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Enhances scope of 'lender', willful defaulter to include group cos & guarantors
Fixes 70 yrs as upper age limit for private bank MDs/CEOs
Enhances hedging facilities for Foreign Portfolio Investors, permits coupon…
Provides structuring flexibility by permitting ECBs to lend in INR with riders
Shifts three Foreign Investment divisions to Delhi, directs monthly reporting
RBI issues Master Circular on Foreign Investment in India
"RBI opens doors for foreign investment in Government Securities "
RBI simplifies norms for refinancing External Commercial Borrowings
Govt. opens up Rail Infrastructure sector, permits domestic investment & FDI
Government hikes Defence FDI cap from 26% to 49%
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