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An Overview of the Liberalised Remittance Scheme
Under the Foreign Exchange Management Act of 1999, transferring money abroad was a time-consuming and restricted process. However, in 2004, with the...
Govt tweaks FEMA rules to clear the decks for FDI in LIC
The government has amended rules of the Foreign Exchange Management Act (FEMA), paving the way for up to 20 per cent foreign direct investment in the...