Written byDeepali Aggarwal ·
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Separately, Telangana's Finance Minister termed Centre's decision to put liquor and fuel under GST as an 'incorrect' move.
The world's largest furniture retailer IKEA will make its debut in India next month by opening its first store in Hyderabad on July 10.
IKEA which is also a top restaurateur will offer Indian shoppers local delicacies including samosas and biryani.
Also, to cater to the Hindu sensitivities in the country it will be replacing its beef meatballs with chicken and veggie balls.
After foraying into the banking space with Paytm Payments Bank, digital payments major Paytm has announced that it will now enter the Point-of-Sale (PoS) terminal business.
Notably, the PoS terminal business is a money spinner. There are around 31 lakh PoS terminals deployed across India, which in March alone facilitated 46 crore transactions worth Rs. 90,300cr.
The space is currently being ruled by banks.
Telangana's Finance Minister Etela Rajender has said that the Centre's decision to put liquor and fuel under the purview of the Goods and Services Tax (GST) is not a correct decision.
Adding that "if these products are brought under GST, state finances will be further reduced," the minister said that a state should have some autonomy in generating its own economy.
RBI Governor Urjit Patel today told the Parliamentary Standing Committee on Finance that the central bank has "inadequate" control over Public Sector Banks and need more control to oversee them.
He appeared before the panel over the banking sector's poor performance which includes growing NPAs and frauds.
The meeting will bring a result on the usage of internet and voice services on mobile phones in the Indian airspace.
DoT's highest policy-making body Telecom Commission last month cleared a proposal to allow wider in-flight connectivity.
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