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    <title>External Commercial Borrowings (ECB) for Civil Aviation Sector</title>
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    <description>External Commercial Borrowings for the civil aviation sector may continue to be raised for working capital under the approval route on the terms of the A.P. (DIR Series) Circular dated April 24, 2012; all conditions remain unchanged and AD Category I banks are to notify their constituents. The directions are issued under the Foreign Exchange Management Act and are without prejudice to any other required permissions.</description>
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      <description>External Commercial Borrowings for the civil aviation sector may continue to be raised for working capital under the approval route on the terms of the A.P. (DIR Series) Circular dated April 24, 2012; all conditions remain unchanged and AD Category I banks are to notify their constituents. The directions are issued under the Foreign Exchange Management Act and are without prejudice to any other required permissions.</description>
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