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RIL chairman Mukesh Ambani

RIL chief Mukesh Ambani announced that Jio has the world's cheapest data plan, which effectively costs Rs 50 for one GB (rates go down further with higher data plans). Subsequently, Ambani unveiled tariff plans that range from Rs 149 to Rs 4,999 for 28 days.

 
 
Flipkart had also been reported to having dismissed 700 employees to cut costs, though the company clarified that it had done so to weed out underperformers.
After much haggling and a near 10-year delay, the "revolutionary" Goods and Services Tax (GST) Bill was passed in the upper house of Parliament on Wednesday.
The Telecom Commission has reportedly decided to stick to its weighted average formula for the controversial spectrum usage charge (SUC) rates.
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