TELCOS EARN RS 250 CRORE DAILY, YET CALL DROPS CONTINUE: TRAI
The Telecom Regulatory Authority of India (Trai) on Thursday defended before the Supreme Court the decision to charge telcos for call drops alleging that a cartel of fourto-five operators having a billion subscribers are raking in Rs 250 crore a day but not investing in their networks to check the problem.
"There is a cartel of four-five telecom companies having billion subscribers who are making Rs 250 crore a day from outgoing calls. They have stupendous growth, but they are making minimum investment on their network to improve the quality of service on their networks to curb call drops," attorney general (AG) Mukul Rohatgi, appearing for Trai said.
The AG also defended the penalty imposed by the regulator on telecom firms saying it will be around Rs 280 crore and not thousands of crore as was being claimed by the service providers. Earlier, the telcos had said that consumers who opt for inferior quality cell phones and grey market handsets are responsible for 36 per cent of call drops.
"Thirty six per cent of call drops are consumer-related. If you get a phone from a grey market, calls will drop. Then your mobile has to be powerful enough to draw a signal; the tower may be far. Inferior quality of your mobile could be another reason," senior lawyer Kapil Sibal, representing the Cellular Operators Association of India, had told the Bench.
ICAI:
The Cost Accounting Standards Board (CASB), the Standard-setting body of the Institute of Cost Accountants of India, has approved the release of Exposure Draft of Guidance Note on ‘Treatment of Costs Relating to Corporate Social Responsibility (CSR) Activities’. The exposure draft is hosted on the Institutes website for obtaining suggestions and comments. The Exposure Draft of the Guidance Note will be modified in light of comments/ suggestions received before being issued in final form. Submit your views / comments / suggestions on the Exposure Draft latest by 18th May 2016 through email at casb@icmai.in .
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