Mr. Sane, an Indian national desires to obtain Foreign Exchange for the following purposes:
- Remittance of US $50,000 out of winnings on a lottery ticket.
- US $1,00,000 for sending a cultural troupe on a tour of U.S.A.
US $50,000 for meeting the expenses of his business tour to Europe. Advise him whether he can get Foreign Exchange and if so, under what conditions?