The conversion rate for foreign currency to rupee would be as per the applicable market rate on the date of settlement.
The RBI has also proposed that Indian banks act as ECB lenders subject to norms.
Eoin Morgan will captain the side but there is no place for former England T20 captain Stuart Broad.
Root overcame competition from Anderson, Ali and Ballance to win the award for the first time.
The 10-member panel has suggested removing restrictions on how much a firm can borrow.
European quantitative easing programme could be a boon for India. But there’s no room for complacency
Draghi has had to balance the need for action against German concerns about risk-sharing and potentially being left to foot the bill.
While the legal hurdles for ECB to act are clear, the main opposition comes from Germany
Economists polled by Reuters had expected a -0.1 per cent year-on-year fall in prices.
Investment and built-up area threshold have been brought down.
The PMO has also pitched for lifting restrictions on use of the funds raised overseas.
The ECB is expected to leave key rates unchanged and wait for next year to decide whether to take the leap to government bond-buying.
With many fearing the euro zone could be heading for a Japanese-style lost decade of deflation and recession.
ECB did not announce any new monetary support after its governing council meeting Thursday, at which it left its key interest rate at a record low of 0.05 per cent.
The ECB checked the worth of banks’ holdings and subjected the banks to a stress test that simulates how their finances would fare in an economic downturn.