ECB Current Affairs, GK & News

EU Seals Deal on 750 billion Euro Recovery Fund

The leaders of the European Union have recently reached a deal on a massive stimulus plan for the coronavirus-affected economies within the bloc. The decision could be finalized after four days of intense debate and discussion in a meeting attended by all the major leaders of the European Union. The deal is an attempt to ..

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RBI enhances scope of Special Non-Resident Rupee accounts

The Reserve Bank of India (RBI) has enhanced scope of ‘Special Non-resident Rupee’ (SNRR) by allowing persons residing outside India to open such accounts for purposes such as- (a) external commercial borrowing (ECB), (b) trade credit and and (c) Trade (Export/ Import) Invoicing, in domestic currency. The step is taken to popularise cross-border transactions in ..

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RBI liberalises ECB norms by relaxing end-use restrictions

Reserve Bank of India (RBI) has relaxed External Commercial Borrowing (ECB) norms for corporates, non-banking lenders by relaxing end-use restrictions with regard to working capital, general corporate purpose and repayment of rupee loans. This decision was taken after receiving feedback from stakeholders for easing liquidity in the domestic market. Recent changes by RBI End-use stipulations ..

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