EXTERNAL COMMERCIAL BORROWINGS

  • NTPC invites bids for 1,320MW Khargone project June 8, 2014

    Country's largest power producer NTPC has invited bids for construction of the 1,320MW Khargone thermal project, estimated to cost Rs 7,000 crore. Bids have been sought for EPC (Engineering Procurement and Construction) package for the Khargone super thermal power plant coming up in Madhya Pradesh. The plant would have two units, each...
  • Govt will liberalise FDI policy to raise more funds: Chidambaram July 31, 2013

    New Delhi: Faced with sliding rupee, Finance Minister P Chidambaram on Wednesday said that the government will further liberalise the FDI policy and encourage the public sector undertakings to raise funds from overseas markets. Addressing media on completion of one year as Finance Minister, he exuded confidence that economy would...
  • Govt cuts tax on foreign borrowings by Indian firms September 21, 2012

    New Delhi: Finance Minister P Chidambaram on Friday announced that the Centre had cut tax on external commercial borrowings (ECB) by Indian companies to five per cent from 20 per cent. The reduction in tax will encourage Indian companies to raise funds from overseas markets. The withholding tax liabilities on Indian...
  • Economy booster: ECB limit hiked by $10 billion June 25, 2012

    New Delhi: In a bid to check rupee's free falling against the US dollar, the Reserve Bank of India (RBI) on Monday hiked the limit of external commercial debt by $10 billion. Moreover, the regulator also increased the limit of overseas investment in government bonds by $5 billion to $20...
  • AI to raise $ 1 bn working capital from overseas markets April 15, 2012

    Mumbai: Two days after the government okayed a turnaround plan, the cashstrapped national carrier Air India invited merchant bankers to raise working capital loans up to USD 1 billion from overseas markets. The move follows the government allowing AI to borrow up to USD 1 billion annually through the external commercial...
  • Chidambaram assures Indian Inc on ECB curbs March 5, 2008

    New Delhi: The pressure from the Commerce Ministry seems to be working. At an interaction with industry association FICCI, Finance Minister P Chidambaram has finally accepted that more relief needs to be doled out to exporters including revisiting External Commercial Borrowings (ECB) curbs. After a pleaseall budget, the worry of inflation...