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Economy News

The Economic Times

Economy / The Economic Times

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As rupee dips, I-T steps up vigil on shady outflows

In multiple cases, individuals have used dozens of fake permanent account numbers (PANs) with the same name but different addresses and dates of birth to transfer money under RBI's liberalised remittance scheme (LRS) which bars a resident from spending and investing more than $250,000 a year abroad.

15 May 2026 1:12 am