RBI CONCEPTS: LIBERALISED REMITTANCE SCHEME#18

Oracle IAS, the best coaching institute for RBI grade B/NABARD/SEBI in Dehradun (Uttarakhand), brings to you views on important issues.  1. What is the Liberalised Remittance Scheme (LRS) of USD 2,50,000? Under the Liberalised Remittance Scheme, all resident individuals,including minors, are allowed to freely remit up to USD 2,50,000 per financial year (April – March) for any

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RBI Gr-B News – Banks recapitalization plan #3

Oracle IAS, the best coaching institute for RBI grade B/NABARD/SEBI in Dehradun (Uttarakhand), brings to you views on important issues. ==> Context • The Centre has sought Parliament’s approval to infuse an additional ₹41,000 crore into public sector banks that are starved of precious capital to remain afloat. • Along with another ₹42,000 crore that is already

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