Indian Economy : News,Discussions & Updates
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No way. It's 4AM and I am getting 40 mbps DL and 21.6 mbps UL. It's much lesser during peak hrs.
Broadband or Wifi ?
Jio has changed our lives man. I can't speak for others but I used to consume ~2 GB of 3G internet in one month just a few years back, now I end up using 3-4 GB 4G LTE everyday. So more than 120 GB of 4G data a month, I pay like ~$50-$60 for it. In the US it would cost me more than $1200 per month. Ambani baba ki jai ho.
It's LTE speed. Wifi speed is higher depending on the internet connection speed. I have a 150 mbps internet connection and I get around 90 mbps DL on wifi.
In India I paid around Rs 300 for unlimited call and 2.4 GB data every day for 1 month (Airtel). Connection speed was decent, though the network tend to switch between 3G and 4G quite frequently which affects overall performance.
When was this ? I've never used Airtel.
The number of 2G/3G users have rapidly declined as the number of 4G users have seen a meteoric rise. Today its near impossible for me to find anybody around me with a 2G/3G connection, that's largely because the part of the country I am from had a void of penetration of 3G network. There were very few 3G users, then came the Jio 4G LTE and everybody went aboard the 4G train. So unlike you I have not witnessed networks switching back and forth between 3G & 4G, there wasn't much 3G to begin with. This is not to saw I did not experience network troubles, of course I did. The frequency of troublesome days seem to have reduced, earlier it was a few days a week now its a few days a month.
This is last years data. You can see that the number of 4G users are more twice the number of 2G & 3G combined. Of course the numbers will climb this year too, we've only breached 50% of our pop. in terms of Internet penetration :
Jan 2019. Airtel did have a good 3 G network and they just can't replace the whole network with 4G. Network equipments are very expensive (They have become much cheaper now) and companies need to get their investments back. That's why they keep switching between 3G and 4G based on the load factor. Even in US, on rare occasions I have seen CDMA 2000 1X is still being used.
Cabinet approves new strategic disinvestment process
1 min read . Updated: 04 Oct 2019, 09:58 PM IST, PTI
(Illustration: Jayachandran/Mint)
New Delhi: The Cabinet has approved a new process of strategic disinvestment with a view to expediting privatisation of select PSUs, officials said on Friday.
The Union Cabinet headed by Prime Minister Narendra Modi at its meeting on Thursday evening approved the new policy under which the Department of Investment and Public Asset Management (DIPAM) under the Ministry of Finance has been made the nodal department for the strategic stake sale.
This was done with a view to streamlining and speeding up the process, reducing the role of administrative ministries which often used to place hurdles in the path of major stake sales, officials said.
While presently PSUs for strategic sale are identified by NITI Aayog, the tweak in policy has now brought DIPAM into the picture. DIPAM and NITI Aayog will now jointly identify PSUs for strategic disinvestment, they said.
Also, DIPAM secretary would now co-chair the inter-minister group on disinvestment, along with the secretary of administrative ministries concerned.
The change comes within a week of a group of secretaries agreeing for sale of government's entire 53.29 per cent stake in Bharat Petroleum Corp Ltd and its 63.75 per cent stake in Shipping Corporation of India (SCI), 30 per cent in Concor, 100 per cent NEEPCO and 75 per cent in THDC.
Officials said strategic sale may involve two-stage bidding beginning with an expression of interest (EoI) or a preliminary intent showing bid, and a final financial bid. Pre-bid meetings with likely bidders and roadshows to attract potential investors will form part of the process to provide clarity on every aspect of the stake sale.
Also, data centre will be set up for bidders to look for information on the PSUs up for sale, they added.
Officials said the idea is to complete the stake sale within a timeframe, say 4-5 months.
The government has set a target of mobilising ₹1.05 lakh crore from disinvestment proceeds and achieving this has become more critical after it doled out ₹1.45 lakh crore stimulus by way of a cut in corporate tax.
Disinvestment proceeds will be critical for the government to stick to its target of keeping fiscal deficit at 3.3 per cent of the GDP in the current fiscal year ending March 31, 2020.
This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.
Cabinet approves new strategic disinvestment process
1 min read . Updated: 04 Oct 2019, 09:58 PM IST, PTI
- Department of Investment & Public Asset Management and NITI Aayog will now jointly identify PSUs for strategic disinvestment
- Also, DIPAM secretary would now co-chair the inter-minister group on disinvestment, along with the secretary of administrative ministries concerned
(Illustration: Jayachandran/Mint)
New Delhi: The Cabinet has approved a new process of strategic disinvestment with a view to expediting privatisation of select PSUs, officials said on Friday.
The Union Cabinet headed by Prime Minister Narendra Modi at its meeting on Thursday evening approved the new policy under which the Department of Investment and Public Asset Management (DIPAM) under the Ministry of Finance has been made the nodal department for the strategic stake sale.
This was done with a view to streamlining and speeding up the process, reducing the role of administrative ministries which often used to place hurdles in the path of major stake sales, officials said.
While presently PSUs for strategic sale are identified by NITI Aayog, the tweak in policy has now brought DIPAM into the picture. DIPAM and NITI Aayog will now jointly identify PSUs for strategic disinvestment, they said.
Also, DIPAM secretary would now co-chair the inter-minister group on disinvestment, along with the secretary of administrative ministries concerned.
