The Reserve Bank of India has eased external commercial borrowing rules, potentially allowing Indian companies to raise up to $100 billion in 2026-27. Key changes include higher per-borrower limits, relaxed end-use permissions, and the removal of pricing restrictions, making overseas funding more accessible and attractive for corporate expansion and acquisitions.
More than 500,000 Illinois residents have so far benefitted from the program, with average debt relief of about $1,200 a person, according to the governors office.
