The Reserve Bank of India removed restrictions on individuals from opening interest-earning Foreign Currency Accounts (FCA) in order to make India’s International Financial Services Centre (IFSC) more attractive under which it has removed the condition of repatriating any funds lying idle in the FCA account for a period of up to _______
With an aim to make India’s International Financial Services Centre (IFSC) more attractive, the Reserve Bank of India removed restrictions on individuals from opening interest-earning Foreign Currency Accounts (FCA). Further, the central bank removed the condition of repatriating any funds lying idle in the FCA account for a period of up to 15 days. In February 2021, the RBI allowed resident individuals to make remittances under the Liberalised Remittance Scheme (LRS) to IFSCs set up in India. However, the remittances were to be made only for making investments in IFSC securities. Moreover, only a non-interest-bearing FCA was allowed in IFSCs under LRS. And any funds lying idle in the account for a period up to 15 days from the date of its receipt were to be immediately transferred back to the domestic account of the investor in India.
International Labour Organization's Conventions 138 and 182 are related to?
Pradhan Mantri Awaas Yojana- Gramin (PMAY-G)’s objective is to achieve the objective of “Housing for All” by _____________.
Consider the following statements regarding National Gokul Mission:
I. It is being implemented for the development and conservation of indigenous...
Which of the following is/are the indicator/indicators used by IFPRI to compute the Global
Hunger Index Report?
1. Undernourishment
How many countries use the euro as their official currency in the European Union?
Which of the following statements regarding stocks and flows is/are correct?
1. Money supply is a stock whereas income is a flow.
2. GDP i...
Which of the following statement is correct regarding One Nation One Ration Card (ONORC)?
The Pradhan Mantri Gram Sadak Yojana (PMGSY) was launched in ___________.
Which of the following can aid in furthering the Government’s objective of inclusive growth?
(1) promoting self help group
(2) promoting...
Consider the following Statements.
(I) Co-operative banks in India are registered under the State’s Cooperative Societies Act.
(II) Regu...