All India and Yearly Outright Remittances under the Liberalised Remittances Scheme for Resident Individuals by Purpose

The dataset contains All India and Yearly Outright Remittances under the Liberalised Remittances Scheme for Resident Individuals by Purpose Note: 1. Others include items such as subscription to journals, maintenance of investment abroad, student loan repayments, credit card payments etc.( till 2008-09 also includes education, travel, maintenance of close relatives and medical treatment.) 2. Under Liberalised Remittance Scheme (LRS), currently the residents are permitted to remit up to an amount of US $ 2,00,000 per financial year (April-March) for any permitted current or capital account transactions or a combination of both with effect from September 26, 2007. The LRS Scheme was introduced in February 2004 to facilitate resident individuals to freely remit up to US $ 25,000 per calendar year, which was enhanced to US $ 50,000 per financial year in December 2006; to US $ 1,00,000 per financial year in May 2007; and to US $ 2,00,000 per financial year in September 2007.