Question
In what year was the Liberalised Remittance Scheme (LRS)
introduced?Solution
The Liberalised Remittance Scheme (LRS) was introduced on February 4, 2004. It allows all resident individuals, including minors, to freely remit up to USD 2,50,000 per financial year for permissible transactions. This scheme has facilitated greater ease and flexibility in foreign exchange transactions for residents.
More Static GA Questions
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 INDISPENSABLE
Which of the following is an antonym of "harmful"?
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