dna Money Must Reads: From India-Iran's Chabahar port deal to Raghuram Rajan's RBI term extension, more

1. India-Iran sign Chabahar port deal: Why was it main agenda of Modi's trip?

India and Iran have signed the crucial Chabahar port agreement on Monday during Prime Minister Narendra Modi's maiden visit to the Persian Gulf country. Read more

2. Govt to invest Rs 800 crore to set up India Post payments bank

The Union Minister of Communications & Information Technology, Ravi Shankar Prasad on Sunday said that Centre will invest Rs 800 crore in India Post’s payments bank which will begin functioning from March 2017. Read more

3. Govt to take call on Raghuram Rajan's RBI term extension in August

The government will decide on Raghuram Rajan's term extension as the RBI Governor only in August, a month before his three-year tenure comes to an end, a senior official was quoted as saying by The Economic Times. Read more

4. Iran refuses to freeze output; oil prices dip

Oil prices dipped in Asia after Iran said it has no plans to join any output freeze by other major crude producers. Read more

5. India to invest billions of dollars in Chabahar free trade zone

India will invest billions of dollars in setting up industries -- ranging from aluminium smelter to urea plants -- in Iran's Chabahar free trade zone after it signed a pact to operate a strategic port on the Persian Gulf nation's southern coast. Read more