Reliance Jio brings new plans, prices rise by up to 39%
New Delhi, Dec 4: Billionaire Mukesh Ambani's Reliance Jio will raise mobile call and data charges by up to 39 per cent from December 6 through its all-in-one plans, which still will be an estimated 15 to 25 per cent cheaper than rivals'.
The all-in-one plans will provide at least 1.5 GB per day of data and increased number of offnet calls, the company said in a statement.
The tariff hike, which is planned to match similar increases by rival Bharti Airtel and Vodafone Idea Ltd earlier this week, give 300 per cent more benefits, it said.
"Further to its last statement dated 1st December 2019, Jio...announced the new 'All-in-One plans'. These plans will provide up to 300 per cent more benefits to the Jio consumers. These plans will go-live on 6th December 2019," Jio said in a statement.
The company on December 1 has announced that it will raise mobile plans rates by up to 40 per cent.
According to the new tariff plans, Jio customers will have to pay Rs 555 for 84-day validity and 1.5 GB of data per day, which is 39 per cent higher than the earlier plan of Rs 399 offering similar benefits.
The company has raised the price of Rs 153 plan to Rs 199; Rs 198 plan to Rs 249; Rs 299 plan to Rs 349; Rs 349 plan to Rs 399; Rs 448 to Rs 599; Rs 1,699 plan to Rs 2199, and Rs 98 plan to Rs 129.
The Rs 199 plan, a 28-day validity plan that offers 1.5GB data per day, is about 25 per cent cheaper than the plans of rivals offering similar benefits at a price of around Rs 249.
Bharti Airtel and Vodafone Idea have already raised mobile services rates by up to 50 per cent effective December 3.
Reliance Jio new plans come in line with expectation of market analysts that the company will price them lower compared to rivals.
"We think the incremental 300 per cent benefit which Jio is talking about is by offering more data allowances. In our view, it incrementally doesn't entice users much beyond 1.5 GB. Even after these hikes, we believe Jio will continue to be 15-20 per cent cheaper than the incumbent operators," Bank of America Merrill Lynch had said.
Telecom companies' move to raise mobile tariff follows the Supreme Court judgement, on October 24 this year, upholding the government's method of calculating revenue share that it should get from earnings of service providers.
Vodafone Idea last month reported a consolidated loss of Rs 50,921 crore -- the highest ever loss posted by any Indian corporate -- for the September quarter on account of liability arising out of the Supreme Court's order.
The company has estimated liability of Rs 44,150 crore post the apex court order, and made provisioning of Rs 25,680 crore in the second quarter this fiscal.
Vodafone Idea which is reeling under massive debt of around Rs 1.17 lakh crore had earlier cited acute financial stress on the company behind the decision to raise mobile call and data charges.
Bharti Airtel has posted a staggering Rs 23,045 crore net loss for the second quarter ended September 30, due to provisioning of Rs 28,450 crore in the aftermath of the SC ruling on statutory dues.
According to government data, the liabilities in the case of Bharti Airtel add up to nearly Rs 35,586 crore, of which Rs 21,682 crore is licence fee and another Rs 13,904.01 crore is the SUC dues (excluding the dues of Telenor and Tata Teleservices).
The government is currently not considering any proposal on waiver of penalties and interest on outstanding licence fee based on adjusted gross revenue (AGR), or on extending the timelines for telecom companies to pay up their statutory dues.
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What is Iran’s 10-point plan? Key demands ahead of US talks in Islamabad
Tehran/Islamabad: Iran has outlined a 10-point plan as the basis for upcoming talks with the United States, expected to begin in Islamabad on April 11, according to a statement from the Iranian Supreme National Security Council.
The plan lays out Tehran’s key political, military and economic demands, and is being seen as a framework for negotiations following the recent escalation in the region.
Strait of Hormuz at the centre
A major focus of the plan is the Strait of Hormuz, a critical global shipping route. Iran has proposed “controlled passage through the Strait of Hormuz in coordination with the Iranian armed forces,” which it says would give the country a unique economic and geopolitical position.
The plan also calls for the “establishment of a safe transit protocol” in the Strait that would guarantee Iran’s dominance under an agreed mechanism.
Call to end conflict
Iran has demanded “the necessity of ending the war against all elements of the axis of resistance,” signalling its expectation that hostilities should stop not only in Iran but also involving allied groups in the region.
US troop withdrawal
Another key demand is the “withdrawal of US combat forces from all bases and deployment points in the region,” indicating Tehran’s long-standing position against American military presence in West Asia.
Sanctions relief and compensation
The plan places strong emphasis on economic measures. It calls for “full payment of Iran’s damages according to estimates,” along with “the lifting of all primary and secondary sanctions and resolutions of the Board of Governors and the Security Council.”
It also seeks “the release of all Iranian assets and properties frozen abroad,” which have been a major point of contention for years.
Binding global guarantee
Finally, Iran has demanded that all these terms be formally recognised through “a binding Security Council resolution,” suggesting it wants international legal backing to ensure enforcement.
What this means
The 10-point plan reflects Iran’s broader push for security guarantees, economic relief and regional influence. The upcoming talks in Islamabad are expected to test how far both sides are willing to negotiate on these demands.
