TRAI asks telcos not to show misleading ads of tariff plans

Telecom operators cannot increase tariffs of subscriber plans for six months from the enrolment date but they are free to reduce call rates at the same time

New Delhi: The Telecom Regulatory Authority of India (TRAI) has asked operators not to present misleading advertisements of their tariff plans, while directing them to show recurring charges to consumers under single head, reports PTI.

"No tariff plan should be offered, presented, marketed or advertised in a manner that is likely to mislead the subscribers," Trai said in its Consumers' Handbook on Telecommunications.
 
All monthly fixed recurring charges, which are compulsory for a subscriber, should be shown under one head, it added.

"The service providers also have to publish all the tariff plans in prescribed formats in at least one regional language and one English newspaper at an interval not more than six months," TRAI said in the handbook.

Besides, telecom operators can't increase tariffs of subscriber plans for six months from the enrolment date but they are free to reduce call rates at the same time, the sectoral regulator said.

"A tariff plan once offered by an access provider shall be available to a subscriber for a minimum period of six months from the date of enrolment of the subscriber to that tariff plan," Trai said.

However, for any tariff plan, the operator is free to reduce tariffs at any time but "no tariff item in a tariff plan can be increased by the service provider," it added.

The move gives the subscribers the freedom to change plans during the six month period and the operator is mandated to accept the request and implement it.

"The subscriber shall be free to choose any other tariff plan, even during the said six months period. All requests for change of plan shall be accepted and implemented immediately or from the next billing cycle," TRAI added.

User

Vegetable prices push retail inflation to double digit

In April, vegetable prices recorded the maximum spurt in prices, up 24.55%, followed by edible oils - 17.63% and milk products - 14.94%

New Delhi: Retail inflation shot up to the double digit mark at 10.32% in April on account of substantial increase in vegetable, edible oils and milk prices, reports PTI.

Based on the Consumer Price Index (CPI), the inflation for March was revised to 9.38% from the provisional estimate of 9.47%, as per the government data release on Friday.

Vegetable prices recorded the maximum spurt in prices, up 24.55%, followed by edible oils - 17.63% and milk products - 14.94% in April, year-on-year basis. Prices of egg, fish and meat shot up 9.95%, while non-alcoholic beverages became costlier 9.52%.

Among other items, prices of cereal and its products saw a rise of 3.94% over the April 2011 level. While sugar saw a marginal rise of 4.32% in April, 'pulses and products' were up by 6.03%, over the same month last year.

Prices of fuel and light, and clothing, bedding and footwear segments also remained in the double-digit.

Inflation rates for rural and urban areas were 9.86% and 11.10% respectively in April.

According to the revised data, the inflation rates for rural and urban areas were 8.70% and 10.30% respectively in March.

The All-India CPI is in addition to the three retail price indices -- for agricultural labourers, rural labourers and industrial workers -- prepared by the Ministry of Labour.

Meanwhile, inflation based on Wholesale Price Index also rose to 7.32% in April on account of steep spurt in vegetables as they turned costlier by 60.9% during April as per the WPI data released earlier this week.

User

Kingfisher Airlines owes Rs269 crore income tax

The government has initiated action against Kingfisher Airlines for recovering and so far have recovered Rs103.03 crore

New Delhi: Vijay Mallya-promoted Kingfisher Airlines owes Rs269.06 crore income tax and I-T Department has initiated penalty and prosecution proceedings against the private carrier, Government informed the Lok Sabha on Friday, reports PTI.

Kingfisher Airlines was found to have deducted tax at source (TDS) on salary payments but had not deposited it in Government account, Minister of State for Finance SS Palanimanickam said in a written reply.

"Survey...was conducted at the business premises of the aforesaid company and subsequently tax demand (including interest) amounting to Rs372.09 crore pertaining to FYs 2009-10 to 2011-12 were raised," he said.

"Action for recovering has been undertaken and a total of Rs103.03 crore has already been recovered. Penalty and prosecution proceedings under the Income-tax Act have also been initiated," Palanimanickam said.

He said in case of Employees State Insurance Corporation, an amount of Rs23.42 lakh is outstanding against the Bangalore unit of Kingfisher Airlines towards 'interest and damages', for which recovery action has been taken. The matter is pending in a court, he said.

The Minister said proceedings under Employees' Provident Funds and Miscellaneous Provisions Act, 1952, have been initiated against Spice Jet Ltd for assessment of dues from November 2008 to January 2012.

To another question, Minister of State for Finance Namo Narain Meena said as on September, 2011, exposure of public sector banks to private airlines was Rs15,700 crore.

Meena said the Reserve Bank of India has not issued any specific guidelines to banks for providing loan to private airline companies.

Credit related matters have been deregulated by RBI and banks are free to take their decision in the matters of loan eligibility based on their commercial judgement and in accordance with their policy framed within the overall framework of RBI, he added.

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)