Tag: liberalised remittance scheme

Source: This post is created based on the article “Turning the clock back” published in Business Standard on 26th April 2023. Syllabus Topic: GS Paper 3- Indian Economy, Liberalisation Context: In the recent times, government has tightened the restrictions on how Indians can remit money overseas. Post-1991 reforms, Liberalised Remittance Scheme, or LRS was introduced.… Continue reading Turning the clock back – on Liberalised Remittance Scheme