Question
Outward remittances under the Liberalised Remittance
Scheme (LRS) of the Reserve Bank of India (RBI) surged ___ per cent in the April-September 2022.Solution
Outward remittances under the Liberalised Remittance Scheme (LRS) of the Reserve Bank of India (RBI) surged almost 50 per cent in the April-September period of the current financial year as compared to the same period of the previous year. According to the latest data released by the Reserve Bank of India, resident Indians remitted $13.4 billion during the period as compared to $8.9 billion in the previous financial year.During the second quarter of FY23, remittances stood at $7.3 billion, compared to $5.2 billion a year ago. The data also showed that travel-related remittances were the highest in the July-September period followed by maintenance of close relatives.
Why is the African Union planning to launch a new African credit rating agency?
Which organization is supporting the third phase of the Thalassemia Bal Sewa Yojana as part of their Corporate Social Responsibility initiative to comme...
Who will chair the National Task Force (NTF) for the security of healthcare professionals?
What is the main objective of introducing Goods and Services Tax (GST) by a government?
What is the primary goal of India’s Automotive Mission Plan 2047 (AMP 2047)?Â
What is the main focus of the 'dual year' initiative between India and Spain in 2026?
Recently, Central Intelligence Agency has appointed whom as its chief technology officer?
An OIML Pattern Approval certificate is mandatory to sell a weight or measure in the international market, which the Department of Consumer Affairs can ...
Which bank was fined ₹3 lakh for granting loans to directors and non-compliance with Customer Due Diligence (CDD)?
Wicketkeeper-batsman, Quinton de Kock, announced his retirement from Test cricket with immediate effect. He belongs to ___________.
Relevant for Exams:
