India has set new limits on how much national firms can borrow from abroad, in a move to cool the rapidly expanding economy and calm inflation. Indian firms wanting foreign loans of USD 20 million or more will need consent both for the loans and the right to bring the money into the country. In other news, the International Finance Corporation (IFC) will commit USD 500 million of the funds for India to infrastructure, focusing on oil, transportation, power and gas projects, said IFC Chief Investment Officer, Anita George. (BBC, IHT)
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