SC: Dismissal, Being the Severest Punishment, Should be Imposed Only For Grave Misconduct || SC: Constructive Res Judicata Applies to Grounds Omitted Through Negligence or Inadvertence || Madras High Court: Honour Killing is a Shameful Act and an Extreme Manifestation of Casteism || Bombay High Court: Traditional Families Often Hesitate to Report Sexual Offences || Jharkhand High Court Directs Circle Officers to Digitally Verify Land Records and Remove Mismatches || MP High Court: Writ Court Cannot Grant Interim Relief Once Party is Relegated to Alternate Forum || Supreme Court Issues Directions to Speed Up MACT Claims Amid Six-Year Average Pendency || Supreme Court: Sex Selection Practices Continues Due to Preference For Male Children || Supreme Court: Injury From a Fallen Tree is Not a Motor Accident for MACT Claims || Madras HC: Recent Tamil Nadu Elections Reflect Voting Beyond Caste and Community Considerations

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 :