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    QONEQT in India

    26 Mar 07:30 AM


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    Will your international credit card spends come under liberalised remittance scheme soon? What you should know

    Indian banks are gearing up for changes in rules on international credit card spending under the liberalised remittance scheme (LRS). The Reserve Bank of India (RBI) plans to include overseas credit card transactions within the annual remittance cap. New regulations aim to regulate expenditures and tax collection on high-value expenses.