The reforms include loosening restrictions on foreign institutional investors' (FPIs') ability to invest in the debt market and raising the automated route's external commercial borrowing (ECB) cap from USD 750 million or its equivalent to USD 1.5 billion.
The Appointments Committee of the Cabinet (ACC) has also approved the appointment of Bhanu Pratap Sharma, former Chairman, BBB as the initial chairperson of FSlB for a term of two years.
EXAMIANS