https://www.taxtmi.com/news?id=3480 Allowing targeted External Commercial Borrowing, Indian manufacturing and infrastructure companies with foreign exchange earnings may obtain ECBs under the approval route to refinance outstanding rupee loans for capital expenditure or to meet fresh rupee capital expenditure; an overall ceiling is prescribed. FII investment limits in government securities are increased and the eligible non resident investor classes broadened, with adjusted sub limit residual maturity; FII infrastructure debt and IDF schemes' lock in and residual maturity terms are rationalised and QFIs may invest in mutual funds with specified infrastructure asset thresholds. FEMA operational guidelines will follow. en-us Mon, 25 Jun 2012 18:13:44 +0530 Mon, 25 Jun 2012 18:13:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=3480 Allowing targeted External Commercial Borrowing, Indian manufacturing and infrastructure companies with foreign exchange earnings may obtain ECBs under the approval route to refinance outstanding rupee loans for capital expenditure or to meet fresh rupee capital expenditure; an overall ceiling is prescribed. FII investment limits in government securities are increased and the eligible non resident investor classes broadened, with adjusted sub limit residual maturity; FII infrastructure debt and IDF schemes' lock in and residual maturity terms are rationalised and QFIs may invest in mutual funds with specified infrastructure asset thresholds. FEMA operational guidelines will follow. News - Mon, 25 Jun 2012 18:13:44 +0530 https://www.taxtmi.com/news?id=3480