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RBI Circulars, September 04, 2013 on Overseas Direct Investments (‘ODIs’) and External Commercial Borrowing (‘ECB’)

RBI Circulars, September 04, 2013 on Overseas Direct Investments (‘ODIs’) and External Commercial Borrowing (‘ECB’) 1. The Reserve Bank of India on September 04, 2013 has issued clarifications on the much debated Liberalized Remittance Scheme and issued Circulars regarding Overseas Direct Investments (‘ODIs’) and External Commercial Borrowings (‘ECB’) from foreign equity holder.