https://www.taxtmi.com/news?id=448 Modifications to the External Commercial Borrowing framework raise approval route limits for rupee expenditure-with a higher ceiling for infrastructure borrowers and an enhanced ceiling for other borrowers-and increase all in cost ceilings over six month LIBOR for three to five year and over five year maturities. The changes apply to both automatic and approval routes while other ECB conditions remain unchanged. Amendments take effect upon Reserve Bank notification under the Foreign Exchange Management Act. Separately, FII debt investment ceilings for government securities and corporate bonds are increased and SEBI will be advised to act. en-us Thu, 29 May 2008 20:09:00 +0530 Mon, 23 Jun 2008 11:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=448 Modifications to the External Commercial Borrowing framework raise approval route limits for rupee expenditure-with a higher ceiling for infrastructure borrowers and an enhanced ceiling for other borrowers-and increase all in cost ceilings over six month LIBOR for three to five year and over five year maturities. The changes apply to both automatic and approval routes while other ECB conditions remain unchanged. Amendments take effect upon Reserve Bank notification under the Foreign Exchange Management Act. Separately, FII debt investment ceilings for government securities and corporate bonds are increased and SEBI will be advised to act. News - Thu, 29 May 2008 20:09:00 +0530 https://www.taxtmi.com/news?id=448