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Global Trade Alert

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India: Strengthened restrictions on remittances by individuals with residency in India

Description

On 14 August 2013, the Reserve Bank of India (RBI) reduced the total amount of remittances allowed to be sent abroad by individuals with residency in India under the Libearalized Remittance Scheme (LR...

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Intervention Details

Intervention Type

Labour market access

MAST Chapter

Migration measures

Implementation date

14 Aug 2013

Revocation date

14 Jun 2014

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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