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Vodafone Idea Wants To Charge Rs 35 per GB From 1st April Vodafone Idea Wants To Charge Rs 35 per GB From 1st April

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Vodafone Idea Wants To Charge Rs 35 per GB From 1st April

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The telecom sector has been going through a bit of rough patch lately and we have kept you updated right since the start of all of this.

Last year, the court had upheld the government’s idea of Adjusted Gross Revenue (AGR), on which it calculates levies on telecom operators. The order led to a sick blow to the telecom industry, as the operators will now have to pay dues for the past 14 years, along with interest and fines.

Vodafone-Idea has been hit the worst by this and is under pressure to pay an estimated amount of Rs. 53,000 crore, of which it has managed to pay only Rs. 3,500 crore to the government yet.

Vodafone-Idea’s Demands to the Govt

Telecom companies have been left scrambling to pay dues after the Supreme Court on 14 February pulled them up for failing to comply with its October verdict. However, it is Vodafone-Idea that has been hit the worst.

Thus, in order to enable it to pay statutory dues and make it’s business sustainable, Vodafone-Idea has demanded fixing minimum tariffs for mobile data at Rs. 35 per GB, which amounts to 7-8 times of current prices, along with calls at 6 paise per minute, starting from April 1.

The company has sought 18 years’ time to clear the dues, including a three-year moratorium on payment of interest and penalty, to clear its AGR dues of more than Rs. 50,000.

To give you a reference, the current mobile internet prices are in the range of Rs. 4-5 per GB. The demand to raise call and internet rates from Vodafone Idea comes within three months of the company raising prices by up to 50%.

According to the company, an increase in mobile call and data rates will help it generate revenue to the same level as Vodafone and Idea individually generated in 2015-16. It says that it will take 3 years to get to that level after tariff hike, thus asking for a three-year moratorium for successful payment of AGR dues.

The company says that it would be in a position to meet its liabilities only if the government initiates steps including allowing set-offs for GST credit accumulated so far, and permitting staggered mechanism for payment of balance amount of interest, penalty, and interest on the penalty.

COAI Asks for a Minimum Floor Price

The Cellular Operators Association of India has urged the government to ensure that consumers pay a minimum floor price for using mobile services from April.

The government levies a license fee and spectrum usage charge based on revenue earned by telecom companies. Telecom companies and government had entered into a dispute over ascertaining revenue calculation.

However, the SC upheld the government method of calculating the revenues and ordered telecom operators to clear all dues by January 23, 2020.

The cumulative liability on telecom operators was estimated at around Rs. 1.47 lakh crore by the Department of Telecom in July 2019. For this, the COAI said that floor pricing is imperative to ensure the sector’s sustainability. The industry body represents Vodafone Idea, Bharti Airtel and Reliance Jio.

The industry body has sought that the GST credits lying with the government be adjusted against the dues payable by telcos. It has also sought that after this adjustment, the payment of balance amount of interest, penalty, and interest on penalty be allowed in a staggered manner.

The government may consider granting loans equal to the AGR amount at a 6% rate of interest so that the AGR liability may be discharged immediately.

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Rajesh Bethireddy is the latest popular name in the fashion circle from telugu states

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Rajesh Bethireddy

 

Fashion and trends have always been common points of discussion, however last decade can can be dedicated to men’s fashion as they have been able to shift the focus majorly which was only their on women’s fashion and trends. And this shift can be attributed to men’s fashion models and influencers. Although there are many young men out there who are either professional model or influencer but rarely are both. Meet Rajesh Bethireddy, 26, who is a model and fashion influencer. Rajesh Bethireddy is extremely occupied carrying both the professions with equal dedication.

Hyderabad based Rajesh Bethireddy is a software engineer by profession but he is also a successful model and fashion influencer. So far, Rajesh Bethireddy has worked with some brands and looking to act in TVCs for men’s lifestyle and fitness brands.

Rajesh Bethireddy turned fashion influencer in no time; right after he began his Instagram journey. Today, he enjoys more than 14,000 followers on his Instagram page, who hang on to his posts that dole out fashion advice. Besides, he also uses his Instagram account for popular brand collaborations like kolon natural,blendjet etc

Within 6 months of diversifying thus, Rajesh Bethireddy is already a darling in the Telugu states fashion circle. He believes that a ‘well-planned entry and a smart work’ are the two stepping stones to establish yourself into a cut-throat competitive business like this.
As for remuneration, apart from the monetary and exciting returns, Rajesh Bethireddy understands that “every moment is exciting when you turn your passion into profession.”

Well we wish him all the best for his future endorsements.

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Famous Football Player Cristiano Ronaldo Tested Positive for COVID-19

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Cristiano Ronaldo

Famous football player Cristiano Ronaldo has been tested positive for COVID-19 coronavirus. He will miss Portugal’s Nations League sport against Sweden on Wednesday.

Due to Cristiano been found positive, the remaining players of the Portugal squad also underwent tests this Tuesday morning. But all of the negative and would be available for the upcoming match against Sweden.

We pray for his speedy recovery.

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Thousands of people protesting over Kyrgyzstan election result

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Kyrgyzstan Protest

Thousands of people are protesting in Kyrgyzstan over allegations of vote-buying and intimidation in Sunday’s parliamentary election. The capital Bishkek saw the largest protest while rallies were also held elsewhere in the ex-Soviet republic.

Only four parties out of 16 passed the 7% threshold for entry into parliament, three of which have close ties to President Sooronbai Jeenbekov. International monitors have said the claims of vote-buying are “credible”.

None of the established opposition parties got a seat in parliament. Now all of these parties have declared that they will not recognize the results of the election. Opposition candidates are calling on the Central Electoral Commission in Kyrgyzstan to cancel the results of the vote. One candidate, Ryskeldi Mombekov, told a crowd of more than 5,000 protesters: “The president promised to oversee honest elections. He didn’t keep his word.”

Mr. Mombekov’s party, Ata Meken, had been confident of entering parliament, but in the end, it was one of the eight parties that missed the threshold. Protesters are also calling on President Jeenbekov to resign. Thomas Boserup, head of the Organisation for Security and Cooperation in Europe’s election observation mission, said in a briefing that although the vote had been “generally well organized”, allegations of vote-buying were a “serious concern”.

The two leading parties, which got a quarter of the vote each, were Birimdik and Mekenim Kyrgyzstan. President Jeenbekov’s younger brother, Asylbek Jeenbekov, is in Birimdik.

Mekenim Kyrgyzstan, meanwhile, is seen as being closely connected to the powerful Matraimov family. The family’s figurehead, Rayimbek Matraimov, is believed to have helped finance Mr. Jeenbekov’s successful presidential campaign in 2017.

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