What is the limit on the amount of money for trade related transactions under RDA?
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.
How many fundamental principles are provided in section 3 of The Juvenile Justice (Care and Protection of Children) Act, 2015?
Which of the following is not an offence under IPC?
For the purpose of section 8 of the Banking Regulation Act which delas with the prohibition of trading what does the term goods mean?
As per Reg 5C of SEBI (Prohibition of Insider Trading) Regulations, 2015, Can the structured digital database be outsourced?
When a person asserts any fact before the court which gives rise to any legal right or liability, the burden of proof lies on__________?
When is a gang rape said to have been committed?
Which chapter of Indian Evidence Act deals with “Witnesses”?
A obtains property from Z by saying “Your child is in the hands of my gang, and will be put to death unless you send us 1 lakh rupess”. In this si...
Which Section (s) gives (s) protection to Judges and to those who carry out their orders against criminal process?
Surrender of certificate of security is made to the …