TaxTMI 
TaxTMI 
Limit of overseas borrowing
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....imit of overseas borrowing <br>News and Press Release<br>Dated:- 18-2-2009<br><BR>Lok Sabha The current overseas borrowing limit for Indian Companies, other than those belonging to Hotels, Hospitals....
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.... and Software Sectors, incorporated under the Company's Act, 1956 is US$ 500 million per financial year for Rupee expenditure and / or foreign currency expenditure for permissible end-uses under the A....
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....utomatic Route. Such corporate can also avail of ECB for an additional amount of US$ 250 million with an average maturity period of 10 years under the Approval Route subject to certain conditions. E....
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....CB policy including the overall limit for overseas borrowing is reviewed regularly by the Government in consultation with RBI keeping it in line with the evolving macro-economic situation, changing ma....
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....rket conditions, sectoral requirements, developments in the external sector and lessons of experience. Consequent upon such a review, the Government has announced certain modifications in ECB policy i....
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....n January 2009, but no overseas borrowing limit has been increased as such. This information was given by Minister of State for Finance, Shri Pawan Kumar Bansal in reply to a question raised by Shri....
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.... P. Karunakaran in Lok Sabha today.<BR> News - Press release - PIB....