India’s Union Budget projected a growth rate of 7.6% over the fiscal year that started on 1 April. Among the critical sectors having a bearing on the attainment of this target are civil aviation, power, and roads and highways.
Recognizing the need for low-cost funding for players operating in these sectors, the Reserve Bank of India (RBI) has issued a flurry of circulars liberalizing the external commercial borrowings (ECB) regime to improve the current state of affairs.
Partner
Phoenix Legal
Clearer skies for aviation?
The Indian civil aviation sector has been in the news in recent times, most often for the wrong reasons. The Union Budget contained several concrete proposals to get the industry out of the doldrums.
You must be a
subscribersubscribersubscribersubscriber
to read this content, please
subscribesubscribesubscribesubscribe
today.
For group subscribers, please click here to access.
Interested in group subscription? Please contact us.
你需要登录去解锁本文内容。欢迎注册账号。如果想阅读月刊所有文章，欢迎成为我们的订阅会员成为我们的订阅会员。
Sawant Singh is a partner and Davis Kanjamala is an associate at the Mumbai office of Phoenix Legal.
New Delhi
Second Floor,
254, Okhla Industrial Estate,
Phase III, New Delhi-110020
India
Tel +91 11 4983 0000
Fax: +91 11 4983 0099
Email: delhi@phoenixlegal.in
Mumbai
First Floor, CS-242,
Mathuradas Mill Compound,
NM Joshi Marg, Lower Parel
Mumbai – 400 013, India
Tel: +91 22 4340 8500
Fax: +91 22 4340 8501
Email: mumbai@phoenixlegal.in
