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According to data released by the RBI, outward remittances under the scheme increased by 26.09 per cent to $9.23 billion in the second quarter (Q2) of 2023-24 (FY24) from $7.32 billion in Q2 of 2022-23 (FY23). According to the monthly data, international travel, which accounted for nearly 57 per cent of the entire outward remittance by Indians under the scheme, rose by 34.38 per cent year-on-year (Y-o-Y) to $5.22 billion. The remittances for the purchase of immovable property expanded by nearly 56.53 per cent to $60.31 million in the period under review from $38.53 million in the year-ago period. At the same time, investments in the equity and debt market saw a 90 per cent Y-o-Y increase to $360.59 million from $189.78 million. The outward remittance by Indians under the maintenance of close relatives rose by 23.30 per cent to $1.22 billion from $989.89 million, whereas for gifts, it increased to $886.55 million from $681.37 million. On the other hand, remittances for other activities dropped by 24.72 per cent Y-o-Y to $88.09 million from $117.01 million in the April-September quarters of 2021-22. Similarly, the amount for medical treatment slipped down to $13.48 million. Remittances for studies abroad slid to $1.15 billion.
None of his sons is mature enough to adept to new circumstances.
In the question below, a sentence is given, four words have been highlighted in bold. Find out if the words are appropriate (grammatically and contextu...
In each of the questions below, a sentence is given with four words highlighted in bold in the sentence. Among these bold words, one may be wrongly spe...
Select the correctly spelt word.
In each group, one word is correctly spelt. Find the correct word.
The more money the governments pored into it, the harder it was to walk away.
...Choose the correctly spelt word.