Liberalised Remittance Scheme by RBI to check outward remittances
#Government_Scheme_2018 ➡ Liberalised Remittance Scheme: RBI alters definition of relative to check outward remittances ▪ The Reserve Bank of India (RBI) has narrowed the definition of relatives under the ‘maintenance of close relative’ category of Liberalised Remittance Scheme (LRS) to check outflow of funds and prevent misuse of facility. ▪ Henceforth, funds under this category… Read More »