Budget impact on Telecom Sector     (updated - 07 July 2009)
In the Budget 2009-10, full exemption from 4% special CVD on parts for manufacture of mobile phones and accessories has been proposed to be reintroduced for one year.

The proposal is positive for the telecom services industry as it will help in achieving the key objective of the government to ensure fast spread of affordable connectivity to the rural areas.

But whether the cost of mobile phones will come down is a moot point.

Budget Impact on Telecommunication Sector               

Disclaimer: Information presented on this site is a guide only. It may not necessarily be correct and is not intended to be taken as financial advice nor has it been prepared with regard to the individual investment needs and objectives or financial situation of any particular person. Stock quotes are believed to be accurate and correctly dated, but does not warrant or guarantee their accuracy or date.
Our site takes no responsibility for any investment decisions based on recommendations provided on website.