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    <title>External Commercial Borrowings (ECB) Policy — Review of all-in-cost ceiling</title>
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    <description>Continuation of the all-in-cost ceiling for External Commercial Borrowings is directed, keeping the previously specified ceiling applicable until review, with all other aspects of the ECB policy unchanged; Authorized Dealer Category-I banks must notify constituents and customers. The directions are issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 and are subject to any other statutory permissions or approvals.</description>
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      <description>Continuation of the all-in-cost ceiling for External Commercial Borrowings is directed, keeping the previously specified ceiling applicable until review, with all other aspects of the ECB policy unchanged; Authorized Dealer Category-I banks must notify constituents and customers. The directions are issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 and are subject to any other statutory permissions or approvals.</description>
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