Today's Biz Bit

• According to sources, FM has asked RBI to permit corporate houses to use FCEBs for import of capital goods. The ministry said RBI’s proposal to limit the use of the instrument only for financing overseas acquisitions by Indian companies is “too restrictive.” (BS)
• Govt has cleared 29 proposals for setting up of SEZs in the country. BOA at its meeting gave formal approval to 23 SEZs and in-principal nod to six other projects. (ET)