Paytm founder resigns as Director, FM opts out of GoM on IGST : News Reel: Business Today
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Paytm founder resigns as Director, FM opts out of GoM on IGST

BusinessToday.In | December 11, 2019
Paytm founder Vijay Shekhar Sharma has resigned as the Director of Paytm Financial Services in wake of Reserve Bank of India's regulation that prohibits a payments bank chairman to also hold a directorial position in an NBFC unless it's a subsidiary of the bank; The Centre has changed the composition of its Group of Ministers (GoM) on the Integrated Goods and Services Tax (IGST) after Union Finance Minister Nirmala Sitharaman decides to opt-out of the ministerial panel headed by her; Sales of passenger vehicles declined 0.84% to 263,773, compared with 266,000 in the year-earlier period, ADB lowers FY20 growth forecast for India to 5.1% and more on the daily business news wrap News Blast.



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