Citizens' Issues
Steep reserve price may impact spectrum auction: GSMA
New Delhi : Following the Indian telecom regulator's recommendations on spectrum reserve pricing, the global association of telecom players feels the prices are on a higher side and may impact participation of companies in auction of airwaves.
 
"The GSMA is very concerned over TRAI’s (Telecom Regulatory Authority of India) recommendation to set a starting price of $1.7 billion per MHz for pan-Indian 700 MHz spectrum. India has one of the lowest average revenues per user across the world ($2.45 at the end of 2015),” GSMA chief regul1atory officer John Giusti said.
 
“High reserve prices and an unrealistic pre-determination of spectrum value could also reduce the willingness of potential bidders to buy the spectrum,” he added.
 
The TRAI recommended a reserve price of Rs.1,595 crore for 700 MHz in the Delhi circle.
 
“In Australia, an unrealistically high reserve price resulted in a valuable portion of the 700 MHz spectrum left unsold and unused. Unused or under-utilised spectrum benefits neither the economy nor society,” the global association of telecom players said.
 
It said more the mobile operators pay for a spectrum licence, less the capital available to roll out new mobile networks. 
 
“As the digital economy becomes increasingly important to India’s future prosperity, we encourage greater focus on the long-term benefits of connecting more people in India to affordable mobile broadband, rather than on short-term financial gain,” he said.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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Hyderabad voter has Salman Khan's photo on I-card!
Hyderabad : In a bizarre case, a voter in the Hyderabad civic polls turned up with an officially issued identity card carrying the name and picture of Bollywood superstar Salman Khan.
 
The staff at a polling centre in the old city of Hyderabad was taken aback when the voter showed an identity card with Salman Khan's name and picture to cast his vote in the Greater Hyderabad Municipal Corporation elections on Tuesday.
 
According to the card, Salman's father's name is Saleem Khan. The only difference is the age. The card shows it as 64 years while the actual age of the actor is 50.
 
Officials at the polling booth in Gowlipura in Charminar division did not allow the person to vote.
 
People said the incident was another proof of the manner in which election authorities issue voter identity cards.
 
"Those who are genuine voters in a locality don't get identity cards or their names are deleted without any notice," said Syed Haider, a resident in the old city.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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Banking - Bank Loans from ATMs Proposed

ATMs will soon be as good as bank branches. Customers will be able to apply for credit cards and avail loans using these self-service machines. The Reserve Bank of India (RBI) allowed banks to extend all their banking products and services through their ATMs. So far, banks have been using ATMs as leads for loans, insurance and credit cards; no such transaction was concluded at the machine. Banks can now extend a loan and dispense the cash at the same machine. 

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