PREMIUM ALLOCATION CHARGE
Trai won’t charge users for multiple SIMs
The Telecom Regulatory Authority of India has denied reports of planning to charge consumers for multiple SIMs. Trai clarified that there are no proposals for fees on numbering resources, emphasising efficient allocation. Trai's discussion paper aims to enhance telecom services through effective use of telecommunications identifiers.
Want a new phone number? It might come at a cost as Trai mulls fee
TRAI is considering implementing charges on smartphone and landline numbers, following a proposal to regulate numbering resources. TRAI views phone numbers as valuable public resources and suggests charging mobile operators, who may then pass on these costs to users. Potential charging methods include one-time or recurring fees per number or conducting auctions for vanity numbers. TRAI also contemplates penalties for operators holding unused numbers.
Trai move to charge for numbers will increase cost for users, telcos say
Industry executives believe that charging telecom companies for numbering resources allocated by the Telecom Regulatory Authority of India will lead to increased costs for users. They argue that SIM cards are a necessity and any additional fees will be passed on to subscribers.
IndiGo announces foray into business class after record profit
IndiGo said that business class will be available on the busiest routes of the country which sees heavy corporate traffic and will be operational before the end of this year. Coming August, around IndiGo’s anniversary, more details on product offering, launch date and routes will be unveiled.
ETMarkets Smart Talk: Banks, Capital goods among top 5 sectors to bet on in 2024: Ajit Banerjee
Though the fundamentals in the Indian market appear to be strong presently driven by easing inflation and growth in corporate earnings in just concluded quarterly results, investors need to be mindful about the developments happening in global economic and geopolitical developments as well as upcoming general elections in India next year.
DDA to announce housing scheme 2023 before Diwali, to offer 3,000 premium properties
The Delhi Development Authority (DDA) is planning to launch a housing scheme ahead of Diwali, offering 3,000 premium properties in various locations across Delhi. The scheme will include Super HIG, HIG, MIG, and EWS flats, with many of them currently under construction. The DDA aims to boost sales by removing restrictions on participation and considering preferential location charges.
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Ajay Mahajan on the best way to hedge portfolio for SMEs
Exchange Traded Currency Derivatives (ETCD) provide SMEs with an excellent alternative to OTC markets for hedging portfolios, as they may not receive foreign exchange credit lines or necessary credit agreements with banks. The transparency and liquidity that exchanges bring is also significantly higher than that of the banking industry. However, the Indian market would be more efficient if physically settled contracts were created rather than just cash-based.
Who can continue to invest in debt mutual funds after March 31? Nilesh Shah explains
Nilesh Shah of Kotak AMC states that investments made before 31st March 2023 will continue to get the benefits of long-term capital gains and indexation. However, investors in the upper tax bracket will have to pay higher taxes. Shah believes that the AMC industry will have to focus more on financial education, as investors must be smart in understanding how they park their money. There are also many other potential options in the mutual fund industry, such as short-term bond funds, floating rate funds, and guilt funds.
ETMarkets Smart Talk: Gradual shift from largecap to midcap can be made over the next 12 months: Devendra Phadke
The Union Budget focussed on the right thing by giving more money in the hands of lower income groups and focussing on infrastructure spending rather than giving freebies.
PSU’s have their own strengths, 4 large cap PSU stocks with an upside potential up to 34%
At a time when interest rates are rising PSU stocks have an advantage. Of all the PSU stocks, which our algorithms come up with, we took PSU companies from three sectors: financier, power generation and logistics. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".
Indians willing to pay a premium for owning pricier EVs: Survey
India has traditionally been known as a price-sensitive small car market. But the latest trend shows that Indian consumers are upgrading year-on-year not only in fossil fuel driven vehicles but also for EVs, Rajeev Singh, automotive sector leader at Deloitte India told ET. “Earlier lot of EVs would come in the Rs25 lakh plus bracket but now Rs15-25 lakh has emerged as the sweet spot,” he said.
Diversify your portfolio; add defense stocks in Samvat 2079 to create wealth: Sumeet Bagadia
"When it comes to investing wisely in the markets, diversifying your portfolio is an important rule to follow. One sure-fire way to diversify your portfolio. We recommend adding defense pact quality stocks. By investing in defence stocks, investors will help to strengthen the country's security, albeit in an indirect way.
LIC launches New Pension Plus plan: Features, premium payment, NAV calculation
LIC introduces the unit-linked, non-participating individual pension plan — New Pension Plus plan. All you need to know about the new plan before investing
Health insurance eating into PSU companies' profits: CAG
The audit found that losses from the health insurance business of public sector insurers have either wiped out, or decreased, the profits of other lines of their business, particularly in group health insurance where premium charged was less and claim outgo was more in comparison to retail policies.
Zero SUC to cut telco annual cost by 40-50%, says DoT official
"This is over and above the 39% reduction that Trai (Telecom Regulatory Authority of India) had recommended over the 2018 prices and this should give a relief to telcos," the official told ET, asking not to be named.
As Greater Fool Theory plays out in IPO mart; bulls charge everywhere
Usually, rising inflation is synonymous with GDP growth i.e. improving economy and equities have done well when inflation is at slightly higher levels, but not too high. The US Fed as well as RBI’s onerous stance on not hiking interest rates immediately very well reflect this fact.
Ulip vs mutual fund: Tax implications, charges and more
Ulips have policy administration charges, premium allocation, mortality charges and fund management charges whereas mutual funds have an expense ratio capped at 2.5%.
The Covid-19 crisis has underlined the need for more budgetary allocation for healthcare
Covid-19 showed the Indian healthcare system bursting at its seams at the height of the pandemic; patients turned away, doctors and nurses exhausted in their PPE kits.
ED attaches Rs 169-crore assets of firm in money laundering case related to coal blocks allocation
The ED, in a statement, alleged that the firm got the coal blocks "through fraudulent means and by misrepresentation."
Nagpur: Proposal to hike building plan sanction charges by up to 60%
The NMC’s town planning department has decided to revise development and building plan sanction charges by up to 60%.
Life Insurance: What has changed during the year and how it affects you
IRDAI has further simplified both traditional and ULIP products offered by life insurers.
How to understand and read benefit illustration before buying a life insurance policy
In a benefit illustration, gross yield is calculated as a percentage (8 percent and 4 percent) based on the portion of premium invested on a year-on-year basis and the net yield is calculated as a certain percentage on the maturity amount.
7 ways how life insurance policies are set to change
The regulator has announced new rules for life insurance policies. Find out how this will affect buyers.
Rules of financial planning have changed: Sticking to old ones could be disastrous
Changes in the financial landscape have made many time-tested tenets obsolete. Find out how this impacts your planning.
Seven 'reformed' Ulips with the lowest charges
The new online Ulips have significantly low charges and additional benefits. ET Wealth looks at some of the cheapest plans available in the market.
8 charges in Ulip that one needs to know
As per the Irdai guidelines, for policies with term above 10 years, the net reduction in yield at maturity shall not be more than 2.25 percent.
Investing in short-term debt funds a good idea now: Bismillah Chowdhary, Edelweiss Tokio Life
"Our view is that in the next five to seven years we will get rewarded by staying invested," says Bismillah Chowdhary CIO, Edelweiss Tokio Life
GST impact: Insurance premium, bank charges to increase
If the premium is only towards the risk cover in life insurance such as term insurance plans, the GST of 18 percent will be on the entire premium.
Narendra Singh Tomar for rational mining, transparent allocation on mines
Tomar has been given charge of Steel, Mines and Labour and Employment Ministries. Also present with him was Minister of State for Mines and Steel Vishnu Deo Sai.
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