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Monday, June 25, 2012

Top six steps: Government takes to boost economy

Here are top 6 current improvements: 1) Exterior Industrial Borrowings limitation was raised to $40 bn from $30 bn previously. This would be to pay back terrific rupee loans of Indian companies. This arrives as a comfort to the manufacturing industry. The rupee loans are expensive while international currency credit tend to be less expensive. 2) The limitation on overseas institutional investment in govt stock options in India had been increased by $5 bn. 3) The RBI made a decision to expand the non-resident investor base to incorporate sovereign...