finance Archives — LIRNEasia


According to a recent report households that do not have broadband access could be spending a fortune on other household goods and services. Over recent years an increasing number of consumers have started to use the Internet to find the best deals on everything from holidays and cars to household goods, entertainment, finance, services, and more. The increased Internet access that has come about as a result of more and more people getting onto broadband connections has meant that consumers have been able to scour the web to get the best deals, thus saving money on other products and services. A recent report from the Post Office service has suggested that homes that do not have broadband access and therefore are not able to get online to look for these savings could be paying far more than they need to for many of their goods and services, with some spending more each month due to lack of savings than it would cost them to get online via broadband. In fact the research suggests that some households without broadband could be spending around seventy pounds a month more for their goods and services than those that do have broadband and are […]
The government promised a broad-ranging environmental levy in the last budget speech.   Some sensible people inside government appear to have defanged what could have been a very nasty piece of legislation. The Bill that is scheduled to be debated in Parliament on the 19th of March makes provision for the levy to collected by telecom operators and paid to the Telecom Regulatory Commission and then to the Environmental Conservation Levy account of the Consolidated Fund.   The other levy collector is the customs.   The removal of the complex collection procedure mentioned in the Budget Speech is definitely an improvement.
State-owned telco BSNL on Monday said it plans to launch India’s biggest IPO to raise over US$10 billion. “The company is valued at well over US$100 billion. We are looking at offloading up to 10% stake, subject to government approval,” BSNL finance director S K Saxena told reporters. When asked about the development, telecom minister A Raja said: “The government is considering it (an IPO). The department of telecom (DoT) will discuss the issue and take a final decision soon”.

A triumph of reforms?

Posted on December 27, 2007  /  0 Comments

The story of telecommunications reforms in India offers a fascinating example of how determined leadership can overcome even the fiercest opposition to reforms, says Arvind Panagariya The total number of phones in India as of October 31, 2007 is placed at 256 million. India has been adding phones at the rate of 6.65 million per month. Tele-density — the number of phones per 100 individuals — now stands at 22.52.
India’s finance minister Palaniappan Chidambaram said Monday in Washington, “Regulation must stay one step ahead of innovation”.  He said the developed countries’ financial authorities are not keeping up with the new and complex financial market instruments that lay behind recent credit market turmoil.  “Thanks to the present crisis which originated in the advanced economies … I think developed economies will listen more to the developing economies’ point of view,” Chidambaram remarked.  “In the name of innovation, regulators or governments in the advanced economies have fallen behind the curve.” The time has come for the developed world to attend to its own problems, and stop lecturing emerging economies about what is right and what is wrong, he said.
May 26, 2005 (Economic Times via NewsEdge) India’s Ministry of Finance has asked the Department of Telecommunications (DoT) to allocate a 3G spectrum to mobile operators through the auction route. According to the ministry, it is DoT’s responsibility to price spectrum as per international practices, citing the example of Europe and the US, where governments fetched billions of dollars in revenue by auctioning spectrum. The ministry has also said that pricing of spectrum should not be in TRAI’s domain. The finance ministry has taken the position that pricing of radio spectrum is not a regulatory issue, and hence, should not have been referred to the telecom regulator. Instead, it has argued that receipts from radio spectrum should accrue to the government as non-tax revenue.