Questions

Patratu Thermal Power Station is a coal-based thermal power plant located near Patratu town in Ramgarh district in the Indian state of Jharkhand. The power plant is operated by the Jharkhand State Electricity Board. It has an installed capacity of 840 MW. The generating units of the power plant are very old and are operating at around 10% PLF, generating about 110 MW per day.

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.