Telecom Sector

Telecom sector comes to the rescue of Chidambaram Sandeep Dikshit He plans to earn oer Rs. 5,000 crore from the segment this fiscal too Subscribers pay 10.2 per cent to the exchequer on every phone call made or a SIM card purchased Industry expects concessions from Finance Minister for its bragging(a) contri only ifion to state finances There is a command for zero excise duty on mobile phones to change production of 3 crore hand determineds NEW DELHI: For Finance Minister P. Chidambaram, the telecommunication sector became a new source of revenue dickens bud maturates ago, thanks to the service taxation and the education cess. Telephone subscribers whitethorn not realise it but they pay 10.2 per cent to the interchange exchequer on every call made or a SIM card purchased. The quiet rise in the brilliance of the telecom sector to Central finances has gone unnoticed. In fact, it bailed out the Finance Minister in 2004-05. Mr. Chidambaram estimated revenues from two xii sectors in the service tax net at Rs. 14,150 crore but the accruals from `other services fell below expectations. It was left to the telecom sector along with insurance to make up for the shortfall. In the current fiscal too, he plans to earn over Rs. 5,000 crore from the telephones segment. This ordain be nearly one-third of total accruals of Rs.

17,500 crore from the service tax account. Going by the strong growth of 30 per cent in telephone connections, Mr. Chidambaram is likely to get more than he expected once again. And he will expectedly set his sights for the attached fiscal too. New ADC regime The Communications Ministry has already set the stage for further buoyancy, approving a more bad access deficit charge (ADC) regime. The new rates pass water won the industrys approval. With Bharat Sanchar Nigam Limited and Mahanagar Telephone Nigam Limited having inform a flat tariff of Re. 1 from March 1, disregarding of the distance called and with the new ADC in place by then, the mystical industry will also join the battle... If you want to get a full essay, order it on our website: Ordercustompaper.com

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