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Rupee Drawing Arrangement (RDA) is a channel to receive cross-border remittances from overseas jurisdictions. This scheme is not used for cross-border outward remittances from India. There is no limit on the remittance amount as well as on the number of remittances. However, there is an upper cap of Rs.15.00 lakh for trade related transactions. No cash disbursement of remittances is allowed under RDA. The remittances have to be credited to the bank account of the beneficiary.
The finance ministry has increased the small savings rates for the September quarter of FY 24.Amongst the changes, the small savings rate for the five...
What is the primary objective of the MoU signed between the Technology Development Board (TDB) and the Small Industries Development Bank of India (SIDBI)?
Which of the following statement is/are not correct about the aims of Production-Linked Incentive (PLI) Scheme?
Which of the following showcased its latest solar - powered unmanned reconnaissance drone named ‘Suraj’?
Indian overnight index swap (OIS) rates showed a 10 month high due to offshore paying and triggering of stop losses, thus the swap rate hitting_______, ...
What is the primary objective of the Jammu and Kashmir Special Scholarship Scheme 2023 launched by the Indian Army as part of Operation Sadbhavana?
Which of the following is a feature of the Women Entrepreneurship Program launched by NSDC?
Who received the Satyajit Ray Lifetime Achievement Award at IFFI 2024?
Which organization has been announced to be granted the status of 'Mini Ratna' (Category-1) by Union Minister Dr. Jitendra Singh?
Which of the following public sector bank recently launch “Vyom App” where customers can do transactions beyond traditional banking?
