Good new for all India PayPal users! I just received an email from PayPal that the "electronic withdrawals" is now back.
"While we've received your appreciation for advanced notice and refund of the cheque processing fee, we also have heard loud and clear that you highly value ease-of-use of our electronic withdrawal service. Our customers are our number one priority and we're working tirelessly to improve our service.
Thank you for your patience and in appreciation for your continued support, we'll still provide the $5 USD processing fee refund for any cheque withdrawals made from July 29, 2010 until further notice."