Presidential Elections: Support Dr.Meira Kumar

Bihar and Jharkhand governments have no choice but to support Dr.Meira Kumar. As defeat of "Bihar ki Beti" will invariably bring Shame to the Biharis and Jharkhandis (or erstwhile unified Bihar). Do you think that, people of Bihar will leave Nitish Kumar Scott - free, if Dr.Meira Kumar loses ? So, Nitish Kumar has very little option left but to support, Dr.Meira Kumar.

Moreover, if Nitish Kumar wants to fall in the BJP's well calculated electoral TRAP no one can save him in the next election.

Also, I am surprised to see Mr.Navin Pattanayak, so easily chewing the RSS bait. Orissa is a state, where there is large chunk of Tribal Christian voters loyal to the BJD (Biju Janata Dal). I am still to fathom, BJD's sudden electoral gamble of siding with the RSS and the BJP; when Mr.Pattanayak has been maintaining distance from them since some time.

Besides, the election of Dr.Meira Kumar, who is educated, experienced and very sober, might also correct some of the historical mistakes of not making her father, the Prime Minister of India.

Also, I don't think all the Muslim and Christian MPs and MLAs from the TDP and TRS will ever support a RSS backed Candidate, who acted against Dalit Christian and Muslin reservations. Therefore, invariably cross voting will take place, which might give the underdog, Ms.Kumar, a win. Support Dr.Meira Kumar, give a conscience vote and make her the 2nd Female President of India.

All the best to Dr.Meira Kumar.....👍✌



Wednesday, May 11, 2016

Idea Cellular Ltd: Buy
CMP: Rs.113.10
Idea’s 5% revenue and 16% Ebitda growth q-o-q were strong resulting in 340bp Ebitda margin improvement which is one of the highest in recent history. 

On the core business, it did well on voice with 4% improvement in prices and 1% in volumes. This is somewhat different to Bharti’s result—but both did well. Data trends are slow and steady—revenue rose 5%, ARPU 1% and 1.7 mn 3G adds growth.

In another significant, much-awaited relief for telecom operators, the Supreme Court on Wednesday struck down compensation policy for call drops levied by the Telecom Regulatory Authority of India. 

The operators had challenged the compensation of Rs 1 for every call drop, limited to a maximum of three such calls per day. Following an adverse judgement against them in the High Court, telcos approached the Supreme Court which stuck it down today, calling the Trai order "arbitrary and unconstitutional" as well as "illegal and not transparent".

"(The) SC has rendered historic judgement today by striking down the Trai s regulation," said Kapil Sibal, who was representing telecom operators in the court.

"SC said the regulation was unreasonable, arbitrary and the procedure followed was not transparent. Government and ministers should not try to be populist and do it in accordance with laws, not outside," he added. 

In October last year, Trai had come out with the regulation which was to come into effect from January 1, mandating operators to give one rupee for every call drop to the user, with a maximum of three per day.

The telcos had termed the regulation as arbitrary and whimsical, contending that providing compensation to consumers amounted to interfering with the companies' tariff structure, which could only be done by an order, and not by any regulation.

Trai had told the high court that consumers have a right to get compensated for call drops and this was different from the quality of service guidelines that cellular service providers have to follow under the licence conditions. However, telcos had argued that even if consumers were facing problems, a regulation without statutory backing cannot be created.

According to analysts, if Trai’s regulation is implemented, it could lead to a decline of seven-eight per cent in the operating income of telecom operators. However, for companies that had a call drop rate of two per cent or below – as was mandated earlier – will see a negative impact of three-four per cent on their operating income.

Interestingly, the new regulation did not allow leeway of two per cent call drops, which means the regulator expects the network to be perfect and telcos to pay for every call drop.

The government has been asking operators to invest in infrastructure to improve the quality of services, while operators say spectrum crunch is a major problem for call drops scenario.

Highlights:
## SC stucks down Trai s regulation for call drops compensation saying it's arbitrary and not transparent.

## In October last year, Trai had mandated telcos to pay subscribers Rs 1 for every call drop, subject to a cap of three call drops a day per user.

## Operators challenged the ruling in Delhi HC in December, 2015 which was dismissed on February 29 Telcos went to SC for a stay on March 3, but got no interim relief, hearing fixed for March 10.

## Telcos have earlier said the outgo from the industry would be nearly Rs 54,000 crore annually, but TRAI debunked these claims and said the payout would be only nearly Rs 800 crore annually.
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