Effective October 1st, TRAI has reduced IUC charges to 6 paise/minute from the existing 14 paise/minute.
Meanwhile, any other type of call - between landline to landline, or landline to mobile phones - will continue to be exempted from all termination charges. Off late, this charge has been one of the biggest factors behind the earnings of telecom operators and since the launch of Reliance Jio, this was being highly debated because Jio provides all calls for free. "Even if IUC was lowered by half a paise, it would have gone to court", said a senior industry executive.
Domestic termination charges is the amount paid by the telecom operator whose user begins the call.
TRAI announcing the new call termination charge said it will be applicable from October 1, 2017, and from January 1, 2020, it will be completely eliminated. TRAI stated that the increased usage among the masses will help the telecom companies recover the losses incurred by reducing IUC charges.
Industry analysts said the Trai move was negative for BhartiAirtel, Vodafone India and Idea Cellular, modestly positive for Anil Ambani-owned Reliance Communications and Aircel and beneficial for Reliance Jio. The companies have, however, been countered equally aggressively by Mukesh Ambani's Reliance Jio, a company that heralded the new dirt-cheap tariff regime September previous year when it launched its services with life-time free voice calling and very-low data tariffs.
"Whilst mobile operators may seek to recover lost IUC revenues through higher retail charges to customers, in Indias intensely competitive market it is unlikely that they will be able to do so", Koong said.
TOI was the first to report on the impending cut in IUC charges in its edition dated August 13. Charges levied for interconnecting mobile calls are at the centre of the IUC issue. The reduction in interconnect usage charge will benefit Jio, for which the charge was a huge liability.
It doesn't get any easier for the Giants , either, not with road games against Philadelphia and Tampa Bay in the next two weeks. Matthew Stafford is making the leap from very good quarterback to a great franchise quarterback in front of our eyes.
Rand Paul (R-Ky.) has said he would vote against it, arguing that it does not go far enough in repealing the Affordable Care Act . CBO said Monday it "is aiming to provide a preliminary assessment of the Graham-Cassidy bill by early next week".
The US Ambassador to the UN, Nikki Haley , on Sunday said that Trump wants the world body to be efficient and effective. North Korea will be high on the agenda for world leaders this coming week at the annual meeting of the U.N.
Cuba has denied any involvement and has been uncharacteristically forthcoming in their willingness to help. The U.S. has said the tally of Americans affected could grow as more cases are potentially detected.
Liverpool manager Jurgen Klopp has reassured Alex Oxlade-Chamberlain he has not made a mistake in coming to Anfield. Another peripheral first-team player in contention to feature for Liverpool is Jon Flanagan.
The Railways will conduct a feasibility survey for the Mumbai-Nagpur bullet train project and give its approval for the same. Shrikant Shinde, Shiv Sena MP said, "Modi takes decision in haste and doesn't take other people in to confidence".
Trump promised to "cancel" the Paris Agreement during his presidential campaign, but his own White House was split on the issue. During his June announcement, Trump downplayed the prospects of finding areas of agreement with other participating countries.
At the same time, the Kurdistan Region is moving forward with its historic referendum on independence scheduled for Sep. 25. Russian oil giant Rosneft said today that will soon finalise a deal to develop pipelines in the Kurdistan region of Iraq.
Numerous displaced have arrived with horrific tales of killings and rapes by Myanmar's security forces and Buddhist militias. About 412,000 fled to Bangladesh , but some have also reached India, Nepal and Pakistan in recent weeks.
Toys R Us could be close to filing bankruptcy
But in a statement sent to various media outlets, chairman and CEO Dave Brandon was optimistic about the future of the chain. The retail giant has now announced its north American arm is seeking " Chapter 11 protection" from the US Bankruptcy court.
Russian helicopter fires at spectators during military exercise
An incident with a combat helicopter that fired a missile at spectators has recently occurred during Zapad 2017 military drills . It said Tuesday two people were wounded and two vehicles destroyed in the incident during the Zapad (West) 2017 maneuvers.
Maria now a hurricane following Irma's path
As if the Caribbean islands haven't had enough wind and rain from Hurricane Irma , there's a new storm about to batter the region. Jose is whipping up risky surf and rip currents as it heads north over the Atlantic off the heavily populated Eastern Seaboard.
128 nations sign US Declaration on reform of United Nations
The contributions are agreed on by the 193-member General Assembly. "Hard to imagine him being scripted for the whole week". The United States is the largest contributor to the U.N. budget, reflecting its position as the world's largest economy.
Burnley hold on to draw with Liverpool
Jurgen Klopp watched his Liverpool side dominate the game against Burnley at Anfield on Sunday, but only come away with a point on a frustrating afternoon for the Reds.
U.S. tourists hurt in French acid attack
The port city of Marseille, about 500 miles southeast of Paris, has seen at least two other attacks in recent months. The Daily Beast adds that the female suspect also claims that she was a victim of an acid attack decades ago.