Which of the following statement(s) is/are correct about the ‘Liberalised Remittance Scheme’?
1. The scheme was launched by the Department of Revenue (Ministry of Finance) in 2004.
2. According to the prevailing regulations, resident individuals of India may remit up to $250,000 per financial year.
3. Such remittances cannot include investment in shares, debt instruments and purchase of immovable properties.
Select the correct codes from below -