Shri Rajendra Prasad has assumed the charge of Managing Director, National High-Speed Rail Corporation Limited in addition to his duties as Director of Project, NHSRCL.
The Union Cabinet chaired by Prime Minister Narendra Modi approved the signing of a Memorandum of Understanding (MoU) between India and the Judicial Service Commission of the Maldives in the field of Judicial Cooperation.
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.