Telecom tariffs are likely to fall as the Telecom Regulatory Authority of India substantially lowered access deficit charge, a levy paid by private operators to BSNL for rural operations.
There is a scope for 30 per cent reduction in mobile tariffs if the government brings down current taxes on telecom industry, Sunil Mittal, chief managing director, Bharti Enterprises said on Tuesday.
The government may take the first step towards fiscal consolidation in Budget 2010-11 by partially rolling back tax cuts given to the industry last year. The service tax rate may be restored to 12 per cent, while excise duty could be increased marginally.
The cellular phone industry will be able to lower the tariffs if the access deficit charge is brought down, according to Sunil Mittal, the CMD of telecom major Bharti.
Telecom regulator TRAI has postponed the announcement of reduction in Access Deficit Charge in view of strong opposition from the incumbent operator Bharat Sanchar Nigam Ltd.
Telecom Regulatory Authority of India said on Thursday that the current access deficit charge of 11 per cent must be brought down to lower the tariffs and enable the sector achieve higher mobile growth like China.
Telecom tariffs are likely to come down further with the Telecom Regulatory Authority saying on Wednesday that it would recommend lower access deficit charge
Softening its stand on reduction in access deficit charge, a levy paid by private operators to BSNL for rural telephony, the department of telecom on Tuesday said the Telecom Regulatory Authority of India must ensure that by doing so the revenues of
The finance ministry has kicked off the budget exercise for 2005-06, discussing with four ministries the expenditure outlay and areas of austerity measures besides working on the broad contours of tax reforms.
The forthcoming budget is an excellent opportunity for the Government to fulfill its promise of high economic growth.
'Well, what can be done now, when the economy is tanking? 'Austerity', the officials cry. That would be fine, but austerity by whom? Normally, the answer is: Belt-tightening by the common man (Indians already pay some of the highest prices in the world for petroleum products, and a lot of that is punitive taxes), but ostentatious spending and extravagance by the political classes and their cronies,' says Rajeev Srinivasan.
Institute of Economic Growth on Friday said domestic interest rates are set to rise in the short term due to surging inflation and hike in international rates.
Telecom Regulatory Authority said on Friday that it is planning to cut access deficit charge for incoming international calls to Rs 2 a minute from the prevailing Rs 4.25 per minute.
Under attack from Left parties for slashing EPF rate to 8.5 per cent, the government on Tuesday assured the Lok Sabha that it would not hesitate raising the interest rate if there was surplus fund by the end of the financial year.
Terming Kelkar panel's proposals as "radical", Finance Minister P Chidambaram on Saturday said a comprehensive tax reform will be implemented in the next Budget after a consensus from all sections.
Unveiling far reaching fiscal reforms to improve tax mop up and wipe out revenue deficit by 2009, the Kelkar panel on Friday proposed a single countrywide goods and services tax, removal of tax exemptions and raising income tax slab to Rs 100,000.
The central government's gross tax collections rose by 20 per cent to Rs 17,297 crore (Rs 172.97 billion) during the first two months of 2004-05.
Economists on Saturday urged Finance Minister P Chidambaram to give a "big push" to the economy by stepping up investment in agriculture and infrastructure besides rationalising taxes, introducing value added tax
The Telecom Regulatory Authority of India on Thursday said it would take a decision next week on cellular operators' complaint against Bharat Sanchar Nigam Ltd's latest international and STD tariffs.
Close on the heels of a UN body projecting a slowdown for India, National Council for Applied Economic Research said on Monday that the economy was expected to grow by only 6.7 per cent this fiscal due to an all round deceleration in agriculture
UN's Economic and Social survey for Asia and Pacific has warned that India's GDP growth may dip to 6% this year due to lower farm output.
Most emerging economies may be returning to growth, but they are performing well below their potential.
The recently released RBI First Quarter Review of Monetary Policy 2009-10 and the accompanying 'Macroeconomic and Monetary Developments First quarter review 2009-10 have indicated that on the basis of Balance of Payments (BoP) the export growth for 08-09 has declined by over 22% to 5.4% and also the import growth has declined by over 21% during the same period.
The Supreme Court on Friday ended the legal challenge to the government's decision to drastically reduce the admission fee to the prestigious Indian Institutes of Management by disposing of a petition on the issue.
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