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ISD tariffs to dip 10-15%

New Delhi, Mar 8 (UNI) The rift between state-owned telecom services provider BSNL and TRAI over reducing Access Deficit Charge (ADC) is likely to benefit consumers with the international long distance (ILD) call tariffs set to dip 10-15 per cent from April.

Consumer organisations and private telecom service providers have been fighting with BSNL to reduce the ADC to one-third of its current level (Rs 3,335 crore) to between Rs 1,000-1,600 crore.

ADC cuts are usually announced in March every year. This year, the telecom regulator is expected to make its decision within the next two-three weeks with the new ADC regime likely to be applicable from April/May.

Based on the data provided by the Telecom Regulatory Authority of India (TRAI), international operators received 11,376 million international incoming minutes and sent 3,478 million outgoing minutes from India.

While international incoming calls contributed Rs 1,800 crore, outgoing ISD calls contributed a mere Rs 257 crore.

Roughly Rs 1,278 crore came from 1.5 per cent annual gross revenues (AGR) share on account of ADC on national calls, adding up to a total of Rs 3,335 crore.

BSNL is the single largest beneficiary of ADC and received a staggering 96 per cent (Rs 3,200 crore) of the total ADC collected during 2006-07.

Consumer organisations are demanding an end to all ADC from this year on.

Col (Retd) SN Agarwal, telecom consultant, VOICE, argues that rather than subsidising consumers, ADC has become a mechanism to subsidise BSNL.

In its defence, BSNL said it deserves ADC to support its low rural tariffs and social obligations.

According to BSNL Director-Finance S D Saxena the position taken by consumer forums and the industry is uninformed.

UNI

USD, Pound, Euro and Yen ease

Mumbai, Mar 9 (UNI) Following are the indicative currency notes and travellers' cheques buying and selling rates per unit as supplied by Thomas Cook India here today. (Figures in Rupees) Currencies Buy Sell US dollar 42.25 46.30 Sterling pound 81.75 89.00 Euro 55.30 60.65 Australian dollar 33.30 35.70 Bahrain dinar 111.00 123.40 Canadian dollar 35.25 38.80 Danish kroner 7.25 8.20 Egyptian pound 6.00 8.25 Hongkong dollar 5.30 6.10 Japanese yen/100 35.75 38.80 Jordan dinar 56.25 63.90 Kuwait dinar 140.15 159.20 Malaysian.....

Vimal Oil and Foods Limited public issue to hit market on March 14

Ahmedabad, Mar 9 (UNI) City-based Vimal Oil and Foods Limited, engaged in edible oil business is coming out with a rights-cum-public issue on March 14 to raise Rs 35.83 crore for the purpose of its diversification project in the fast-growing Food Processing sector. The public issue is for 96,66,667 equity shares of Rs 10 each for cash at a premium of Rs 20 per share, which will open for subscription on March 14 and closes on March 23 along with rights.....

Copper rises, nickel eases

Mumbai, Mar 9 (UNI) Copper rose on reduced stocks supply, while nickel eased on thin buying support together with the London Metal Exchange (LME), traders at the Bombay Metal Exchange said today. In the ferrous category, copper heavy and copper utensils hiked by Rs 200 each per quintal on reduced stocks supply. In the non-ferrous segment, copper wire bars and aluminium ingots hiked by Rs 300 and Rs 50 per quintal respectively on increased of fresh demand. Nickel cathode declined by.....
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