The RBI has tightened norms for LRS by making quoting of Permanent Account Number (PAN) mandatory even for transactions below $25,000. What does ‘LRS’ stands for?
[A] Liability Remittance Scheme
[B] Liaison Remittance Scheme
[C] Liberal Remittance Scheme
[D] Liberalised Remittance Scheme
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[c].Liberal Remittance Scheme
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