Does Govt Gain Anything New From This New LRS Scheme?

The recent changes in the Liberalised Remittance Scheme or LRS as it is more commonly known as have raised the heckles of many. Especially those who travel abroad frequently or those with family members in foreign countries. BTTV’s Siddharth Zarabi spoke to one of India’s foremost economists Surjit Bhalla on why he thinks the move is regressive for a liberalized India.