NRI remittance fee a grave injustice : Punjab ex-CM

Former Punjab Chief Minister Rajinder Kaur Bhattal said the NDA government led by Narendra Modi this year started charging a service tax of 12.36 percent as a foreign remittances fee, which is a grave injustice to NRIs. The Punjab Congress also called it a grave injustice and questioned chief minister Parkash Singh Badal's silence on the issue. Bhattal warned the central government that the decision will negatively impact NRI plans to remit money to India as the additional transaction cost will drive them towards illegal money channels like hawala, or to invest in countries other than India. A majority of Punjabi's send money from abroad to their families at regular intervals to sustain the families back home. Now after the burden of this levy, an additional cost has to be borne by these persons.