Foreign borrowing limits now tied to permissible end use and maturity, with RBI approval for rupee denominated structures. Amendments restrict borrowings up to USD 500 million per borrower per financial year to foreign currency expenditures for permissible end use, omit an earlier Note, and expand eligible entities. Corporates are prohibited from availing domestic rupee denominated structured obligations credit enhanced by international banks, IFIs or joint venture partners without Reserve Bank approval. A graduated maturity regime with minimum average maturities is prescribed, prepayment and call/put options are limited for larger borrowings, and prior approval is required for ECBs up to USD 20 million per company per year for rupee expenditures.