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Pushed to the brink, Vodafone Idea gets a momentary breather

A Vodafone Idea collapse could have negative impacts on not just the telecom, but on banking as well.

tariff revision

Feb 19, 2020, 10.00 AM IST

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TARIFF REVISION

Jio, Airtel, Vodafone Idea oppose Trai's tariff plan transparency

All three telcos have strongly discouraged the sector regulator on the need to publish details of all plans, including those not on offer but active. They said publication of withdrawn offers, active only among a few users, would create confusion, leading to a surge in customer complaints.

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  • India is open to greater market access for American farm and dairy products and lower duties on Harley-Davidson.

    The Telecom Regulatory Authority of India (Trai) on Tuesday proposed to do away with a fix rate of 50 paise for each SMS sent beyond a daily limit of 100 messages per SIM. In its tariff order in November 2012, Trai had notified a minimum rate of 50 paise to curb menace of pesky messages.

    The revised terms, submitted on Friday, include upfront payment of ₹2,500 crore to lenders.

    On Oct. 18, Washington imposed the original 10% duties on Airbus aircraft and 25% tariffs on a range of European consumer exports, like cheeses and Spanish olives. The US list continued to spare an Alabama Airbus plant that assembles single-aisle aircraft like the A320 by not hitting airplane parts.

    "Hospitals keep on changing tariffs on a regular basis. There is no body to check that. The regulator does not allow insurance companies to raise premium every year though there is around 10-15 per cent inflation of hospital charges at present," Irdai member (non-life) T L Alamelu said.

    Odisha Chief Minister Naveen Patnaik on Friday announced a hike of 5 per cent Dearness Allowance (DA) for government employees with retrospective effect from January 1, 2020. The state government also announced to clear the 10% arrears pending on account of retrospective implementation of 7th Pay Commission's recommendations.

    Bound tariffs are the ceiling rates beyond which countries cannot raise duties. “Simplification of tariffs is something that we have consistently been demanding as part of the agriculture negotiations,” an official in the know of the development said. India raised the subject at a recent meeting on agriculture issues at the World Trade Organization (WTO).

    In an eerie feeling of deja-vu some 20 months on, the latest auction of storage-based solar project with assured peak-hour supply may have driven another nail into the coffin for coal by setting a world record for cheapest solar storage power.

    US President Donald Trump signed a proclamation two weeks ago to raise tariffs on derivative steel and aluminium imports to cover nails, staples and other downstream products, calling it "necessary and appropriate", Xinhua reported.

    Removal of the ceiling tariff has been a long standing demand of the industry. Developers maintain that tariffs are too low and it restricts them from participating as well as stymies the progress of renewable energy.

    The trade body has said that the sugar output could fall to the lowest level in three years.

    The reductions come about three weeks after the two countries signed the Phase 1 trade deal in Washington. That agreement included China's promise to boost purchases of U.S. goods and services by $200 billion over two years in exchange for the United States rolling back some tariffs imposed against Chinese goods.

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