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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.
Which of the following rivers is the river precompiled?
Who was the first social reformer to view modern education as a vehicle for the spread of modern ideas in the country?
Kalamkari, the traditional art of hand paintings on fabric, originated in which of thefollowingstates ?
According to the Census of India 2011, how many "million-plus cities" were there in India?
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How many teams are there in the premier league of tennis in India?
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Match List-I (Name of the composition) with List-II (Writer).
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Which destroyer was deployed to Port Victoria, Seychelles to coincide with the Independence Day of the Seychelles on 29 June2022?