Public banks get a Modi lifeline with 10 riders

THE ECONOMIC TIMES Daily Newsletter

Modi govt gives public sector banks a lifeline with 10 riders The new set of guidelines, the finance ministry said, will stress on rigorous due dilligence, post-sanction follow-up on loans and separate asset management.

Raghuram Rajan's Budget tip for Arun Jaitley: Don't blow up the fiscal deficit Rajan said he believed India was a recovering economy in the face of rising oil prices and it needed to build growth in the face of adversity.

This Indian banker, Asia's richest, rings alarm bell: global stocks are underpricing risks Kotak said Narendra Modi's clampdown on cash is pushing investments into nation's stock market.

What can hamper Modi's dream to go all-electric by 2030? A 15-year-old law The rollout of the first 500 cars has already begun, and Phase 2 will see 9,500 electric cars being leased to government authorities on a pan-India basis.

Claiming HRA tax exemption in different rental situations Here are three scenarios young earners are likely to face while claiming tax exemption on HRA and how they can deal with it.

As sentiment revives, top business schools see more offers, higher pay There has been a resurgence in recruiter sentiment this year. Top B-schools are finally putting behind the challenges of last year's hiring season.

The Google Lunar X Prize's race to the Moon is over as TeamIndus & others come up short The organizers at the X Prize Foundation conceded that none of the five remaining entrants have a chance of getting off the ground by the deadline at the end of March.

Let's see if you like me after the budget: PM Narendra Modi to CEOs When CEOs were asked to comment on Modi's speech, everyone dished out the highest possible praise. But in private, many said the 52-minute speech was a bit too long.

From our Partners Making your first mutual fund investment Investors should also read the scheme related documents and understand the investment objective of the mutual fund scheme, know the securities in the scheme where money will be invested.

Global investors welcome to participate in railways upgrade: Piyush Goyal Goyal said the government wants to make the track safety systems very robust with the use of technology and it has already started the bullet train project. Over 150% returns in 13 months! This pizza party will last longer on D-Street Domestic as well as global brokerages do not expect any major speed breakers for the co.

No bullstops. Even 12,000 on the Nifty50 very much possible In terms of OI, the 12,000 call for now has the third highest base after 10,800 and 11,000 calls.

From our Partners Six smart things to know about bonus in insurance plans Not all life plans are eligible for bonus. Plans can either be participatory, thereby qualifying for bonus, or non-participatory, that do not qualify for bonus.

Can Aadhaar be for all purposes, asks Supreme Court SC wants to know how the unique ID of a person makes any difference in a networked world when the data was already available with private entities.

India means business in times of protectionism: PM Narendra Modi Modi laid out his vision for a new India in a multipolar world during his speech that touched upon cyber security, digital and big data revolutions, artificial intelligence, terrorism and climate change.

View: Realpolitik lessons for India from the way Israel won its neighbourhood Israel presents enough examples of aggressive foreign policy that India can follow to not cave in when the time comes for muscular approach.

View: Make it big, Mr Jaitley. India really needs a boost The fiscal deficit matters because it is a claim on the savings of the non-government sector. But the size of the budget is important too.

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