iWorld

Import tariffs hike to hurt telcos' network expansion: Report

Import tariffs hike to hurt telcos' network expansion: Report

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2018/10/13/telecom.jpg?itok=_jv9DV1u

MUMBAI: The government, on Thursday, announced a plan to rein in imports and bolster a falling rupee. It will raise import tariffs on several electronic items and communication devices. The tariff hike was the second such move by the government in a two-week span according to Reuters.

The government attempts to raise import barriers to curtail the import of goods it deems as "non-essential" items. The list including wearables like smartwatches, voice over internet protocol equipment and phones, and Ethernet switches, among other items.

Last month, it raised import tariffs on 19 "non-essential items," including air conditioners, refrigerators, footwear, speakers, luggage and aviation turbine fuel, among other items.

The gambit is part of a plan to contain a slide in the rupee, which has weakened more than 14 per cent against the US dollar this year, hit by a rout in emerging markets and other domestic factors such as a widening current account deficit.

The plan, which becomes effective on Friday, will potentially also hurt Indian telecom carriers such as Reliance Jio Infocomm, Bharti Airtel and Idea, said Neil Shah of tech research firm Counterpoint.

"This will slow down the rollout of high-speed broadband which uses optical fibre and LTE networks," Shah told Reuters, adding however that it could help local telecom equipment makers like Tata Teleservices that manufacture some of this equipment locally.

India announced higher import tax on electronics products such as mobile phones and television sets in December, and then on 40 more items in the budget in February. These include goods as varied as sunglasses, juices and auto components.

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/11/14/zee5.jpg?itok=sG2gP2Io
ZEE5 Global's subscription revenue grows with their Festive Pack Offer

MUMBAI: In October, ZEE5 Global had rolled out a special festive offer in select global markets, offering a 50% discount on their Annual packs. The Diwali Special offer has seen a fantastic uptake across markets, with the annual pack subscriptions growing nearly three-fold over a one-month period....

iWorld Over The Top Services
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/11/14/amazon.jpg?itok=HYcdkRx9
Amazon Prime Video unveils Children's Day special line-up

MUMBAI: Amazon Prime Video promises to entertain viewers across all ages with their special Children’s Day line-up. Be it 5 or 50, there is no perfect age to watch a good old animated movie or show. This Children’s Day, Amazon Prime Video has curated a list of titles encompassing both Indian and...

iWorld Over The Top Services
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/11/13/tarun.jpg?itok=j8i2p_fz
ZEE5 india’s Tarun Katial to speak at 24th paley international council summit

MUMBAI: ZEE5 India CEO Tarun Katial will become the first Indian CEO from the OTT industry to speak at the 24th Paley International Council Summit. The Paley Center for Media’s 24th Paley International Council Summit: Agility in Media: Navigating the Global Market will be held in New York City on...

iWorld Over The Top Services
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/11/13/voot.jpg?itok=YcbzFGgG
We want VOOT Kids to be the go-to destination for parents: Viacom18's Saugato Bhowmik

Viacom18, after establishing its main OTT service Voot, is now entering the digital space for kids with VOOT Kids. The subscription-based app targets the age group of two to eight year olds. VOOT Kids, which is priced at Rs 99 per month and Rs 799 per year, houses content in seven different...

iWorld Over The Top Services
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/11/12/disney_0.jpg?itok=cfs2yTZl
Indians await eagerly as Disney+ launches in foreign markets

Mumbai: Walt Disney’s OTT service Disney+ launched in the US, Canada and Netherlands today, even as there is no clarity on when its unmatchable content library, offering 500 films and 7,500 episodes of television, will be made available to Indian viewers through its Hotstar platform.

iWorld Over The Top Services
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/11/12/disney.jpg?itok=fnR3jfdm
Walt Disney OTT platform Disney+ goes on-air in US, Canada, and the Netherlands

Mumbai: Disney+ has launched today in the US, Canada, and the Netherlands, with The Walt Disney Company (TWDC) CEO Robert Iger declaring it a “historic moment” for the company. The service arrives with nearly 500 films and 7,500 episodes of television from brands such as Disney, Pixar, Marvel, Star...

iWorld Over The Top Services
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/11/12/avaneger.jpg?itok=jYzw_8iA
Avengers: Endgame to stream on Hotstar Premium, Hotstar VIP from Nov 13

MUMBAI: Avengers assemble! as the biggest Hollywood movie ever – Avengers: Endgame – comes to Hotstar VIP and Hotstar Premium – home of the most powerful superheroes! The movie comes to India with its global digital release, barely six months after its theatrical release giving millions a chance to...

iWorld Over The Top Services
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/11/12/eros.jpg?itok=Ad5Wrjjw
Eros International Plc to release Andhadhun in Japan on november 15

MUMBAI: – Eros International Plc, a Global Indian Entertainment Company, has announced the planned theatrical release of Andhadhun in cinemas in Japan on November 15th. Andhadhun is an Indian black comedy crime thriller film directed by Sriram Raghavan. The engaging thriller starring Tabu,...

iWorld Over The Top Services
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/11/12/drive.jpg?itok=fp6T2Ukv
Big Boy Toyz partner with Dharmatic Entertainment for Netflix

MUMBAI: Dharmatic Entertainment and Big Boy Toyz, Delhi’s most trusted pre-owned luxury cars hub, partnered for former’s action film on Netflix. The film, Drive, showcased some of the best keeps of Bog Boy Toyz that were used in many high-speed chases and over-the-top stunts.

iWorld Over The Top Services

Sign up for our Newsletter

subscribe for latest stories