The amendments pertain to changes in the External Commercial Borrowing (ECB) framework. The updated Regulations consolidate provisions relating to ECB and borrowing in Indian Rupees by persons resident in India, from existing master directions. Consequently, specified paragraphs of the Master Direction on External Commercial Borrowings, Trade Credits and Structured Obligations, the Master Direction on INR borrowing between residents and non-residents, and Part I of the FAQs on ECB and Trade Credits have been deleted.