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English Release 16-September 2014
Date Month Year
  • President's Secretariat
  • Speech by Hon'ble President at the banquet hosted by President of the Socialist Republic of Vietnam Hanoi, 15 September 2014
  • Prime Minister's Office
  • Transcript of Prime Minister’s Interaction with Chinese media organizations
  • PM’s Telephone Conversation with Australian PM Tony Abbott
  • India-China ties from “Inch towards Miles”
  • Steel and Mines PSUs donate Rs. 15 crore to PMNRF
  • Min of Agriculture
  • National Livestock Mission (NLM) to Ensure Quantitative and Qualitative Improvement in Livestock Production
  • Min of Chemicals and Fertilizers
  • Drugs Available as per Requirement in Jammu & Kashmir
  • Min of Defence
  • Chairman COSC & CAS Visits Flood Affected J&K to Oversee Relief and Rescue Operations
  • Round up at 1800 Hrs --- Jammu – Srinagar Highway Opened for Traffic Number of People Rescued Crosses 2,37,000 in J&K
  • Jammu Srinagar Highway Cleared by Army Engineers and Border Roads
  • Round up at 1300 hrs --- Number of People Rescued Crosses 2,37,000 in J&K
  • Min of Environment and Forests
  • Environmental norms to be made stringent and practical, stakeholders to be consulted: Shri Prakash Javadekar
  • Making students aware of sustainable development is the real protection of environment: Shri Prakash Javadekar
  • Biodiversity informatics vital for sustainable growth
  • Ministry of Finance
  • Facilities Available to Account Holders Under Pradhan Mantri Jan Dhan Yojana (PMJDY) to be Extended to the Existing Account Holders as Well
  • India Signs Loan Agreement with ADB Worth $63.3 Million for Improving Urban Services and Strengthening Municipal and Project Management Capacity in Several Towns in North Karnataka
  • Min of Health and Family Welfare
  • Holistic medical care need of the hour –Dr Harsh Vardhan
  • Min of Home Affairs
  • Union Home Minister visits National Security Guard Hqrs at Manesar
  • National Disaster Response Force has so far rescued 50,629 flood affected people
  • NCMC Reviews Relief Work in J & K
  • Sixth Meeting of SAARC Ministers / Secretaries of Interior / Home and SAARC Immigration Authorities
  • Min of Labour & Employment
  • Meeting of Central Advisory Committee on Iron Ore Mines,
  • 16th Meeting of Central Building and Other Construction Workers Advisory Committee organised
  • Labour Minister Shri Narendra Singh Tomar Underscores the Role of Education, says a Single Step by Everyone Takes India Ahead by 1.25 billion Steps
  • Min of Personnel, Public Grievances & Pensions
  • ACC Appointments
  • ACC Appointments
  • Min of Petroleum & Natural Gas
  • Global crude oil price of Indian Basket was US$ 95.50 per bbl on 15.09.2014
  • Min of Power
  • NTPC signs MoU with Govt. of Andhra Pradesh for 1000 MW Solar Power Projects
  • Min of Road Transport & Highways
  • “FASTag”, the Brand name for ETC services on Highways
  • Axis Bank Joins ETC Implementation Plan of Road Transport & Highways Ministry

Previous Date

 
Ministry of Finance07-August, 2007 18:49 IST
ECB Policy Modified

The External Commercial Borrowing (ECB) policy is constantly reviewed by the Government in consultation with Reserve Bank of India (RBI) to keep it in tune with the evolving macroeconomic situation, changing market conditions, sectoral  requirements, the external sector and the lessons of experience.

Based on such review, it has been decided to modulate the capital inflows through ECB by modifying some aspects of the policy as indicted below:

(i)                   Henceforth, ECB more than USD 20 million per borrowing company would be permitted only for foreign currency expenditure for permissible end-uses of ECB. Accordingly, borrowers raising ECB more than USD 20 million shall park the ECB proceeds overseas for use as foreign currency expenditure for permissible end-uses. The above modifications would be applicable to ECB exceeding USD 20 million per financial year both under the Automatic Route and under the Approval Route.

(ii)                 ECB up to USD 20 million per borrowing company would be permitted for foreign currency expenditure for permissible end-uses under the Automatic Route and these funds shall be parked overseas and not remitted to India. Borrowers proposing to avail ECB up to USD 20 million for rupee expenditure for permissible end-uses would require prior approval of the Reserve Bank under the Approval Route. However, such  funds shall be continued to be parked overseas until actual requirement in India.

(iii)                All other aspects of ECB policy such as USD 500 million limit per company per year under the Automatic Route, eligible borrower, recognised lender, average maturity period, all-in-cost-ceiling, prepayment, refinancing of existing ECB and reporting arrangements remain unchanged.

(iv)                These conditions will not apply to borrowers who have already entered into loan agreement and obtained loan registration numbers from the Reserve Bank. Borrowers who have taken verifiable and effective steps wherein the loan agreement has been entered into to avail of ECB in the previous dispensation, and not obtained the loan registration number, may apply to the Reserve Bank through their Authorised Dealer.

(v)                  The above amendment in ECB policy will come into force with immediate effect.

RP/GN-333/07


(Release ID :29674)

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