPP and MOV files, AVI MPEGPS, WMV and FLV. To upload a video just click on upload button at the left top. To watch your Uploaded video simple click on the file from your document list.