Latest Answer: Hi Guys,
As per news, RBI had said in its bi-monthly monetary policy statement that , on a review of the external sector outlook and as a further exercise in macro-prudential management, it has been decided to enhance the limit under the Liberalized Remittance Scheme (LRS) to $ 250,000 per person per year. The LRS allows residents to acquire and hold shares, debt instruments or other assets outside India without prior approval of the RBI.
Latest Answer: Hi Akash,
This new rule will also give a boost to the 100 smart cities being planned by the government. Home buyers will also cheer the relaxation as fresh inflows raise the possibility of projects that are stuck getting completed and cheaper housing becoming available going ahead. Most housing projects are running one to two years or even more behind schedule because of the slowdown and the shortage of funds on account of elevated debt levels.
Latest Answer: Hi Guys,
As per my knowledge, there are broadly two sets of regulations application on capital account inflows Foreign Direct Investments (FDI), and External Commercial Borrowings and Trade Credits (ECBs). Very common misconceptions exist as to what transactions are covered under which Regulation, and whether the transaction in question is covered by either of these Regulations. This write up is intended to be a simplified guide to the FDI and ECB Regulations.