Public sector Indian Bank has inked a Memorandum of Understanding with a pact with the Government of Haryana towards the distribution of mobile phones to consumers through an e-unified payment interface system.
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.