Limit of overseas borrowing

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..... Limit of overseas borrowing
News and Press Release
Dated:- 18-2-2009

Lok Sabha The current overseas borrowing limit for Indian Companies, other than those belonging to Hotels, Hospital .....

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..... s 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 .....

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..... Automatic 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. .....

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..... ECB 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 m .....

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..... arket 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 .....

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..... in 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 Shr .....

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..... i P. Karunakaran in Lok Sabha today.
News - Press release - PIB .....

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