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<h1>New ECB Framework: Liberalized Rules for Foreign Borrowing, Broader Uses, and Higher Cost Ceilings Announced.</h1> The revised framework for External Commercial Borrowings (ECB) introduces a more liberal approach, allowing broader end uses and higher cost ceilings for long-term foreign currency borrowings. It expands the list of eligible overseas lenders and aligns infrastructure entities with the Government's Harmonised List. The framework includes three tracks: medium-term foreign currency ECBs, long-term foreign currency ECBs, and Indian Rupee denominated ECBs. The primary responsibility for compliance lies with the borrower, and any violations will incur penalties under FEMA. The framework will be reviewed after one year, and the new guidelines will be effective upon publication in the Official Gazette.