News digest: PSU bank recapitalisation, Nilekani versus Murthy, and more

From Trai's fresh clarification on internet telephony rules to NDA govt's track record in farm spending, BS brings you up to speed with latest news

Govt clears Rs 2.11 lakh crore bank recapitalisation plan

With economic revival being big on the agenda, the government on Tuesday unveiled a Rs 2.11-lakh crore support for public sector banks (PSBs), struggling with mounting bad loans, in order to spur “genuine” infrastructure lending for upcoming mega projects.

The move is aimed at creating jobs and boosting economic growth, which slumped to a three-year low of 5.7 per cent in the first quarter of the current financial year. Read more

In a snub to Murthy, Infosys gives Sikka thumbs up; cuts FY18 guidance

Infosys co-founder N