The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi approved the computerisation of Primary Agricultural Credit Societies (PACS) with a budgetary outlay of Rs 2,516 crore.
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.
EXAMIANS