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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.
A) Furtive B) Trivial C) Futile D) Clandestine
...Recent history casts a remarkably sobering light on how much politicians can count on __________ arguments to hold sway over popular sentiment.
Fill the blank with the most appropriate word.
The principal wanted to meet me _____________theft in the school .
The yield has gone up …… this year while prices have fallen by half,……….. heavy losses to the chilli growers.
There is a store __________ our school.
Fill in the blanks with the most apt conjugation from among the options given.
People with sitting jobs_________twice the risk of cardi...
Kung felt that Konner's presence permitted this _____________ of the ethical rules.
Select the most appropriate option to fill in the blank.
My sister bought the ______ watch.
It took us hours to wake Willie from his ___________ stupor.
