Oh No : It’s a dissapointment that XOOM.com will no longer allow an Indian living in India to withdraw money from paypal through their website. This is a huge blow to the Indian freelance community who saw XOOM’s new service as a blessing.
I won’t blame XOOM, its their Indian partner Wall Street finance, part of the Patel group, who is posing a problem. They say this violates the RBI guidelines. *What bullshit ! * When an Indian professional in the US is allowed to send across money to India, why is an Indian residing in India denied the same opportunity. Can’t an Indian staying in India send across money to his parents for personal expenses? Why is there this discrimination?
The funny thing is that XOOM is extremely interested in continuing with the service. Its the Indian partner who is being spoilsport. I was pleasantly surprised when an executive from XOOM’s US office called me up to apologise for the termination of service and took great effort to explain to me why they had to do so. The indian partner, Wall Street finance, didnt even bother to send an email. Bah!
I have written in to XOOM advocating the continuance of this service. Lets hope things get resolved soon.
The Rise of India : There’s this nice cover story in BusinessWeek on how Outsourcing is becoming a tricky issue in the US. An interesting read on how India’s brain power is reshaping corporate amercia and why most US companies are beating a path to India.
Strange things happen. I switch on the TV this evening and reach out for the TV remote. The remote was so hot that it nearly scalded my fingers. The plastic casing had melted in the high heat. I never knew these sort of things happen to remote controls.
I got interviewed by Indian Express. Susan, the journalist has written a well researched article on blogging and how people are taking up to it. The article appeared on tuesday’s edition ( dec 16th). I’m yet to get hold of its online link.
Did you know? There is a new rule from the banking authorities in India that all transactions made through credit cards will have to be authenticated by the user with a transaction password. So if you are planning to buy anything online, you will need to get hold of your bank or credit card company to have your transaction password. I saw this new information in Net4domains.com site.