A new foreign commercial debt policy

It is a sincere effort to simplify the governing regulation. But an explanation about the economic rationale underlying the restrictions is overdue

foreign policy

Illustration by Binay Sinha

On January 16, 2019, the Reserve Bank of India (RBI) issued a circular re-hauling the regulatory framework governing the raising of foreign credit by Indian firms. 

This is the 13th time
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of or the Business Standard newspaper

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First Published: Jan 24 2019 | 8:51 PM IST

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