The Reserve Bank of India reduced the limit for overseas direct investment under the automatic route from 400% to 100% of an Indian party's net worth, and also lowered the annual limit under the Liberalised Remittance Scheme for resident individuals from $200,000 to $75,000 for current account and capital account transactions. However, these reductions do not apply to certain public sector undertakings and the new limits apply prospectively rather than to existing arrangements.