<span style="color: #222222;">The government has announced an array of steps to check the rising Current Account Deficit (CAD), and the fall in rupee. </span><br />'' <br />'' <span style="color: #222222;">The steps include removal of withholding tax on rupee-denominated bonds known as Masala bonds issued till March next year, relaxation for Foreign Portfolio Investment (FPI), and curbs on non-essential imports. </span><br />'' <br />'' <span style="color: #222222;">The decisions were taken at a meeting chaired by Prime Minister Narendra Modi in New Delhi yesterday to review the state of the economy. </span><br />'' <br />'' <span style="color: #222222;">During the meeting, Mr Modi was briefed by RBI Governor Urjit Patel and officials of the Finance Ministry.</span><br />'' <br />'' <span style="color: #222222;">Finance Minister Arun Jaitley told reporters after the meeting that the government has decided on a number of steps to contain CAD, which widened to 2.4 per cent of the GDP in the first quarter of 2018-19. </span><br />''