You may have seen my views on the dated laws of India here. So Finance minister became sympathetic(?) and generously increased the duty free gold limit.
So now a male passenger can carry Gold worth INR 50,000 or INR 100,000 if it's female passenger. So India allows people(A country with extremely Gold obsession) to travel with 15 Grams or 30 Grams of Gold.
The problem with Indian laws is it still thinks as if we are in 1940's or 50's. It's more like a pseudo socialist policies that's killing the economy. The babu's think that by creating this kind of laws, they are benefiting the poor. Reality is this is where the problems happening with middle class and the masses are getting frustrated. Gov itself gives many means to make money via corruption.
Would be interesting to see how it'll end up when the Minister travels with his family.
Image Source: The Hindu
So now a male passenger can carry Gold worth INR 50,000 or INR 100,000 if it's female passenger. So India allows people(A country with extremely Gold obsession) to travel with 15 Grams or 30 Grams of Gold.
The problem with Indian laws is it still thinks as if we are in 1940's or 50's. It's more like a pseudo socialist policies that's killing the economy. The babu's think that by creating this kind of laws, they are benefiting the poor. Reality is this is where the problems happening with middle class and the masses are getting frustrated. Gov itself gives many means to make money via corruption.
Would be interesting to see how it'll end up when the Minister travels with his family.
Image Source: The Hindu
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