The latest tariff hike and growing data consumption are expected to lift the average revenue per user (ARPU) per month for Indian telecom companies, according to Crisil Ratings.
The state power distribution company said that the total financial loss of the Tamil Nadu Power Generation and Distribution Corporation, which was Rs 18.954 crore in 2011-12, increased to Rs 94,312 crore in the last 10 years, TANGEDCO said in a press release.
The hike in tariff comes after the National Electric Power Regulatory Authority approved the government's request seeking up to Rs7.12 per unit hike in electricity base tariff for domestic consumers
The party workers of the Bharariya Janata Party (BJP) took to the streets in Delhi on Monday to protest against Chief Minister Arvind Kejriwal over the rise in power tariffs and water issues faced by the people here. The protest was led by BJP Lok Sabha member from West Delhi, Kamaljeet Sehr
Pakistan's electricity regulator, National Electric Power Regulatory Authority (NEPRA), has approved a request by the government to increase basic electricity tariff by up to Pakistani currency (PKR) 7.12 per unit.
Prime Minister Narendra Modi and Russian President Vladimir Putin met in Moscow on Tuesday and outlined their goals to eliminate non-tariff trade barriers and achieve a mutual trade volume of over USD 100 billion by 2030.
Jamaat-i-Islami (JI) head Hafiz Naeemur Rehman on Monday announced a protest in Islamabad on July 12 against "high taxes and exorbitant electricity tariff."
Under new plans, tariffs are hiked between 11-24 per cent in different pre-paid and post-paid plans. The company says over the next few quarters it is going to make significant investments to further enhance the 4G experience and launch 5G services.
German businesses see India as a very "stable place" to invest following the Lok Sabha election, said the country's Ambassador Philipp Ackermann on Friday, while anticipating increased German investment in India after the India-EU Free Trade Agreement resolves tax and tariff "impediments".
The telecom service provider has announced the price hike across all plans including 3 pre-paid unlimited voice plans, 9 pre-paid daily data plans, 3 pre-paid data add-on plans and 4 post-paid plans.