LIVE MARKET TRACKER :   BSE SENSEX        |    NSE NIFTY    
GLOBAL MARKETS :  NASDAQ      |    FSI London      |    NIKKEI Japan  
  USD GBP EUR CAD AUD INR
USD -
GBP -
EUR -
CAD -
AUD -
INR -
Indian-Commodity  :  Top News  :  Government should move to a flat 1 per cent levy for SUC as suggested by Trai : COAI

Government should move to a flat 1 per cent levy for SUC as suggested by Trai : COAI (14-Jul-2016)

Voicing agreement with Telecom Regulatory Authority of India (Trai) decision on spectrum usage charge (SUC), a grouping of GSM telcos, Cellular Operators Association of India (COAI) has said that the government should move to a flat 1 per cent levy for SUC as suggested by Trai or clearly specify a timeline in case it decides to adopt an interim weighted average formula recommended by Trai recently as temporary option.

The group said that Cabinet and the Telecom Commission are not so constrained and should move to what Trai sees as the appropriate SUC regime, which is a flat SUC rate, and not a weighted average approach. However, COAI said that if the Cabinet decides to adopt an interim weighted average method, it should clearly specify in the NIA (Notice Inviting Applications) when it intends to move to a flat spectrum usage rate, as recommended by the telecom watchdog

Trai though had reiterated its stand of a flat SUC, terming it the best option; it had recently proposed a new weighted average formula to calculate SUC for telecom operators to replace the existing formula used by DoT. It added that a weighted average formula to calculate SUC is a best temporary solution. The new formula takes into account the 'bid values' of each bandwidth to the existing weights as the sole quantity of airwaves is not a sufficient weight and revenue arising out of each bandwidth should also be taken into account. However, since revenue segregation cannot be done, the bid amount paid by an operator was indicative of the revenue expected from that bandwidth. Trai has made its suggestions to the DoT which will forward it to the cabinet for a final approval.

Spectrum auction was earlier planned by DoT in July, in which airwaves worth Rs 5.66 lakh crore will be put on the block, but with the Cabinet asking for Trai's view on SUC; it deferred the sale, till September. The government plans to raise around Rs 5.76 trillion if the entire spectrum gets sold at the reserve price.


Top News Today
MTNL investing Rs 190 crore to upgrade services
(21-May-2018)

MTNL investing Rs 190 crore to upgrade servicesMahanagar Telephone Nigam (MTNL) is investing Rs 190 crore to upgrade its services and may also get 4G spectrum, which will support the company to stay relevant in the highly competitive market.MTNL was......click on news to read complete article.

RIL gets environmental clearance for expansion project in Maharashtra
(21-May-2018)

RIL gets environmental clearance for expansion project in MaharashtraReliance Industries (RIL) has received environment clearance for the expansion and optimisation of its petrochemical complex at Nagothane in Raigad district of Maharashtra at an estimated cost of Rs 2,338......click on news to read complete article.

L&T's arm bags two orders from HURL
(21-May-2018)

L&TLarsen & Toubro's (L&T's) wholly owned subsidiary -- L&T Hydrocarbon Engineering (LTHE) in consortium with TechnipFMC has won two significant orders from Hindustan Urvarak and Rasayan......click on news to read complete article.

International Stock News
Asian markets trade firm as US-China trade tensions ease
(21-May-2018)

Asian markets trade firm as US-China trade tensions easeAsian markets are trading mostly in green in early deals on Monday, after fears of a trade war between the U.S. and China receded following weekend developments. U.S. Treasury Secretary Steve Mnuchin said......click on news to read complete article.

US markets closed mostly lower; Dow ekes minor gain
(19-May-2018)

US markets closed mostly lower; Dow ekes minor gainThe US markets closed lower on Friday, with major indexes posting modest weekly declines as investors grappled with lingering uncertainty over trade negotiations between the US and China, as well as bond......click on news to read complete article.

US markets closed mostly lower; Dow ekes minor gain
(19-May-2018)

US markets closed mostly lower; Dow ekes minor gainThe US markets closed lower on Friday, with major indexes posting modest weekly declines as investors grappled with lingering uncertainty over trade negotiations between the US and China, as well as bond......click on news to read complete article.

 

     
  
Recent Top News News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.