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India is a welfare state i.e. it is the responsibility of the state to work for the betterment and upliftment of its people. There are various governmental policies for the welfare of the society in general. But at times, the ground reality is very different from the goals and objectives of a legislation.

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Anyone who wishes to transact in foreign currencies must first obtain an FFMC License in India from the Apex Bank or RBI. The holders of such a license are permitted to buy foreign currency from NRIs (Non-Resident Indians) and sell it to Indian tourists traveling overseas for business.
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