CORPORATES Can issue or invest in foreign currency-denominated bounds without ceiling Can transfer financial capital abroad up to $100,000 a year Do not need any government approval to raise money from capital markets abroad Can invest in joint ventures and subsidiaries abroad up to $50 million Can set up offices abroad without RBI approval BANKS Can accept and extend foreign currency-denominated loans> Can operate freely in the domestic and international gold market Can invest in overseas money markets, mutual funds and securities subject to conditions INDIVIDUALS Can make foreign currency deposits with banks or corporates in India> Can transfer financial capital abroad up to $100,000 a year Can borrow up to $1 million from NRIs at rates not exceeding LIBOR with no end-use restrictions