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Journalism of Courage
In a bid to increase fund flow to credit starved sectors,the government has decided to raise the cap for external commercial borrowings by $10 billion. The ECB limit has now been raised to $ 30 billion from the earlier $ 20 billion, a senior government official said. The decision was taken at a high powered meeting on Friday and a formal notification will be issued soon. However,the limit for foreign institutional investors to invest in government bonds has been retained at $10 billion.
