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.
Rajarshi Gupta has taken over as Managing Director of ONGC Videsh Ltd (OVL), the overseas investment arm of state-owned Oil and Natural Gas Corporation (ONGC).
Italian Prime Minister Mario Draghi has submitted his resignation after populist coalition partner Five Star withdrew its support from his coalition government in a confidence vote.
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