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"Restrictions On Masala Bonds Removed": Arun Jaitley Reveals Steps To Contain Rupee, Trade Gap
Restrictions on ECBs removed, says Finance Minister Arun Jaitley Decisions to check current account deficit, raise forex inflows, he adds Current account deficit increased to $15.8 billion in April-June
14 Sep 2018, 10:39 PM IST 
PM Modi was briefed by RBI Governor and finance ministry officials on the economy, Arun Jaitley said.
The government has decided to cut non-essential imports and increase exports amid a widening current account deficit (CAD), sliding rupee and soaring crude oil prices, Finance Minister Arun Jaitley said on Friday. The government, in a meeting chaired by Prime Minister Narendra Modi, also decided to remove restrictions on external commercial borrowings and masala bonds to control the current account deficit, which slipped for the firs...
