Indian Students Studying Abroad – Revision in the Residential Status

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....Foreign Exchange Madam/Sirs, Indian Students Studying Abroad - Revision in the Residential Status The Reserve Bank of India has been receiving representations from Indian students studying abroad putting forth various difficulties on account of their residential status. The matter has been reexamined by us keeping in view the definition of residential status in terms of Section 2(v)(i) of....

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....eriod officially intended for various reasons. While taking up studies, or further advance courses, students may have to take up job or seek scholarships to supplement income to meet their financial requirements abroad. As they have to earn and learn, their stay for educational purposes gets prolonged than what is intended while leaving India. 3. Furthermore, the purport of their argument is th....