iWorld
New convergence bill draft envisages content, carriage bureaux
There seems to be no end to the modifications that are being envisaged for the Communications Convergence Bill. The revised draft of the Communications Convergence Bill 2001 has just been re-revised. Industry sources indicate that at the latest meeting of the Group on Telecom and IT (GOT-IT) held on 21 July, it has been proposed that within the ambit of high-powered Communications Commission of India that the bill envisages, there should be two separate bureaus – a carriage bureau and a content bureau.
Earlier talk was around content management remaining a part of the convergence bill. And the information and broadcasting ministry was to convene a forum for the media industry to discuss the nature of the “content” bureau within the CCI.
Information and broadcast minister Sushma Swaraj’s idea was that all content, including that relating to the Internet, should be regulated by a content bureau. Swaraj wanted that communications should be delinked from the ambit of the bill, the sources say. The telecom and communications ministries strongly opposed this pointing out that the it negated the whole concept of convergence. It was after this that a compromise formula was adopted where there would be two bureaus – a carriage bureau and a content bureau.
The revised bill prepared by the sub-group under Fali Nariman will have to be sent to Finance Minister Yashwant Sinha, who heads GOT-IT, and the prime minister. Then it will probably be referred to the Standing Committee. After which we can expect it to be put on the government website for invitations for further suggestions from the public. In this scenario how the government plans to keep to its stated aim of tabling the Bill in parliament during the upcoming monsoon session remains a mystery.
One thing has been agreed upon though. When the bill is finally ready for introduction in parlaiment it will be piloted by the communications ministry, the sources say.
To read the January 2001 modification of the convergence bill click on the link below.
e-commerce
Visa report tracks rise of India’s affluent, experience-led spending
Affluent base doubles to 130 lakh, travel 58 per cent of elite spends.
MUMBAI: In India’s new luxury playbook, it’s less about owning more and more about living better. A new whitepaper by Visa Consulting and Analytics (VCA) maps a decisive shift in India’s affluent economy, where spending is becoming more intentional, experience-led, and closely tied to personal identity rather than pure income growth.
Titled India’s Affluent Economy 2025–2026, the report draws on a Visa-commissioned Yougov study and VisaNet data across travel, dining, retail and lifestyle categories. The headline number is hard to miss: individuals earning over Rs 10 lakh annually have nearly doubled from 69 lakh to 130 lakh, significantly expanding the country’s discretionary spending base.
But it’s not just about scale, it’s about behaviour. As consumers move up the affluence ladder, discretionary categories are taking a larger share of credit card spends, positioning cards as key enablers of premium, lifestyle-driven consumption.
The geography of wealth is shifting too. Affluence is no longer confined to metros such as Mumbai, Delhi and Bengaluru, with cities like Ahmedabad, Surat, Jaipur and Lucknow increasingly mirroring metro consumption patterns.
The report highlights a clear pivot from ownership to access. More than 50 per cent of affluent consumers now use cards for elite memberships, while 7 in 10 are drawn to limited-edition drops and curated collections. Increasingly, luxury is defined by seamless access be it concierge-led travel or curated dining where time saved is as valuable as money spent.
Spending patterns reinforce this shift. Among the ultra-elite, travel accounts for 58 per cent of discretionary spends, far outpacing retail and luxury combined at 28 per cent. Cross-border spending penetration stands at 63 per cent, signalling a growing global outlook among India’s affluent.
Closer home, indulgence is becoming routine. Nearly 4 in 5 affluent consumers dine at premium establishments at least three times a year, while 1 in 4 visit luxury venues more than five times annually. Dining spends are also climbing, with Rs 20,000 emerging as a new entry-level benchmark per experience and Rs 50,000 marking premium territory.
Retail, meanwhile, is becoming more selective. Three in four affluent consumers make a high-end purchase at least once a quarter, while one in four shops premium every two weeks. Luxury retail intensity is also rising, with 2 in 5 consumers spending over Rs 5 lakh annually, and a smaller but significant segment exceeding Rs 10 lakh.
Technology and wellness are carving out new roles in this ecosystem. High-end gadgets now see average spends of Rs 60,000 or more per purchase, while ultra-elite consumers are eight times more likely to visit spas and show five times higher engagement with cosmetic stores than non-affluent groups.
The broader takeaway is structural. Affluent consumers are no longer buying products, they are buying ecosystems. Integrated experiences across travel, dining, wellness and payments are becoming central to how this segment lives and spends.
As India’s affluent base expands beyond metros and aligns more closely with global consumption patterns, the real opportunity lies not just in size, but in speed. For brands, the message is clear: relevance will be defined by how early and how seamlessly, they plug into this evolving lifestyle economy.
