Ramchi 0 Report post Posted January 2, 2006 We all know that P Chidambaran is an arrogant bureaucrat (he thinks he is an aristocrat) who hates common man from availing all facilities which he and his family used to enjoy all the time as politicians. His mentality belongs to the era of socialistic jinoistic attitude by denying technology/innovation for common man and makes it a luxury item instead of necessity. Keep poor people as poor [kudos to Narayanamurthy for explicitly stating it] and deprived so that they can make money out of their miseries. With his innovative heavy taxation ideas and screwing-up middle-class attitude, will definitely hinder the growth of Indian economy which will nosedive pretty quickly than we all anticipate. Already, India had gone thru the 50 miserable years of denying everything to all except few who holds ministerial or party positions. Terrorists are unnecessarily hitting soft-targets like professors and poor families when big wolves like these are spared; http://autofeed.msn.co.in/pandorav3/output...f1a6d427a2.aspx No more cuts in telecom fees Source: Business Standard. Image Source: DGL.Microsoft New Delhi, January 02:In a move that could cramp the ability of telecom operators to cut tariffs further, the finance ministry has turned down a Telecom Regulatory Authority of India proposal for a cut in the revenue share licence fee and spectrum charges. "The government can't go on reducing the licence fee forever. It is important for us to increase the non-tax revenue and telecom is a growing source," said an official. The government had budgeted for non-tax revenue of Rs 6,500 crore from the telecom sector during the current financial year. A reduction in the licence fee and entry fee for international and domestic long- distance operators from January 1 is expected to result in a Rs 400 crore loss to the exchequer. The finance ministry had sought the department of telecommunications' comments on the long-distance fee cut as North Block was not consulted before the announcement. In its recommendations on "unified licensing" in January 2005, Trai had recommended that the ceiling for the revenue share licence fee be brought down to 6 per cent from the existing 8 per cent. In May 2005, Trai proposed that the ceiling on annual spectrum charges be reduced to 4 per cent of the adjusted gross revenue from the existing 6 per cent. The regulator had made a case for imposing licence fees and spectrum charges only for the universal service obligation and to cover administrative costs. When contacted, a senior Trai official said, "India has very heavy taxation structure and reducing levies is essential to lower the cost to the customer, to universalise telecom services in real terms and increase the penetration in new markets, particularly rural areas." The finance ministry's reluctance to reduce the licence and spectrum fee would mean that Indian operators will continue to pay between 17 per cent and 26 per cent of their revenues as levies and taxes to the government, as against 5 per cent paid by operators in other countries in the sub-continent and China. Telecom operators have projected that the government's licence fee and service tax revenue from the sector will grow 30 per cent to Rs 8,542 crore during the next fiscal, even if the licence fee is cut by 1 percentage point to 7 per cent. In a pre-Budget presentation, the operators added that the Centre's revenue would rise to Rs 8,905 crore in the next fiscal from Rs 6,616 crore projected for 2005-06 if the licence fee was cut to 5 per cent. Share this post Link to post Share on other sites
abhay 0 Report post Posted January 2, 2006 yeah and for their 400 cr the entire telecom industry shuld suffer Share this post Link to post Share on other sites
ashoksoft 83 Report post Posted January 2, 2006 Give that fatso a big peg... and he will surely scumb to giving away the paltry 400 cr. Cheers Ashok Share this post Link to post Share on other sites
supernova 47 Report post Posted January 2, 2006 i too agree ashok dear Share this post Link to post Share on other sites
Dilbert 0 Report post Posted January 3, 2006 That sadistic lungi-wearing Harvard educated scum of the dirty pond of floating amoeba & rotten algae... Share this post Link to post Share on other sites
linuxguy 0 Report post Posted January 3, 2006 f*** Chidambaram. He thinks he is so smart. He is an a$$ h0le :| He gets these new innovative ideas to tax us poor people.. Share this post Link to post Share on other sites
