The Telecom Regulatory Authority of India on Friday asked telecom operators to stop tariffs plans with misleading titles like zero rentals, and asked them to show all monthly, fixed recurring charges under one head.
The decision on the fresh round of hike has been taken under the system of fuel adjustment component about which an announcement was made in the 2011-12 rail budget.
Modi said his government is carrying out "holistic reforms".
The operating profit growth rate of mobile service providers is expected to double in next two years buoyed by increase in call rates and clarity in policy, credit rating agency CRISIL has said.
Under the new plan 'Airtel Turbo', users will be charged 60 paisa per minute on all incoming calls while roaming. The 60 paise rate will also apply to local and STD calls within its own network.
A proposal to increase rail fare is under examination and a decision will be taken shortly, Railway Minister Mallikarjun Kharge said on Thursday.
The charges for security component of passenger service fees will not increase much and a passenger may have to bear an extra of Rs 50
The market valuation of Reliance Industries, the country's most valued firm, is fast nearing the Rs 10 lakh crore mark, surpassing British energy major BP Plc.
The Cabinet approved giving Bharti Airtel, Vodafone Idea Ltd and Reliance Jio an option to avail of a two-year moratorium on payments they were supposed to make in yearly installments for the spectrum bought in auctions.
New telecom operators such as Swan, Unitech, Datacom and Loop, and Reliance Communications have asked regulator Trai to reduce the termination charges, while existing GSM players, led by Bharti, want the 30 paise per minute charge to continue.
The move if implemented, will be a temporary measure to protect both consumers and airlines. A section of airline executives and experts, however, warned that any intervention in pricing would be counterproductive.
Airtel, Vodafone-Idea and other telecom operators may have to pay the government a whopping Rs 1.42 lakh crore following the Supreme Court order last week that sent shock waves through an industry already grappling with billions of dollars in debt and an intense tariff war to retain customers.
Total revenue dropped by 10.5 per cent to Rs 19,634 crore in the fourth quarter of 2017-18
'You have to hand it to Mukesh for sheer daring.' 'Who else in India would have sunk a stupendous $30 billion in a business that was yet to get a single customer?' 'With that, the older of the Ambani siblings has shown that he is in a class of his own,' says T N Ninan.
Mobile subscribers are in for a bonanza as telecom tariffs are set to come down by at least 25-30 per cent by the year-end. Factors such as a fall in the availability of international bandwidth, entry of new licencees and mobile virtual network operators, and the move to permit unrestricted Voice over Internet Protocol (VoIP) telephony will help bring down the tariffs.
As investors struggle to find quality stocks following the sharp rise in the benchmark indices, four brokerages give their picks.
Within 48 hours of coming to power, the Aam Aadmi Party government on Monday on its promise of supplying free water of 667 litres a day to each household but tempered it with a 10 per cent across-the-board hike in tariff.
Reliance Infocomm Ltd on Tuesday raised the national long distance call and GSM phone rates in the 50-200 km and 200-500 km slabs by Rs 1 per minute due to enhanced charges under the new interconnect user
'Life will not improve overnight; it will happen in a gradual manner.'
'There is a fiscal crisis building up, which might become apparent when the Finance Commission presents its report,' warns T N Ninan.
This would be a key function of the Airport Economic Regulatory Authority, to be set up to regulate tariffs, said a civil aviation ministry official.
The Rail Budget we have prepared is in the interest of the nation and railways.
Faced with numerous challenges relating to spectrum allocation, spectrum charges, tariffs and challenges on the regulatory front, the telecom sector hopes for positive steps in the Union Budget 2013-14 to provide the much needed momentum to the sector.
Faced with numerous challenges relating to spectrum allocation, spectrum charges, tariffs and challenges on the regulatory front, the telecom sector hopes for positive steps in the Union Budget 2013-14 to provide the much needed momentum to the sector.
India is today the second-largest telecom market in the world with over a billion customers and close to 600 million Internet users. New connections are available on the tap, calls are virtually free and it's hard to imagine anyone without a mobile phone today. Globally, there would be few parallels to this success story that truly democratised telephony and empowered a billion-plus people, observes Airtel's Sunil Bharti Mittal.
The Union Cabinet on Wednesday approved revision in guidelines for providing direct to home (DTH) services in the country under which licenses would be issued for 20 years, Union minister Prakash Javadekar said. The Union Cabinet has also approved 100 per cent FDI in the DTH broadcasting services sector, Javadekar said, adding that while the commerce ministry had spoken of 100 per cent FDI in the DTH sector, the guidelines of the information and broadcasting ministry needed to be changed.
Reliance Industries on Friday reported more than doubling of its March quarter net profit to Rs 13,227 crore as improvement in petrochemical and consumer business countered continued weakness in refining business.
The management plans to invest Rs 27,000 crore in 2019-20, supported by savings of around Rs 14,000 crore that it expects to come from synergising operations of merged entities.
But Tata Tele's latest offer fails to excite competitors.
Far from benefitting consumers, the new rules on roaming charges have opened another front in the battle between large and small operators.
In an apparent move to counter India's offensive over Pakistan's non implementation of SAFTA, Islamabad has charged New Delhi with not reducing tariffs on 350 items for itself and other nations falling under the Not Least Developed Countries.
The plan coming under 'Super Lifetime Prepaid' offers an Airtel user local outgoing tariff of Re 1 for life. Under this plan, the customer can stay mobile by paying just Rs 999 and they have to use a minimum of Rs 200 every 180 days to continue enjoying lifetime validity benefits.
After revising the food tariff for all trains except premier services last year, Railways have firmed up a proposal to increase the rates of food served in Rajdhani, Shatabdi and Duronto.
The company had received a loan restructuring package from banks under the 5/25 scheme last year.
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