India’s telecom sector regulator, the Telecom Regulatory Authority of India (TRAI) has said that it will launch public consultations on the matter relating to proposed free telecom roaming in the country. TRAI is expected to follow the process through a consultation paper involving various players.
Telecom companies will start consolidating in the next three to five years and the trends of predatory pricing and tariff war will come to an end, Telecom Regulatory Authority of India (TRAI) Chairman Rahul Khullar has said.
Rahul Khullar, Chairman of Telecom Regulatory Authority of India (TRAI) has said that the price of telecom spectrum is not the primary determinant of mobile phone tariffs and the telecom service providers fix the price on eth basis of various other considerations.
The new chairman of the Telecom Regulatory Authority of India (TRAI), Rahul Khullar has expressed concerns over the huge debt burden on the telecom service providers in the country.
Experts believe that the huge burden is as a result of the aggressive bidding for the limit spectrum in the country and with the regulator fixing an even higher price for the 2G spectrum, the firms are likely to raise high debt.
, who has been working as the Commerce Secretary, has now been appointed as the new head of the telecom sector watchdog, the Telecom Regulatory Authority of India (Trai) on a three-year term.
Mr. Khullar will replace Mr. J S Sarma, whose tenure was completed today. Mr. Khullar was set to retire next year but will work until May, 2015 as the chief of the watchdog. He is a 1975 batch IAS officer of Delhi cadre.
The authorities in Pakistan have expressed concern over delays in removing non-tariff barriers by India, ahead of an important ministerial meeting in the coming week.
The Indian government officials have responded by saying that the delay is only due to procedural reason and the other side's concerns will be addressed. India's Commerce minister Anand Sharma is expected to meet his Pakistani counterpart, Makhdoom Amin Fahim, in Islamabad next week.
According to estimates, the country's trade deficit might widen this year as impots continue to outgrow exports in recent months.
The country's current account deficit might increase to the level of 3.5% of GDP in the fiscal year. However, India is on target to achieve the target of $300 billion in exports in the year. According to official data, exports from India in the previous year were $246 billion. On the other hand, imports to India continued to out grow exports. The country's trade deficit in the month of January was recorded at $14.7 billion.
According to senior government officials, the country's current account deficit might increase to the level of 3.5% of GDP in the fiscal year.
The level is the worst in eight years as exports from the country are struggling to maintain growth due to continuing global economic uncertainties. The exports grew in April to September period but exporters are finding it difficult to maintain growth due to low demand.
The Indian government has hinted its readiness to work with its neighbor, Pakistan under the framework of the South Asian Preferential Trading Agreement, SAFTA for preferential trading agreements.
Commerce Secretary Rahul Khullar said ahead of holding talks with his Pakistani counterpart Zafar Mahmood that the two countries will achieve clarity on the matter through talks and expressed hope that the arrangements will be in place at the soonest. The Commerce Secretaries of the two countries are meeting in the Indian capital for the sixth round of talks.
According to the latest data, India’s trade deficit increased to $19.6 billion in the month of October, the highest growth in the last 17 years.
Commerce Secretary Rahul Khullar said that the county’s exports rose 10.8 percent to $19.9 billion last month compared to the same period last year and Imports gained 21.7 percent to $39.5 billion, resulting in a trade deficit of $19.6 billion.
India’s export is reported to have remarkably increased by 81.1% to $29.3 billion, as well as imports, which went up by 51.5% to USD 40.4 billion, with a trade deficit of $11.1 billion.
The Commerce Secretary, Rahul Khullar stated: “Exports have done well, but my sense is that high export growth is not going to sustain. We will see slowdown by this month".
From April to July 2011, the shipments went up by 54 % to $108.3 billion. Imports grew by 40% to USD 151 billion, and in a similar period, the trade deficit remained $42.7 billion.
According to Indian Trade Secretary Rahul Khullar, India’s balance of trade has gone from a whopping trade deficit of $31.6 billion during the first quarter of the current fiscal year and has shrunk to a much more manageable trade deficit of $7.7 in June.
India’s trade deficit is reported to have shrunk after a steep rise in Indian exports over the past year. In the year-on-year growth rates in June, India’s exports registered a robust growth of 46.6%, allowing exports to climb to $29.2 billion in value.
According to the data revealed by the Commerce Ministry the country's overseas selling has amazingly increased by 36.4 % towards the end of December 2010.
This magnificent increment has shown the profit of $22.5 billion which is the maximum in the last 33 months of exporting. With that there is news of decrease in imports by 11.1 % which has been certainly stated as the lowest in the last 14 months.
Dr. Rahul Khullar, the Commerce Secretary informs the reporters that if this exporting rhythm is maintained for 2010-11 then it would be a record breaking year.
The administration announced that it would take a call after the announcement of budget on providing a stimulus for a range of export commodities that continued to fare inadequately.
While releasing a research on a variety of aspects of the World Trade Organisation (WTO) talks, commerce secretary Rahul Khullar said, "We will provide internal stimulus to those exports which are making losses only after the budget."
New Delhi, Dec 23 - Commerce Secretary Rahul Khullar Wednesday hinted at withdrawal of sops and subsidies offered to the export sector in the light of encouraging November trends.
"Some sectors have recovered over the period and fared pretty well in November. I think we could look at withdrawing the subsidies to some sectors," Khullar told reporters here.
The secretary was also of the view that the government should not provide subsidies to exporters and other sectors as it cannot sustain it.
The government has named the Disinvestment secretary Rahul Khullar as the new commerce secretary on Friday.
A 1975-batch IAS officer Khullar, who also served in the Commerce Ministry as Special Secretary for two years, exits the Department of Disinvestment at a time when the administration is making plans to offload equity stake in publicly owned companies.
Mr. Rahul has replaced Gopal Krishna Pillai, who has been made the new home secretary.
The Appointments Committee of the Cabinet (ACC) led by Prime Minister Manmohan Singh sanctioned the name of Mr. Pillai.
New Delhi, Feb 5: Senior officials of the Commerce Ministry on Tuesday advised Indian industry to apply themselves to the task of determining the stance that India should take in the World Trade Organisation (WTO) on liberalizing trade in remanufactured goods.
The issue of liberalizing trade in remanufactured goods under market access for non-agricultural products (NAMA) has come to the fore following the circulation of a US paper to the negotiating group on market access.