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dna Money Must Reads: PM Modi leaves for two-day Iran visit; pitches for cashless transactions and more

Top 5 business news of the day.

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1. Modi leaves for two-day Iran visit: Chabahar port agreement top priority

Prime Minister Narendra Modi on Sunday left on a two-day official visit to Iran at the invitation of President Hassan Rouhani. Read more

2. Use Jan Dhan, Aadhaar, Mobile for cashless transactions: PM Modi

Prime Minister Narendra Modi on Sunday called upon the people to promote cashless transactions through Jan Dhan, Aadhaar and Mobile (JAM) to move forward to cashless society. Read more

3. HDFC Bank plans to open 500 new branches this fiscal

Private lender HDFC Bank plans to open about 500 new branches this financial year as part of its steps to expand footprint. Read more

4. Two years of Modi govt: Lot more required on tax disputes, NPAs, says Assocham

As the Modi government recently completed two years in office, industry body Assocham said "a lot more is required" to be done on tax disputes and concerns remain on huge toxic assets in the banking system. Read more

5. Bankruptcy law: Employees can seek attachment of promoters' assets

Lenders, shareholders and even employees can seek attachment of all immovable assets, including those abroad, given as guarantee for loans by the promoters of a company going belly up to recover their dues under the new bankruptcy law. Read more

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