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Rupee Drawing Arrangement (RDA) is a channel to receive cross-border remittances from overseas jurisdictions. Under this arrangement, the Authorized Category I banks enter into tie-ups with the non-resident Exchange Houses in the FATF compliant countries to open and maintain their Vostro Account. The cross- border inward remittances into India under RDA is primarily on private account. The remitter and the beneficiary should be individuals barring a few exceptions. Remittances through Exchange Houses for financing of trade transactions are also permitted up to certain limit. This scheme is not used for cross-border outward remittances from India. There is no limit on the remittance amount as well as on the number of remittances. However, there is an upper cap of Rs.15.00 lakh for trade related transactions. No cash disbursement of remittances is allowed under RDA. The remittances have to be credited to the bank account of the beneficiary.
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Artificial intelligence can ________ understand us and perform more complex tasks us...
His new employer gave him some ___________ with which Sam ____________ some food and medicines for his mother. He ___________ all the three friends and ...
She would ________ the thought of writing a 40-page research paper.
Decision-makers occupying the high echelons in the judiciary and the executive should ______________ that by not making the fullest use of the expertis...
You had only to ________ at him,to see that he _______ a ____________ Bengali.
A Muslim woman travelling alone was …………. of in her village, and when Salma ……………. conferences in Delhi, Sri Lanka and Pakistan, it c...
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The manager's ______ planning proved to be very profitable for the company.
Drink ____ of liquids ____ the day even if you don’t feel thirsty.
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Health should be our first priority and should neeever be -------------
