Can overseas earned income saved in US bank while being a non resident be transfered to a US citizen friend in US as loan after moving back to India?

[RAG]

I have funds earned through employment in the USA while I was a resident in the USA and saved in US accounts.

1) Now after moving to India (current Indian resident) can the same funds be transfered to not a relative but a US friends US bank account from my US overseas bank account as a gift or loan?

2) Will either the 250k LRS annual limit or the External Commercial Borrowing (ECB) rules apply to such transfered funds?

3) Is there z need of obtaining prior approval from the RBI for such transfer?

4) Can the funds be greater than 250k in 1 year?

-Thanks

AI Summary

FEMA and Liberalised Remittance Scheme rules on sending foreign-earned funds from India to a U.S. friend
Transfer of funds earned in the United States and retained in a U.S. bank account after returning to India raises FEMA and Liberalised Remittance Scheme questions. The discussion asks whether such money may be sent to a U.S. friend's account as a gift or loan, whether the USD 250,000 annual remittance cap applies, whether prior RBI approval is needed, and whether the amount may exceed that ceiling. The replies note that ECB rules are not applicable, while views differ on whether the funds are outside the LRS limit or whether resident outward remittances remain subject to LRS unless RBI approval is obtained.