In consonance with the steps taken by the Government of India to development of India’s maiden International Financial Services Centre (“IFSC”) situated at Gujarat International Finance Tec-City (“GIFT City”), the Reserve Bank of India (“RBI”) has allowed Indian individuals to remit to IFSC, City for permissible purposes under its Liberalised Remittance Scheme (“LRS”). This blog aims to analyse the impact of such recent notification of the RBI.  Continue Reading RBI’s revised LRS Circular for IFSC, GIFT City: A Welcome Reform