Financial Daily from THE HINDU group of publications
Wednesday, Jan 04, 2006
Financial Daily from THE HINDU group of publications Wednesday, Jan 04, 2006 |
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Government
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Financial Policy Money & Banking - Co-operatives Multi-State co-ops to be allowed to access ECBs Our Bureau
New Delhi , Jan 3 THE Government has decided to amend the external commercial borrowing (ECB) policy to permit the Multi-State Co-operative Societies engaged in manufacturing activities in real sector to access ECBs under the approval route. An official release said that this amendment would come into force on the date of notification or regulations/directions to be issued by the RBI in this regard under the Foreign Exchange Management Act 1999.
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