iWorld
Telecom spectrum auction further delayed
NEW DELHI: The spectrum auction which has been put off from time to time will begin on 3 February 2014. The Department of Telecom (DoT) had been asked to give clarifications to a number of questions from mobile phone companies like Bharti Airtel and Vodafone India on spectrum usage charges, option of withdrawing from auction and availability of contiguous spectrum but there is still no clarity on these issues.
According to a notice issued today, the DoT will now give clarifications on the concerns raised by service providers on 2 January. The department has also extended the last date for operators to submit their applications to bid in the auction to 15 January.
While DoT will announce the pre-qualification of bidders by 25 January, bidders will also be given an option to withdraw their applications, according to the changes in the auction schedule. Service providers had objected to DoT’s move to remove the option of withdrawing their bids, as was allowed in the last auction.
Operators will now be allowed to withdraw their bids by 27 January and the final list of bidders will be announced on 29 January. A mock auction will be conducted over 30 and 31 January.
Leading operators like Bharti Airtel and Vodafone India had warned DoT in a pre-bid conference held last week that they could stay away from the upcoming bandwidth auctions if the government continued with the present cascading spectrum usage charge (SUC) regime, instead of moving to a flat fee structure of 3 per cent.
The government levies SUC between 3-8 per cent of revenue earned by telecom companies from telecom services, depending on the quantum of airwaves held.
The telecom department is set to auction 403 Mhz in 1800 Mhz and 46 Mhz in the 900 Mhz bands in the next round of auctions, beginning 23 January. The government aims to raise Rs 40,874.5 crore from spectrum revenue this fiscal year ending 31 March 2014, including one-time spectrum fee, and has its hopes pinned on this round to raise funds to limit its budget deficit.
Operators stayed away from the last two rounds held in November 2012 and March 2013 citing very high reserve prices and low spectrum availability. The government has set the reserve price in 1800 Mhz at Rs 1,765 per unit for pan-India airwaves, 25 per cent lower than the last auctions.
DoT also lowered the reserve price for Delhi, Mumbai and Kolkata circles in 900 Mhz band by 53 per cent from last auctions to Rs 360 crore, Rs 328 crore and Rs 125 crore respectively.
eNews
Paisabazaar launches Credit Premier League 2.0
Nationwide campaign rewards highest credit scores with Rs 1 lakh top prize.
MUMBAI: When credit scores become a national league, even your CIBIL report starts feeling like it’s playing in the IPL and Paisabazaar has just kicked off the second season. Paisabazaar, India’s leading marketplace for financial products and the country’s largest free credit score platform, has announced the return of the Credit Premier League (CPL) 2.0, a fun, nationwide initiative to recognise and reward individuals with the highest credit scores.
Building on the success of the first edition, CPL 2.0 introduces higher rewards and broader participation. The individual(s) with the highest credit score in the country will win Rs 1 lakh, while state champions will each receive Rs 10,000. Additionally, all participants from the winning state, the one with the highest average credit score will also be rewarded.
All winnings will be credited directly to winners’ PB Wallet, allowing them to pay credit card bills, recharge mobiles, or settle utility bills seamlessly on the Paisabazaar platform.
Paisabazaar CEO Santosh Agarwal said the campaign aims to make credit awareness more engaging and mainstream. “With CPL, we are bringing together engagement, gamification and rewards to make conversations around credit scores more mainstream,” he noted. “Our focus remains on building a financially aware and credit-healthy Bharat.”
The first edition of CPL saw over 5.5 million participants, with the highest individual score touching 861. Delhi recorded the highest average credit score of 746.
Consumers can participate simply by checking their free credit score on the Paisabazaar platform or app. The CPL leaderboard and rankings will be available exclusively on the Paisabazaar App.
In a country where financial dreams are serious business, Paisabazaar has found a smart way to turn credit scores into an exciting game – because when your financial health gets rewarded, everyone wants to play.
