In the September 2023 quarter, the government’s collection of licence fees from telecom service providers rose by 8.23% year-on-year to Rs 5,326 crore, while spectrum usage charge (SUC) revenue decreased by about 40% to Rs 836 crore, as per the latest report from the Telecom Regulatory Authority of India (Trai). Despite a 1.22% decline in operators’ gross revenue (GR) to Rs 82,741 crore, adjusted gross revenue (AGR) increased by 7.43% year-on-year to Rs 66,583 crore during this period.
NY Fed’s John Williams flags need to gather more information on inflation risks before rate decisions
Federal Reserve officials John Williams and Alberto Musalem have flagged persistent inflation risks, with rapid AI infrastructure investment potentially adding to price pressures. Williams backed