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Business & Economy
International call rates
to fall by 70 per cent
What is India News Service,
Saturday, 12 March 2005, 2000 hrs IST
International telephone call rates and Internet and broadband tariffs may come down further as the Telecom Regulatory Authority of India (Trai) today
slashed international bandwidth prices by 70 per cent.
International bandwidth is the medium of carriage of data and voice services across countries in the world. The international bandwidth service is provided through international private leased circuits (IPLC). It is generally provided through submarine cable systems and satellite media and in India submarine cable systems is the most predominant mode of delivery of IPLC services. The providers of the service are the International Long Distance operators. The main users of IPLC in India are Internet service providers, informational technology (IT) and IT-enabled service enterprises like business process outsourcing units and international long-distance operators.
Trai has announced that the ceiling tariff for IPLC half-circuit in respect of E1, DS-3 and STM-1 capacities are Rs 13 lakh, Rs104 lakh and Rs.299 lakh per annum, respectively. Operators are at liberty to offer tariffs that are lower than the ceiling tariff. These ceiling tariffs fixed result in a reduction of 35per cent, 71per cent and 70per cent in tariffs for E1, DS-3 and STM-1 capacities, respectively (as compared to the existing listed price prevalent in the market for the distant destination i.e. India-USA).
A victory for Lodha: The Calcutta High Court today dismissed the caveatable interest of three Birla family members in the dispute over the property of the late M.P. Birla and his wife Priyamvada.
A Siddagramaiah budget again:
The finance minister presented a Rs 49 crore surplus budget cashing in on the revenue performance of the State\92s own taxes.
Goa Cong demands probe into IFFI contracts:
Pratapsingh Rane lamented that the state capital could not undertake civic works ahead of monsoon because of the film festival cost overruns.
'Hosiery corp being sold at throwaway
price': Retrenched employees of the defunct Punjab State Hosiery and Knitwear Development Corporation have demanded a CBI enquiry into the alleged misappropriation of funds by a former official of the corporation, which is being sold off. The employees have also alleged that the corporation is being sold at a \93throwaway price of Rs 5 crore though its value is almost Rs 70 crore\94.
Ebony plans own brand of fashion wear:
Retail player Ebony\92s target, this year, is the growing youth population. Conscious of the need of fashionable branded clothing at reasonable rates, the Ebony chain of stores is all set to introduce its brand name in the market.
Industrial growth up:
Buoyed by a robust performance in the manufacturing sector, industrial growth clocked a strong growth rate of 8 per cent during January 2005 and posted a 8.4 per cent growth in the first ten months (April to January) of the current fiscal year.
Emcure launches first 3-in-1 AIDS pill for kids:
The three-in-one AIDS drug for adult HIV/AIDS patients was developed in India. And now a similar combination drug for children is also being launched by an Indian company \97 the Pune-based Emcure Pharmaceuticals Ltd to be precise.
Airfares hit a low as airlines focus on India: The airfare war, which began in December last year, has now entered its final lap as prices are expected to rise after March 31.
'India's competitiveness is on the downslide':
Minister Kamal Nath launched the 'Business Partnership Programme for Promoting Competitiveness'.
18 Himachal PSUs in red:
As many as 18 out of the total 23 public sector undertakings in Himachal Pradesh have been perpetually in the red with total accumulated losses amounting to Rs 817 crore as on March.
S'pore seeks 210 weekly flights to India:
In the largest ever flight permission Singapore authorities have sought the nod to operate 210 flights every week to India.
A cruel change in the name of `global practice':
Mr Chidambaram is probably unaware that provident fund is the lone corpus on which retired old men and women live and if that gets pruned they will find living tortuous.
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