Apart form applauding the RBI on targeting controlled inflation rate upto 5 per cent, enhancing the overseas investment limit for Indian companies from 200 to 300 per cent of their net worth and limiting prepayment for ECBs, the Federation of Indian Chambers of Commerce and Industry (FICCI), has stated that his is in line with the recommendations of the Tarapore Committee on Capital Account Convertibility (CAC) and Percy Committee on IFC and clearly shows RBI
