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News digest: Paradise Papers leak, Cong steps up GST offensive, and more

From Paradise Papers probe to Anil Ambani-owned Reliance Communications skipping interest payment to its bond holders, Business Standard brings you up to speed with the latest news

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Sebi plans further rise in public float The Securities and Exchange Board of India is mulling another increase in minimum public shareholding (MPS) requirements from the current 25 per cent to 30 per cent, or even 35 per cent, said three people in the know. The discussions at the market regulator’s end are, however, at a nascent stage, clarified one of them.  India has traditionally been a promoter-driven market and increasing the threshold will ensure wider ownership through institutional investors, more market depth and better corporate governance standards. Read ...