The change comes within a week of a group of secretaries agreeing for sale of government's entire 53.29 per cent stake in Bharat Petroleum Corp Ltd and its 63.75 per cent stake in Shipping Corporation of India (SCI), 30 per cent in Concor, 100 per cent NEEPCO and 75 per cent in THDC.
Officials said strategic sale may involve two-stage bidding beginning with an expression of interest (EoI) or a preliminary intent showing bid, and a final financial bid. Pre-bid meetings with likely bidders and roadshows to attract potential investors will form part of the process to provide clarity on every aspect of the stake sale.
Also, data centre will be set up for bidders to look for information on the PSUs up for sale, they added.
Officials said the idea is to complete the stake sale within a timeframe, say 4-5 months.
The government has set a target of mobilising ₹1.05 lakh crore from disinvestment proceeds and achieving this has become more critical after it doled out ₹1.45 lakh crore stimulus by way of a cut in corporate tax.
Disinvestment proceeds will be critical for the government to stick to its target of keeping fiscal deficit at 3.3 per cent of the GDP in the current fiscal year ending March 31, 2020.
This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.
Cabinet approves new strategic disinvestment process
Indian banks to offer forex prices to non-residents at all times
1 min read . Updated: 04 Oct 2019, 12:21 PM IST Staff Writer
A RBI task force on offshore rupee submitted its report on July 30
The RBI has allowed domestic banks to freely offer foreign exchange prices to non-residents at all times, out of their Indian books, either by a domestic sales team or through their overseas branches. An RBI task force on offshore rupee submitted its report on July 30, recommending several important measures to incentivise non-residents to access the onshore foreign exchange market. The RBI also allowed rupee derivatives (with settlement in foreign currency) to be traded in International Financial Services Centres (IFSCs).
The RBI said that the directions for implementing the latest announcements will be issued in consultation with the central government and other regulators.
The RBI has been taking steps for popularising the cross-border transactions in Indian rupee (INR), especially in respect of external commercial borrowing (ECB), trade credit and exports and imports, thereby reducing the exchange risk for persons resident in India.
The RBI also decided to enhance the scope of non-interest bearing special non-resident rupee (SNRR) account by permitting persons resident outside India to open such accounts to facilitate rupee denominated ECB, trade credit and trade invoicing. Further, the RBI also plans to ease restriction on the tenure of SNRR account, which is currently 7 years. The RBI will issue guidelines within a month.
Indian banks to offer forex prices to non-residents at all times
1 min read . Updated: 04 Oct 2019, 12:21 PM IST Staff Writer
- The RBI also allowed rupee derivatives (with settlement in foreign currency) to be traded in International Financial Services Centres (IFSCs)
A RBI task force on offshore rupee submitted its report on July 30
The RBI has allowed domestic banks to freely offer foreign exchange prices to non-residents at all times, out of their Indian books, either by a domestic sales team or through their overseas branches. An RBI task force on offshore rupee submitted its report on July 30, recommending several important measures to incentivise non-residents to access the onshore foreign exchange market. The RBI also allowed rupee derivatives (with settlement in foreign currency) to be traded in International Financial Services Centres (IFSCs).
The RBI said that the directions for implementing the latest announcements will be issued in consultation with the central government and other regulators.
The RBI has been taking steps for popularising the cross-border transactions in Indian rupee (INR), especially in respect of external commercial borrowing (ECB), trade credit and exports and imports, thereby reducing the exchange risk for persons resident in India.
The RBI also decided to enhance the scope of non-interest bearing special non-resident rupee (SNRR) account by permitting persons resident outside India to open such accounts to facilitate rupee denominated ECB, trade credit and trade invoicing. Further, the RBI also plans to ease restriction on the tenure of SNRR account, which is currently 7 years. The RBI will issue guidelines within a month.
Indian banks to offer forex prices to non-residents at all times
Indian banks to offer forex prices to non-residents at all times
1 min read . Updated: 04 Oct 2019, 12:21 PM IST Staff Writer
- The RBI also allowed rupee derivatives (with settlement in foreign currency) to be traded in International Financial Services Centres (IFSCs)
A RBI task force on offshore rupee submitted its report on July 30
The RBI has allowed domestic banks to freely offer foreign exchange prices to non-residents at all times, out of their Indian books, either by a domestic sales team or through their overseas branches. An RBI task force on offshore rupee submitted its report on July 30, recommending several important measures to incentivise non-residents to access the onshore foreign exchange market. The RBI also allowed rupee derivatives (with settlement in foreign currency) to be traded in International Financial Services Centres (IFSCs).
The RBI said that the directions for implementing the latest announcements will be issued in consultation with the central government and other regulators.
The RBI has been taking steps for popularising the cross-border transactions in Indian rupee (INR), especially in respect of external commercial borrowing (ECB), trade credit and exports and imports, thereby reducing the exchange risk for persons resident in India.
The RBI also decided to enhance the scope of non-interest bearing special non-resident rupee (SNRR) account by permitting persons resident outside India to open such accounts to facilitate rupee denominated ECB, trade credit and trade invoicing. Further, the RBI also plans to ease restriction on the tenure of SNRR account, which is currently 7 years. The RBI will issue guidelines within a month.
Indian banks to offer forex prices to non-residents at all times
