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MoneyWell 🇮🇳 l Everything Finance 💰

@MoneyWell_

I write about personal finance, investing & everything related to money.
Financial Literacy Joined January 2021
303 Following 14K Followers 7.9K Posts

Latest posts 5

MoneyWell 🇮🇳 l Everything Finance 💰 @MoneyWell_
From the bottom to the top of the ladder, everyone is involved. There's no "Ease of doing Business" in India. Doing business in India feels like doing a Crime.
Aaraynsh Verified account @aaraynsh Apr 19
Two GST Class-2 officers seized a transporter’s lorry, and demanded ₹55 lakh bribe. The lorry owner called the ACB helpline. ACB set up a trap and caught both officers taking ₹10 lakh.

They were Class-2 inspector, yet they had the audacity to ask for ₹55 lakh from one person. Imagine the scale of corruption behind this.

There are hundreds of such inspectors posted across India. They regularly deal with hundreds of people and files. If this is the kind of money being asked in one case, think about the total volume.

₹55 lakh in India is not a small amount. For a middle-class family, that’s 7–10 years of income.

When you go out to buy a flat or land after years of saving and get quoted ₹1 crore for a 2BHK in a metro, remember, they are your competitors who are fueling the market.
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