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Recapitalisation plan in the works for India Post Payments Bank The government is exploring options to make India Post Payments Bank viable, which include infusing about Rs 2,000 crore into it and merging the institution with regional rural banks (RRBs). The payments bank, launched in January 2017, has not been doing well as a standalone entity and needs to be recapitalised, said an official in the know. At record Rs 1.19 trn, GST collections give FM confidence ahead of Budget A day ahead of the Union Budget, which is likely to report a huge fiscal deficit, the government has got some cushion with goods and services tax (GST) collection touching a record high of Rs 1.19 trillion in January. Since the figure pertained to collection till 6 pm on January 31, some more is expected to come into the government coffers for the month. GST collection surpassed Rs 1 trillion for the fourth straight month due to economic recovery and because of government measures to tighten its noose on

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