Question
What is the limit on the amount of money for trade
related transactions under RDA?Solution
Rupee Drawing Arrangement (RDA) is a channel to receive cross-border remittances from overseas jurisdictions. Under this arrangement, the Authorized Category I banks enter into tie-ups with the non-resident Exchange Houses in the FATF compliant countries to open and maintain their Vostro Account. The cross- border inward remittances into India under RDA is primarily on private account. The remitter and the beneficiary should be individuals barring a few exceptions. Remittances through Exchange Houses for financing of trade transactions are also permitted up to certain limit. 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.
Who is the mother of D, in the given arrangement?
Pointing to a boy, Priyanka said, "He is my husband's only daughter's father's
father-in- law's son's son". How the father of the boy related to Priyanka?
How is P related to H? Â
There are six persons, Z, D, T, H, L and A, in a family. A is the paternal grandmother of Z. T is the sister of L. D is the father of T. Z is the only s...
Which among the following option(s) is/are definitely true?
___ is the mother of E?
How is S related to Q?
What is the relation of E with respect to G?
How is G related to the wife of L?
Who is the father of S?