Shrimi Choudhary

The panel is likely to comprise market experts and SEBI officials and is expected to submit its recommendations within 60-90 days, sources said.

Vipin Kumar has been appointed Additional Secretary in the Department of Rural Development.

Govt sources say fiscal prudence remains a priority as Centre cuts FY27 borrowing target and focuses on longer-term debt management.

The proposed stake sale comprises the Centre's 30.48% holding and LIC's 30.24% stake in the bank.

The Council is expected to review how the GST rate changes have been implemented over the past year, rather than undertake another broad-based round of rate cuts.

The Finance Ministry stated that the government will continue UPI subsidies, adding that a 0.4% MDR will not be sufficient to run the UPI ecosystem.

The government is expected to ask Indian Banks' Association to devise a mechanism to ensure that merchant discount rate charge of 0.4% is not passed on to consumers, according to official sources.

Anup Bagchi, a seasoned ICICI Group veteran, has emerged as the leading contender to take the helm at HDFC Bank as its next Managing Director and Chief Executive Officer, sources told NDTV Profit.

It said negotiations for the upcoming bipartite settlement have also begun ahead of the November 2027 deadline, with the stated aim of completing the process well in advance.

ED alleged that Rs 7,635.9 crore, comprising Rs 4,600 crore in principal and Rs 3,035.90 crore in interest was transferred to Genpact Luxembourg, with FDI round-tripping and the NCD route were used to move funds abroad.

A key concern is the additional 18% GST burden on the MDR for small merchants. The issue could be taken up by the GST Council for review, an official said.

Sources reveal that Noel Tata, who holds veto rights on the board on behalf of Tata Trusts, disagreed with both proposals and has invoked his veto power to block the resolutions.

Under the new framework, UPI person-to-merchant transactions above Rs 2,000 will attract an MDR of 0.4% from October 15, subject to the prescribed cap. The GST at 18% will be levied on this MDR.

The government expects UPI transaction volumes to continue increasing next year despite the introduction of the new fee framework, according to the sources.

FPIs invested Rs 2,883 crore in the anchor portion, accounting for around 43% of the total book.

The meeting is aimed at engaging global companies as India seeks to attract investment across semiconductor manufacturing, packaging, equipment and other parts of the supply chain.

This statement was made with regards to having Meta address harmful and addictive content available on the platform.

The agency has asked officials to identify red flags and obtain details of preferential, undervalued, fraudulent and extortionate transactions.

PF wage ceiling: The government may raise the EPF limit to Rs 25,000 from Rs 15,000. Here's how it could affect PF contributions and take-home salary.

The NSE chief said a large number of investors are willing to buy the exchange's shares in bulk, pointing to strong institutional interest in the IPO.