Taking a step forward to cheer-up the hospitality sector, the RBI (Reserve Bank of India) came up with an order, which will help hotels to come out of the high risk category of real estate exposure.

This will guaratee that banks will provide loans to companies at lower rates of interest.

The union government has relaxed norms for issuance of foreign currency convertible bonds (FCCBs), equity through ADRs (American Depository Receipts) and GDRs (Global Depository Receipts). The move is aimed to help the corporate world for more freedom in pricing of equity shares as per prevailing market prices.