2021 to ring in spectrum auctions, potential tariff hikes for telecom sector
2021 to ring in spectrum auctions, potential tariff hikes for telecom sector
NEW DELHI: Having narrowly escaped a financial collapse, the telecom sector is now headed for an auction of airwaves in the next quarter, which combined with telcos’ network investment compulsions and AGR liabilities could hasten tariff hikes in 2021.
The Indian telecom market, which once had nearly a dozen operators, has in recent years seen exit of some prominent names due to cut-throat competition and legal cases.
It may have been on its way to becoming a two-player market in 2020, but the Supreme Court agreed to give up to 10 years to telcos to clear Rs 1.47 lakh crore of past AGR (Adjusted Gross Revenue) dues. The apex court’s decision this year gave a much-needed breather to struggling telecom companies that had been on a razor’s edge since October 2019 when the apex court upheld the government’s position on incl
Manufacturing units paid Rs 35,634 crore GST under previous electronics manufacturing incentive scheme
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Synopsis
The scheme provided a major boost to electronics manufacturing in the country, but after it closed last year, the government followed it up with three mega incentives totalling Rs 50,000 crore, with a significant chunk reserved for the PLI scheme.
Agencies
NEW DELHI: Manufacturing units paid Goods and Services Tax (GST) worth Rs 35,634 crore under a previous electronics manufacturing incentive scheme where the subsidy provided was just Rs 1,021 crore, indicating substantial cost benefit for the government and expectations that GST will only increase under the new Production-Linked Incentive (PLI) scheme.
Synopsis
The Indian telecom market, which once had nearly a dozen operators, has in recent years seen exit of some prominent names due to cut-throat competition and legal cases.
Agencies
The impending industry-wide tariff hike would improve financial metrics of companies and market watchers believe that 2021 could, well, turn out to be a year of significant industry repair.
New Delhi: Having narrowly escaped a financial collapse, the telecom sector is now headed for an auction of airwaves in the next quarter, which combined with telcos network investment compulsions and AGR liabilities could hasten tariff hikes in 2021. The Indian telecom market, which once had nearly a dozen operators, has in recent years seen exit of some prominent names due to cut-throat competition and legal cases.
New Year New Hopes as companies seek silver lining in 2021
India
Published: Tuesday, December 22, 2020, 17:17 [IST]
New Delhi, Dec 22: The appliances and consumer electronics industry, which lost around 25 per cent of annual sales in the COVID-19-hit 2020, expects to regain the lost ground next year through a special focus on digital initiatives, emerging trends, change in consumer behaviour as well as the impetus to ramp up domestic manufacturing activities.
From WFH to DIY, 2020 has been unique with many challenges and possibilities for the industry. Leading brands witnessed rapid increase in digital consumption, changes in demands where more consumers are seeking value propositions with a comfortable, convenient, and connected experience to support a changed lifestyle amid the coronavirus pandemic.
India must get its manufacturing policy right this time
Photo: Priyanka Parashar/Mint
Arun Maira
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Two headlines in Mint (17 December 2020) point to a window of opportunity for India to fix a festering problem of its economy. The first: “India in a Deglobalizing World ; and the second: “PLI Wind in Sails for India Inc. India’s manufacturing sector lacks sufficient depth for a large country. Depth in manufacturing provides security against foreign threats; it is the foundation for sustainable competitiveness in international trade; and it provides pathways for wages to rise. India needs all the three and now is the time to address this.