Current Affairs - July 2022
As per the RBI's liberalised norms, what is the new limit of External Commercial Borrowing (ECB) under the automatic route?
The measures include easing norms for FPI investment in the debt market, and increasing the External Commercial Borrowing (ECB) limit under the automatic route from USD750 million or its equivalent per financial year to USD 1.5 billion.
Prime Minister Narendra Modi will inaugurate and lay the foundation stone of multiple development initiatives worth over Rs 1800 crores in Varanasi, Uttar Pradesh on July 7, 2022.
Former NITI Aayog CEO Amitabh Kant is expected to be appointed as India's new G20 Sherpa, succeeding Union Commerce Minister Piyush Goel who has been tasked with other pressing duties.
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