Overseas Remittances involve the transfer of money from individuals working
abroad to their home country, supporting local economies. The Liberalized Remittance Scheme (LRS), instituted by the Reserve Bank of India, facilitates the seamless transfer of a specified amount
annually for various purposes, promoting personal and financial endeavors. The Foreign Contribution (Regulation) Act (FCRA) regulates foreign contributions in India, ensuring transparency and
accountability in the utilization of funds by individuals, associations, and NGOs.