Kerala HC: Applications under the Muslim Women’s Divorce Act Have a 3-Year Limitation Period || Supreme Court: Property Transferred Before Filing a Suit Cannot be Attached under Order 38 Rule 5 || Supreme Court: No Review or Appeal is Maintainable Against an Order Appointing an Arbitrator || SC: Terminated Contract is Not a Corporate Debtor’s Asset and a Moratorium Cannot Revive it || SC: Cheque Dishonour Complaints Must be Filed at the Payee’s Home Branch under S.142(2)(A) || Supreme Court: Bail Cannot be Granted Solely on Parity; Accused’s Specific Role Must be Assessed || Kerala HC Upholds Life Terms For Five, Acquits Two in Renjith Johnson Murder, Says TIP Not Needed || Kerala HC Orders Emergency Electric Fencing at Tribal School to Address Rising Wildlife Conflict || Madras HC: Arbitrator Can’t Pierce Corporate Veil to Bind Non-Signatory and Partly Sets Aside Award || Calcutta HC: Post-Award Claim For Municipal Tax Reimbursement is Not Maintainable under Section 9

External Commercial Borrowings - Revised Framework- (Reserve Bank of India) (30 Mar 2016)

MANU/APDR/0018/2016

Banking

The Reserve Bank of India notified amendments to the External Commercial Borrowings regime to encourage longer term lending, particularly for infrastructure development. The changes are prefaced as allowing a larger number of infrastructure participants access to external funds: a wider array of companies in the infrastructure sector can now raise ECB; ‘Exploration, Mining and Refinery’ have been deemed as being part of the infrastructure sector and companies partaking in the same can also avail ECB.

Relevant : ECB Policy 2015 MANU/APDR/0091/2015 ECB Policy - Liberalisation in Infrastructure MANU/APDR/0133/2013

Tags : ECB INFRASTRUCTURE MINING REFINERY

Share :