Nikhil Kamath, co-founder of Zerodha, said that despite his age, he is committed to positively impacting the world and believes that the foundation's mission of creating a more equitable society aligns with his values and aspirations.
Zerodha's Nikhil Kamath says India is inviting trouble by allowing government securities be considered as cash on margin loans, which US doesn't permit
According to a Finance Ministry notification, an Indian resident can remit money abroad up to a maximum of $2.50 lakh per annum without the authorisation of the RBI. Any remittance beyond that in foreign currency would require approval from the RBI.