Skip to content
Search

Latest Stories

TRAI to bring down mobile number portability charges to Rs 4

The Telecom Regulatory Authority of India (Trai) is on a roll at the moment.

After reducing the Interconnect Call Charges earlier this year, the regulator on Monday started a consultation process on bringing down the Mobile Number Portability (MNP) charges.


In the consultation paper, Trai said that it’s looking to bring down the MNP charges from Rs 19 to Rs 4.

The Telecom Regulatory Authority of India (Trai) in a statement said that considering the upsurge in the volume of porting requests with effect from July 3, 2015, and the financial results of both the mobile number portability service providers (MNPSPs), the present ceiling of Rs 19 is quite high as compared to cost and volumes of transaction involved.

Trai has sought comments on the same from the public by December 27, 2017. “The Authority has, therefore, decided that the upper ceiling for per port transaction charge may be reduced as the costs of operations of MNPSPs have substantially gone down,” Trai said in the statement.

“The watchdog in the draft amendment of the Telecommunication Mobile Number Portability Per Port Transaction Charge and Dipping Charge Regulations has proposed that “the Per Port Transaction charge shall be rupees four,” added the report.

The MNP charge is something that is paid by the customer as a porting charge to port the number from one mobile operator to another. And this is currently set to Rs 19. Trai is looking to bring it down to as low as Rs 4.

It has been more than eight years since Trai changed the MNP charge of Rs 19. Back in November 2009, Trai implemented this MNP charge, which needs to be paid by the customer. Finally, the regulator is looking to reduce the charges.

More For You

JLR-Tata-Getty

JLR had initially planned to manufacture more than 70,000 electric vehicles at the facility. (Photo: Getty Images)

JLR halts plan to build EVs at Tata’s India plant: Report

JAGUAR LAND ROVER (JLR) has put on hold plans to manufacture electric vehicles at Tata Motors’ upcoming £775 million factory in southern India, according to a news report.

The decision was influenced by challenges in balancing price and quality for locally sourced EV components, three of the sources said. They added that slowing demand for electric vehicles was also a factor.

Keep ReadingShow less
Government to abolish payments regulator to boost growth

Keir Starmer (R) and Rachel Reeves host an investment roundtable discussion with members of the BlackRock executive board at 10 Downing Street on November 21, 2024 in London, England. (Photo by Frank Augstein - WPA Pool/Getty Images)

Government to abolish payments regulator to boost growth

PAYMENTS REGULATOR will be abolished and its remit absorbed by another financial regulator, the government said on Tuesday (11), as it aims to cut red tape in favour of growth.

The Payment Systems Regulator (PSR), which oversees systems including MasterCard and bank transfers, tackles problems such as fraud, excessive fees and lack of competition among banks and payment providers.

Keep ReadingShow less
Boohoo

Boohoo’s shares, which have fallen by about 20 per cent this year, dropped 4 per cent on Tuesday. (Photo: Getty Images)

Boohoo rebrands as Debenhams after 21 per cent sales drop

BOOHOO has rebranded itself as Debenhams Group after sales from its young fashion brands, including Boohoo, MAN, and PrettyLittleThing, declined by 21 per cent to £947 million.

The move comes amid strong competition from Shein and a shift towards second-hand clothing among younger shoppers, The Guardian reported.

Keep ReadingShow less