A leading financial daily carries this headline story about some alleged irregularities on forex remittances on behalf of a cricketing body. Nothing wrong. What is humorous is this ..
"... Under FEMA norms, advance remittances worth more than $500,000 (INR 2.34 Cr) made by an Indian entity for any current account transaction, requires RBI's prior approval. Current accounts are maintained to run the day-to-day business of an organisation".
The correspondent had the same treatment for anything that was 'current account'.
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