Questions

The Phoenix Settlement, established by Gandhiji near Durban in 1904, was formally reopened on February 27, 2000, at a ceremony attended by the President of South Africa, the Zulu King Goodwill Zwelithini and many other leaders.The settlement -the first Ashram of Gandhiji -had been damaged in 1985 riots when some African squatters occupied much of the settlement and named it Bambayi. Though the Indian community was deeply distressed, it refrained from seeking the forcible eviction of the squatters. The Phoenix Settlement Trust, with financial assistance from the Government of India, recently restored Gandhiji's house and established aclinic, an HIV/Aids Centre and other facilities to serve all the people in the area, African and Indian

LRS stands for - Liberalised Remittance Scheme.
LRS is a facility provided by the Reserve Bank of India for all resident individuals to freely remit certain amount in terms of US dollar every financial year for a permissible set of current or capital account transactions.
Note:
* In April 2018, the Reserve Bank of India (RBI) has tightened reporting norms for the Liberalised Remittance Scheme (LRS) under which individual can transfer up to US $2,50,000 abroad in a year.

* The purpose of tightening of norms is to improve monitoring and to ensure compliance with LRS limits.
* The scheme was introduced in February 2004 and its regulations are provided under Foreign Exchange Management Act (FEMA), 1999.