PM's home-for-all pledge could become India's subprime crisis

THE ECONOMIC TIMES Daily Newsletter

PM Modi's home-for-all pledge could become India's subprime problem Banks have been channeling increasing amounts of credit to affordable housing after Modi promised to provide a home for every family by 2022.

Govt's debt masterstroke puts Sensex atop 35K for first time Buying was across the board, with Nifty Bank index hitting a fresh all-time high of 26,324.

11 important questions on Aadhaar and its misuse, answered by the UIDAI UIDAI has issued detailed FAQs on the safety and security of the Aadhaar database. Here are the answers to all your doubts about the Aadhaar.

$6 bn in less than a month: TCS goes past Infy & Wipro in deal wins It's a stellar feat that has left many in the Indian IT sector in awe of the company's deep client connects and robust execution engine.

How to open a PPF account? Know its rules and benefits With interest rates on taxable fixed income investments coming down, PPF remains a suitable alternative for allocating debt portion of one's investment portfolio.

How Modi plans to double farmer income Higher investments by companies including Pepsi, Hindustan Unilever, which buy from farmers in some states, could boost incomes faster.

World to be riskier place in 2018: WEF Survey Globally, the environment-related risks top the charts, as per the survey of around 1,000 global leaders described by the WEF as members of its "multi-stakeholder communities".

Planning to dip into SIPs? Here are some choices Every mutual fund investor knows that a Systematic Investment Plan or SIP is the best way to invest in equity mutual funds to create wealth over a long period.

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.

Winning large deals key for IT companies in 2018: Balakrishnan The spending on legacy systems is still big even today but the challenge is how to improve the market share by winning large deals which are coming up for renewal and accelerate the growth. Middle class wants tax balm, FD relief; firms look for goodies too Hopes are running high, with investors pitching for more exemption in income tax slabs.

HUL Q3 profit jumps 28% YoY to Rs 1,326 crore, volume growth at 11% Sales for the quarter came in at Rs 8,323 crore compared with Rs 8,121 crore a year ago.

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.

Indians holding undeclared assets in Singapore may face penalty, prosecution If such accounts or assets haven't been declared to the Indian authorities, the holder could face prosecution under the harsh foreign black money law that was passed in 2015.

Budget 2018: What do the people want? ET presents the findings of LocalCircles Citizens' Budget 2018 that got more than 125,000 responses from 50,000 unique participants in 200 cities over three weeks.

IDFC Bank, Capital First merger: A study in contrast of two dealmakers After setting off on this banking adventure like the ones in Chad or Papua New Guinea, Lall completed the leg with him handing over the reins to Vaidyanathan of Capital First.

Should Monetary Policy Committee go beyond interest rates? The central bank has been employing OMOs fairly regularly to manage liquidity conditions in the market as can be seen from the following graph.

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