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ECB norms likely to be relaxed soon
Even as India Inc, infrastructure sector in particular, waits for the government to announce the second stimulus package, it can expect some good news regarding relaxation of norms for External Commercial Borrowings (ECBs) later this month. The wait for the second stimulus package may have just got longer, the Finance ministry is reviewing the ECB norms so as to liberalise them and make borrowings from overseas much easier.
