Indian Overseas Debt Clearance

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(Reserve Bank of India RBI) may ease norms for infrastructure funding www.ambitionias.com
  • Belgium-based securities settlement company Euroclear has agreed to a model suggested by the Reserve Bank of India (RBI) to settle Indian government debt papers in overseas market.
  • The model will ensure that clearing of the debt that happens in India using Indian brokers and custodians.
  • The government expects overseas settlement of Indian debt to be operational in the next financial year.
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