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Business Standard News Digest: Jio beats Facebook & WhatsApp and more

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Gold edges higher, awaiting direction on US rates
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BS Web Team
The government has clarified that gold inherited or purchased out of disclosed income will not be taxed. No seizure of gold jewellery to extent of 500 gms per married lady, 250 gms per unmarried lady and 100 gms per male, Finance Ministry said. Read about it here

RIL Chairman, Mukesh Ambani announced that Reliance Jio has acquired 50 million subscribers in the last three months, beating Facebook, WhatsApp and Skype in growth. He also announced the big Jio move of extending free calls and data services to new users till 31st March 2017. Existing users will also get