News Digest: FM to take steps to cut CAD, Foxconn's Odisha plan, and more

Five states -Chhattisgarh, Rajasthan, Madhya Pradesh, Mizoram and Telangana - would go to the polls between second week of Nov and first week of Dec

Govt will meet fiscal deficit goals, fresh steps on cards to narrow CAD: FM

Union Finance Minister Arun Jaitley on Saturday promised more steps to cut the current account deficit (CAD) and bolster foreign exchange inflows, seeking to calm frayed nerves amid a stock market crash and falling rupee.

Jaitley said India would continue to be the leading destination of foreign direct investment despite the adverse global situation, but added there could be some transient problems. He reiterated that maintaining fiscal prudence was one of the top priorities of the government. “You can afford to take liberties only when fiscal position is