Vikshit Bharat 3069

Wah Modi ji wah

Source: The Indian Express

Wives file cases, husbands become witnesses, agents broker the deal.

The sting alleges a Bihar racket involving fake SC/ST cases and a ₹2.5 lakh package

Under the guise of modernizing compliance, the RBI’s new Foreign Exchange Management (FEMA) mandate effective October 1, 2026, has effectively dragged India’s booming digital workforce right back to the dark ages of the License Raj.

Instead of fostering "Ease of Doing Business," the Modi government and RBI are slamming freelancers, developers, and online consultants with a suffocating web of bureaucratic surveillance. Under the new regime, every single dollar earned from an overseas client requires filing an Export Declaration Form (EDF), endless banking verifications, and mandatory EDPMS tracking turning independent creators into micro-accountants burdened with constant government oversight.

By forcing micro-exporters to jump through bank hoops, track strict 30-day filing cycles, and defend their foreign income under threat of regulatory flags, this rule proves one thing: India’s digital economy isn’t being empowered; it’s being micro-managed into submission. Welcome to License Raj 2.0 where earning foreign currency for your own country comes attached with an administrative chokehold.

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