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New Airtel data plans unlikely to hurt Reliance Jio’s growth in market

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Bharti Airtel, Reliance Jio, New plans of Airtel, Smartphones, Mobile phones, Business news

New Delhi: Bharti Airtel’s new data plans are unlikely to impact Reliance Jio’s market share as the latter’s plans are still competitive, said a report by Credit Suisse.

 

Bharti Airtel, Reliance Jio, New plans of Airtel, Smartphones, Mobile phones, Business news

 

Airtel has recently introduced two new schemes — Rs 48 plan that gives 3GB data with 28-day validity, and Rs 98 plan with 6GB data and 28-day validity.

“Jio’s plans stay more competitive (20-25 per cent cheaper) than Airtel and therefore Jio should continue to gain market share on smartphones,” it said.

 

New Bharti Airtel’s new data plans are unlikely to impact Reliance Jio market:

 

“The feature-phone offer by Jio is very attractive and we expect Jio to continue to add more than 10 million feature-phone users per quarter,” Credit Suisse said.

 

Bharti Airtel, Reliance Jio, New plans of Airtel, Smartphones, Mobile phones, Business news

 

On Airtel’s new data plans, the report said they were either meant for “voice-only customers to encourage them to start experiencing data and data top-up for existing combo plans that have daily data usage limit of 1-1.5GB”.

As per the report, the impact may not be substantial as Jio also offers unlimited calling plans along with 2GB data at Rs 98 compared with Airtel that provides the same at Rs 129.

 

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J&K Govt withdrawal of 50% additional duty on liquor’s.

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To make up for a revenue shortfall, the Jammu and Kashmir administration is contemplating the withdrawal of the 50 per cent additional excise duty imposed on liquor prices in the Union Territory

Excise Commissioner R K Shavan sought the waiver of the additional duty in a letter to Financial Commissioner Arun Kumar Mehta, sources said

“There has been drastic fall in the sale of liquor especially middle and low economy class brands and also the sales in army/para military unit canteens” during the past two months, the letter read, adding that “the 50 per cent additional excise duty has discouraged the consumers to purchase less quantity both in the open market as well as in the unit canteens”
“Figures have revealed that the quota lifted from the Army Depots across the Union Territory has declined as compared to previous period,” the Excise Commissioner wrote

Pointing out that it has been “reliably” learnt that many other states have rolled back the additional “corona virus duty”, Shavan recommended that the Union Territory administration waive the 50 per cent additional duty on liquor till a new policy comes into force so that the sale and manufacturing of liquor is enhanced to generate revenue

The administration had announced the hike in May to compensate for the loss of revenue due to the Covid-19 lockdown

Though there has been no official word on the quantum of fall in revenue from liquor sales during the past two months, sources put it at a whopping Rs 125 crore in April alone

The manufacture and sale of liquor has been a major source of revenue for the administration in Jammu and Kashmir. There are nearly 220 liquor shops and over a dozen distilleries in the Jammu region alone. Kashmir, on the other hand, is a different story altogether—there are only four liquor shops in Srinagar.

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