Question
Consider the following statements about liberalised remittance scheme (LR
- S : (1) The Scheme enables parents to send money to their child studying abroad. (2) Under the scheme, all resident individuals, including minors, are allowed to freely remit up to USD 2,50,000 per financial year. (3) It was at an all-time high in FY22. Which of the statements given above is/are correct?
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