https://www.taxtmi.com/news?id=2440 Modification to External Commercial Borrowing policy raises the all-in-cost ceiling for certain maturities using the currency-specific six-month LIBOR benchmark and requires that ECB proceeds raised abroad for rupee expenditure be brought immediately into rupee accounts with authorised dealer Category I banks, while proceeds for foreign currency expenditure may remain offshore; prohibitions on using rupee funds for capital markets, real estate or inter-corporate lending remain in force. en-us Wed, 23 Nov 2011 17:44:06 +0530 Wed, 23 Nov 2011 17:44:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=2440 Modification to External Commercial Borrowing policy raises the all-in-cost ceiling for certain maturities using the currency-specific six-month LIBOR benchmark and requires that ECB proceeds raised abroad for rupee expenditure be brought immediately into rupee accounts with authorised dealer Category I banks, while proceeds for foreign currency expenditure may remain offshore; prohibitions on using rupee funds for capital markets, real estate or inter-corporate lending remain in force. News - Wed, 23 Nov 2011 17:44:06 +0530 https://www.taxtmi.com/news?id=2440