Govt plans project to know active mobile user base

New Delhi: The government is planning to carry out a pilot project to find the actual number of mobile telephone users in the country, which according to the operators stands at 670 million now, reports PTI.

The decision comes amid reports that the subscriber numbers reported by the operators were incorrect and does not give a true picture of the number of actual mobile users in the country.

In a the meeting of the Telecom Commission held last week, it was decided that "...an exercise should be done on pilot basis in a representative area to know the actual number of active users as against the number of active SIMs in that area."

At present the Telecom Regulatory Authority of India (TRAI) releases subscriber figures as recorded in the Home Location Register (HLR) of the telecom service providers. It gives record of total number of SIMs sold and not active subscribers.

A HLR is a database of user (subscriber) information, customer profiles, used in mobile (cellular) networks. HLR counts multiple SIM issued to an individual as a separate connections.

Based on HLR record, TRAI stated that the total number of wireless subscribers in the country reached 670.60 million in the country in August.

The Visitor Location Register (VLR) data gives the details of active customers at a given point of time. VLR is more authentic in knowing the active subscriber numbers.

Although no official figures are available for non-active subscribers, some estimates show that actual number of subscribers may not be more than 500 million.

This, however, could not be ascertained either from the government or operators.
 

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Dhanlaxmi Bank to buy 15% stake in Destimoney Securities

Dhanlaxmi Bank Ltd said it will acquire 15% stake in Destimoney Securities Pvt Ltd (DSPL). No financial details were provided.

Earlier in February 2010, Dhanlaxmi Bank had entered into an alliance with Destimoney Securities to offer a three-in-one-account, where its customers could operate the savings, demat accounts, and use their funds and securities for investing in capital market products.

Destimoney Securities is a 100% subsidiary of Destimoney Enterprises, a financial services provider and an advisory firm owned and controlled by private equity firm New Silk Route.

On Thursday, Dhanlaxmi Bank shares fell 6.8% to Rs194 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.3% down at 19,941 points.

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COMMENTS

TARUN DAS

6 years ago

The greatest joke we enjoy during the time when banks publish their results is when we read the statement of the CEO/CFO of the Dhan Laxmi Bank the usual strain of which will be (see the last 3 quarter results ):we recruited 2000 staff members ,which actually is a corporate lie as the work is mostly done through outsourcing and their officers’ union (DBOA)has been demanding to recruit more officers !
Last time some similar gimmick was played ! This time the thrust is on “Dhanlaxmi to buy 15% in Destimoney Securities’ which all the leading newspapers very obediently reported prominently ignoring their responsibility to inform the public about the gravity of the situation “ Net profit amounted to Rs 1.6 crore, compared to Rs 6.3 crore last year.”
THE DECLINE THIS IN N.P. MORE THAN 65 % ! LAST QUARTER MORE THAN 45 % !!
NPA PROVISION COVERAGE ONLY 46 % AGAINST 70 % TO BE ACHIEVED AS ON 30/09/10 !!
THESE ARE ONLY UNAUDITED FIGURES ! ACTUALLY IT IS IN THE RED CONSIDERING THE FACT THAT NPA PROVISION COVERAGE @ 70 % NOT PROVIDED FOR –ONLY 46 % PROVIDED !
WOULD THE STATUTORY AUDITORS HAVE TAKEN THE RISK OF NOT PROVIDING ? THESE ARE ONLY UNAUDITED FIGURES !
HOW CAN THIS BANK SURVIVE ?
Now this bank with( THE SMALLEST BANK WITH THE lowest profitability in India ) with a history of over 90 years is described as a “new generation bank” !!!

We do admire the media management success of the CEO MR.AMITABH who draws more salary than many of the realy performing private sector banks,is only a visitor at the corporate office of the bank in Trichur !

I DO HOPE THE MUMBAI PRESS PERSONS WILL MAKE AN INTROSPECTION ABOUT THEIR RESPONSIBILITY TO THE PUBLIC !!

Indian Hotels swings to net loss in Q2

Indian Hotels Co Ltd, which operates Taj brand of hotels and resorts, reported a net loss of Rs6.3 crore for the second quarter ended September 2010 compared with a net profit of Rs11.9 crore in the same quarter last year.

During the three-month period, its net sales stood at Rs328.5 crore from Rs285.9 crore in the same quarter last year, Indian Hotels said in a regulatory filing.

On Thursday, Indian Hotels shares ended 1% up at Rs99 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.3% down at 19,941 points.

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