Left Menu
Development News Edition

Telcos to opt for EMI moratorium; tariff to remain stable: COAI

PTI | New Delhi | Updated: 28-03-2020 18:11 IST | Created: 28-03-2020 18:11 IST
Telcos to opt for EMI moratorium; tariff to remain stable: COAI

Debt-ridden telecom operators are likely to opt for three-month moratorium to avoid cash crunch during the lockdown, industry body COAI said on Saturday. The telecom operators have spoken in favour of raising mobile call and internet rates at the earliest, however, they will keep the prices stable during the lockdown period, COAI DG Rajan S Mathews told PTI.

"There is debt of around Rs 1.6-2 lakh crore that telecom operators owe to Indian banks. They will opt three-month moratorium in loan repayment to help them maintain cash flow. It is a relief for them," Mathews said. The RBI on Friday allowed banks to put on hold EMI payments on all term loans for three months, slashed the cost of fresh borrowing by cutting policy interest rate by steepest in more than 11 years and infused a massive Rs 3.74 lakh crore liquidity as it joined the efforts of the government to counter the economic fallout of coronavirus pandemic.

Cellular Operators Association of India (COAI) also allayed fear of hike in tariff by the telecom operators. "Telecom companies understand market situation. They will give tariff stable for now," Mathews said.

Telecom operators have been asking for fixing minimum tariff for call and data rates. Vodafone Idea has suggested that the mininum rates should be fixed starting April 1, 2020. Mobile subscribers get access to 4G data at a price as low as Rs 3.5 per GB but if the floor price is fixed as demanded by telecom operators, mobile internet prices will rise 5-10 times from the current level.

Debt-ridden Vodafone Idea has proposed that the minimum price of data should be fixed at Rs 35 per GB, Bharti Airtel has proposed minimum price of Rs 30 per GB for low data users and Reliance Jio wants it to be hiked gradually to Rs 20 per GB..



Socio-economic Impact of Covid-19 on Women

Today, women and girls are facing a double whammy - their sources of income have dried up but the workload has increased. There is a great need for gender-sensitive policies to recover from the pandemic. ...

Tracking Cybersecurity: Laying the groundwork for tougher regulations post-COVID 19

The changes indicate that the tech industry is moving towards a paradigm shift over how it operates and, more importantly, how it is regulated....

Tax dodging in rich and poor countries alike, wealthy taxpayers often outwit the taxman

... ...

COVID-19 threatens to widen the digital gender divide

In a world that, all of sudden, has turned virtual, it has become absolutely essential to providing equal digital access and opportunities to the unconnected population, primarily dominated by women. ...


Latest News

Former Footballer dies of COVID-19 in Kerala, State's toll now 15

One more COVID-19 death was reported in Kerala on Saturday taking the toll in the State to 15. The 61-year-old deceased, Hamsa Koya, a former footballer who represented Maharashtra in Santosh Trophy, had returned from Mumbai with his family...

Boycott leaves BBC's Test commentary team citing COVID-19 concerns

Former England captain Geoffrey Boycott, who is 79, has ended his 14-year long association with BBCs Test Match Special commentary team citing concerns arising out of the COVID-19 pandemic. Boycott made the call ahead of next months home se...

Coronavirus: Latest updates on COVID-19 crisis around the world

Here are the latest updates on the coronavirus crisis in India and other parts of the world on Saturday. 1155 a.m.Odisha reports highest single-day spike with 173 COVID-19 cases as states total tally rises to 2,781. 1152 a.m.Pakistan regist...

Bangladesh players arrange pure water for Amphan-hit people

Bangladesh cricket team members, led by ODI captain Tamim Iqbal, have extended their helping hand to the sufferers of cyclone Amphan that hit the country last month amid the COVID-19 pandemicTamim arranged for pure water for the inhabitants...

Give Feedback