Basic principles Liberalized Remittance Scheme (LRS): RBI scheme with which Indian residents to USD 250,000 per financial year Abroad for permitted current/capital account transactions (education, travel, medical, investments). Introduced in 2004; liberalized in the course of time. Trend (January– Jun 2025): External transfers for foreign studies = USD 11.6 billion. Decline = 22% lower Then […]
