New Delhi: The CBSE on Wednesday said it will re-conduct examination in the maths and economics papers for Class X and Class XII respectively following the leak of question papers even as a Delhi Police probe is underway.

"The CBSE has decided to re-conduct the examination to uphold the sanctity of board examinations and in the interest of fairness to the students," said a Central Board of Secondary Education (CBSE) statement.

The new dates for the examinations and other details will be hosted on the CBSE website within a week.

The CBSE held the exam for the Class XII Economics paper on Monday and the Class X Maths paper on Wednesday.

The board move comes after a handwritten note with the same questions as the CBSE question papers was found circulating on social media message application days before the exams in these papers were conducted.

Union Human Resource Development Minister Prakash Javadekar admitted to the paper leak and said a special team of the Delhi Police is investigating.

He said a gang is responsible for the paper leak and assured of a better mechanism to prevent more leaks from Monday onwards.

"The CBSE will issue the new dates for the re-examination very soon. We are devising a new system from Monday which will be leak-proof," Javadekar told reporters here.

"I have full confidence that police will apprehend the criminals. We will not let injustice happen to anyone... we are saddened by whatever has happened," he said, adding that an internal investigation is also underway to trace the source of the leak.

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New Delhi, Nov 22: Flipkart's co-founder Binny Bansal has stepped down from the board of PhonePe, the fintech company said on Friday.

PhonePe also announced the appointment of Manish Sabharwal as an Independent Director and Chair of its Audit Committee.

In this role, Sabharwal will be instrumental in upholding the integrity and effectiveness of PhonePe's financial reporting, internal controls, and risk management practices, he company said in a release.

"PhonePe also announced that Flipkart's co-founder, Binny Bansal has stepped down from its Board of Directors. Binny acquired PhonePe in 2016 and has been on its Board since then," the release said.

Commenting on the board rejig, Sameer Nigam, CEO and Founder of PhonePe said, "I would like to express my heartfelt gratitude to Binny Bansal for being one of PhonePe's earliest and staunchest supporters. His active engagement, strategic guidance, and personal mentorship have profoundly enriched our discussions. Binny will be missed!"

Nigam further said that Sabharwal's depth of understanding of India's macro economy, coupled with his leadership in shaping India's policies for education, employment, and employability will be invaluable as PhonePe continues to work ahead towards shared vision of a Viksit Bharat by 2047.

Sabharwal is Vice-Chairman of Teamlease Services, India's largest staffing and human capital firm.

Bansal played an instrumental role in Flipkart's acquisition of PhonePe way back in 2016 and had been on its board since then (the payments firm separated from Flipkart in 2022).