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.
External Affairs Minister S. Jaishankar has launched 'Connecting through Culture', an anthology of essays on various aspects of India's soft power strengths, at Sushma Swaraj Bhavan in New Delhi, India.