a resurgent india liberalises foreign exchange usuage

[Guest guest]

Namaskar Mitra,

 

An increasingly confident India liberliazes foreign exchange limits for the Common Man.

 

http://www.rbi.org.in/index.dll/37661?OpenStory?fromdate=07/17/03&todate=07/17/03&s1secid=1001&s2secid=1001&secid=14/8/0&archivemode=0

 

Sr. No.

Item No. of the Schedule III

Purpose

Existing limit (in USD)

Proposed limit (in USD)

1

5

Employment abroad

5,000

100,000

2

6

Emigration

5,000

100,000

3

7(ii)

Maintenance of close relatives abroad

5,000

100,000

4

10

Education abroad

30,000

100,000

Foreign exchange for medical treatment abroad increase from $ 50,000 to $ 1,00,000/.

cheers om sanjeev