Current Affairs · FEMA Regulations & ECB Norms
Regarding the Foreign Exchange Management (Borrowing and Lending) (First Amendment) Regulations, 2026, which of the following statements is/are correct? 1. The regulations aim to systematically consolidate External Commercial Borrowings (ECB) rules and provisions regarding borrowing in Indian Rupees (INR) by residents from NRIs/PIOs. 2. To reduce regulatory duplication, specific redundant sections of the Master Direction on ECB and borrowing in INR have been deleted. 3. These consolidated regulations apply strictly to public sector undertakings while exempting private commercial banks. 4. The amendment was issued by the Reserve Bank of India under statutory legal authority derived from the Foreign Exchange Management Act, 1999. Select the correct option:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 21, 2 and 4 only✓
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- 43 and 4 only
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1, 2 and 4 only
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