The Modi government has proposed that the RBI board draft regulations that will enable it to set up committees to monitor tasks such as financial stability, monetary policy transmission and foreign exchange management.

On Friday, Thugs of Hindostan managed to earn only Rs 1.25 crore, against Rs 2.75 crore on Thursday, taking its overall box office collection to Rs 135.50 crore.

The investment follows comments from finance minister Arun Jaitley last week that Visa and rival Mastercard were losing market share to domestic payments networks.

According to industry sources, Singh is expected to join Flipkart in December, and will work closely with Flipkart CEO Kalyan Krishnamurthy.