BUDGET—NRI
NRIs are treated in very unjust manner
NRI cannot subscribe to Public Provident Fund. Provident
Fund has been created “in order to inculcate the habit of thrift so that on
attaining the age of retirement persons can set back and use the PPF to continue
to live on this planet.
A person who has been contributing to PPF has to close this
account the moment he becomes NRI. Representations to the Department of
Economic Affairs (the nodal Ministry) have remained unanswered.
They cannot submit 15G or 15H.
NRIs are an asset to the Society. By being away from the country, they are not
a drain on the precious resources of the nation. On the contrary they bring into the country
the much needed Foreign Exchange.
Instead of getting special treatment for their contribution they are
treated as second class citizen.
Finance Ministry may kindly look into this unjust state of
affairs.
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