Law | Economics | Policy
The Ministry of Finance has released
the Report of
the Working Group on Foreign Investment, led by U. K. Sinha.
Nice... that the margin ban for outflows will most likely be lifted. There is another gray area: there is a remittance restriction of $200K per year. But, what if someone has earned in a foreign currency and would like to keep it in a foreign account (so there is no remittance involved). There shouldn't be a restriction of margin, etc in this case? I'm not sure whether the law distinguishes between outward remittance and external income.
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