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PRAVAAH: Streamlining FEMA Compliance for Non-Resident Indians The Reserve Bank of India has introduced PRAVAAH, a portal designed to simplify FEMA compliance processes for Non-Resident Indians (NRIs). This system bypasses traditional banking intermediaries, offering direct access to RBI approvals. Key features of PRAVAAH include: 1. Direct approval for sale of inherited agricultural land 2. Facilitation of inheritance remittances exceeding $1 million 3. Approval for receiving immovable property
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