•  Resident power of attorney holder can remit funds out of the balances in NRE account to the non-resident account holder provided specific powers for the purpose has been given.
Introduction Let me first thank the Official Monetary and Financial Institutions Forum for inviting me here today. For policy-makers like me, the Forum’s analysis and commentary are invaluable. Central bankers and fellow policy-makers around the world have dedicated the eight years since the global financial crisis to rebooting their economies and repairing their financial systems.