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Start learning 50% faster. Sign in nowRupee 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.
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Which of the following Scheme is not related to the Senior Citizen of India?
Which of the following Statements is/are True?
I- Competition Commission of India (CCI) is a statutory body of the Government of India.
<...Which of the following is not published by Labour Bureau in the Ministry of Labour and Employment?
Which of the following government scheme is implemented through Life Insurance Corporation?
Consider the following Statements.
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Consider the following statements:
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Who among the following are the beneficiaries of PM FME Schemes?
I- Micro Food Entrepreneurs
II- FPOs
III- SHGs
IV- Co-o...
The IndiaAI Mission, mentioned in the context of the Global IndiaAI Summit, focuses on:
Which of the following statements are True about various types of Deposits?
I- Demand deposits can be withdrawn at the wish of the depositor as t...