Anurag Bhullar
The recently announced stimulus package is expected to prove beneficial for the infrastructure sector though the implementation is thought to give troubled times.
As part of this package, the upper limit for overseas borrowing has been raised. However, the economists of HDFC and Axis Bank expressed greater concerns regarding the administration of this package.
As far as other sectors are concerned, exporters will be among the ones to benefit, for sure.
In addition to liberalizing the external commercial borrowing norms, the FII investment limit for rupee denominated instruments has been raised from USD 6 billion to USD 15 billion.
Also, IIFCL has been permitted to have an additional amount of up to Rs.30000 crore via the tax-free bonds to finance PPP projects.
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