The New Year began on a cheerful note for India's exporting sector, as consignments turned positive after 13 months, growing by 18.2 percent in November.

The government on Thursday ruled out limiting companies from borrowing money from overseas market and said that the surge in foreign money is not a matter of concern at present.

Suggesting that politicking was hampering defence requirements, IAF Vice Chief Air Marshal P K Barbora on Thursday said private industry's participation be increased in the defence sector and India should be "bold enough" to allow more FDI in the area.

To help cash-strapped micro and small enterprises attract higher overseas investment, the government today liberalised the FDI norms for the sector replacing the current 24 per cent ceiling on foreign holding with the sectoral caps.

Despite the global economic meltdown, the country's foreign direct investment (FDI) inflows, which touched about $ 7 billion in the first quarter this fiscal, is unlikely to stagnate, a top government official said on Friday.