News digest: Five-point plan to curb CAD; trade deficit, markets, and more

Move to have $8-10 bn impact, says DEA secy; non-essential imports to be reduced; more initiatives soon

Five-point plan to control CAD

A high-level meeting chaired by Prime Minister Narendra Modi on Friday decided to curb non-essential imports and increase exports, besides announcing five-pronged measures to increase dollar inflows into the country to fund and reduce the current account deficit (CAD). Read more

Banks to seek RBI clarity on SC ruling

Bankers will approach the Reserve Bank of India (RBI) to seek clarity on whether they can proceed with insolvency proceedings against stressed corporate debtors. This follows the Supreme Court's (SC) directive to lenders to maintain the status quo on the implementation of the RBI's February 12