Connect with us

Business

India ranks 111 in mobile net speed

Agencies

Published

on

IST


New Delhi: Indians are getting a raw deal on mobile broadband speed from telecom operators despite the hype over digital India. India ranked at the bottom 111 spot globally, on mobile internet speed, according to speed test company Ookla.

Indians get a download mobile internet speed of 9.93 mbps against global average of 24.40 mbps. The mobile upload speed in the country is 3.82 mbps against global average of 9.70 mbps.

India ranked low despite showing a 15.2 per cent increase in average mobile download speeds overall.

 

“On the mobile side, India ranked at the bottom of the list but still showed a 15.2 per cent increase in average download speeds overall. This improvement comes at a quicker pace than mobile speeds in countries such as Indonesia, which had faster average speeds during 2018,” it said.

On fixed broadband, India saw the greatest improvement in fixed broadband speed among the world’s most populous countries. With an average fixed download speed of 23 mbps, the country improved by an impressive 50.4 per cent but is still ranked at 65th position.

These statistics show that there is a long way to go before India could be considered among the best in the world on internet speed.

Ookla said that of the five largest countries in the world, China claimed the fastest average mobile speeds, while the fastest fixed download speeds were found in United States and secondly in China.

“India trailed in a tie for third fastest fixed speeds with Brazil. Additionally, Ookla’s analysis looked at gigabit expansion across the globe and found the number of gigabit tests in New Delhi increased from 119 results in 2017 to 20,239 in 2018, an enormous 16,908 per cent increase,” it said.

Ookla said it analysis also revealed that
the world’s internet speed has increased over 15 per cent in 2018.
With a mean global speed of 22.82 mbps, the mobile downloads incre-ased 15.20 per cent over the last 12 months and the number of mobile uploads increased 11.60 per cent.


Comments

Business

Income Tax return processing time to reduce from 63 days to just 1 day

Agencies

Published

on

Mumbai:The Union Cabinet approved an integrated income-tax e-filing and centralised processing centre (CPC) portal, which will reduce the return processing time from 63 days to just one day. The new portal is also expected to process the refunds within one day of filing of tax returns, in huge relief for taxpayers. However, one will have to wait for 18 months to see its launch.

“Earlier, taxpayers would face troubles because of delay in refund processing and the CBDT used to spend a lot of money every year as interest on pending refunds, which will be history now,” Union minister Piyush Goyal told reporters after the Cabinet meeting here.

Last month, Central Board of Direct Taxes (CBDT) Chairman Sushil Chandra had said a simplified return form and process would be put in place soon in which the department would process the self-declaration made by the taxpayer. The new Rs 4,241-crore project will incorporate these changes.

 

“This is a laudable initiative and will go a long way to ease tax compliance, and enhanced experience for taxpayers. However, the real success of this will be measured when it brings ease to a common man and is accompanied by changes in the culture of the tax authorities at the operational level,” said Neeru Ahuja, partner, Deloitte India.

Currently, the e-filing portal and the CPC work separately. While e-filing is being managed by Tata Consultancy Services (TCS), the CPC is run by Infosys.

In the bids invited by the government, Infosys emerged as the lowest bidder and it would develop the ITR-CPC 2.0 project in 18 months from now, Goyal said.

Under the new system, Infosys will handle end-to-end solution — from e-filing to return assessment to refund processing. The CBDT and Infosys would work in a revenue-sharing model, sources in the know said.

Goyal said ramping up scrutiny was not the mandate of the new portal. Currently, about 0.3 per cent of the I-T returns are scrutinised, he said. The system intends to resolve taxpayer grievances as well as tax demands from the CBDT faster and equitably, he said.

“The decision will ensure horizontal equity by processing returns filed by all categories of taxpayers across the country in a consistent, uniform, rule driven, identity blind manner. This will assure fairness in tax treatment to every taxpayer irrespective of their status,” a government release said.

But even under the new ecosystem, only those applications which are clean would have the chance of getting processed in a day, sources said.

About 23 crore I-T returns have been processed, along with Rs 2.62 trillion worth of refunds, till September 2018 cumulatively. Of this, refunds worth Rs 1.83 trillion have been processed in 2018-19, said Goyal.

Continue Reading

Business

Lenders considering resolution plan for Jet Airways: SBI

Agencies

Published

on

Mumbai: State Bank of India (SBI) on Thursday said lenders are considering a resolution plan for Jet Airways to ensure long-term viability of the debt-laden company.

The SBI statement comes a day after the crisis-hit airline said discussions were “progressing well” with stakeholders on a comprehensive resolution plan that also contemplates equity infusion and consequent changes in its board of directors.

There are rising concerns over financial health of Jet Airways, whose shares have also taken a beating at stock exchanges.

 

“We would like to state that lenders are considering a restructuring plan under the RBI framework for resolution of stressed assets that would ensure a long-term viability of the company,” SBI said in a statement.

It said the restructuring plan for the cash-strapped airline would need approval from boards of lenders.

“Any such plan would be subject to approval of boards of the lenders and subject to adherence and clearance, if required, from the RBI and/or Sebi (takeover code, ICDR regulations.) and Ministry of Civil Aviation and in compliance with all regulatory prescriptions,” the statement said.

Shares of the airline are trading 4.24 per cent lower at Rs 259.50 apiece on BSE.

Continue Reading

Business

NGT slams Volkswagen for not depositing Rs 100 crore as per its 2018 order

Agencies

Published

on

New Delhi: The National Green Tribunal (NGT) slammed German auto major Volkswagen for not depositing Rs 100 crore in accordance with its November 16, 2018 order and directed it to submit the amount within 24 hours.

A bench headed by NGT chairperson Adarsh Kumar Goel took strong exception to the non-compliance of its order by the automobile giant and asked it to give an undertaking that it will submit the amount by 5 PM Friday.

“Why have you not complied with our order when there is no stay. We will not give you any further time,” the bench, also comprising Justice S P Wangdi, said while asking Volkswagen to submit an affidavit of compliance after deposit.

 

The tribunal deferred the matter for hearing after it was informed that the Supreme Court is also seized of the issue.

On November 16 last year, the tribunal had said that the use of ”cheat device” by Volkswagen in diesel cars in India leads to inference of environmental damage and had asked the German auto major to deposit an interim amount of Rs 100 crore with the Central Pollution Control Board (CPCB).

Continue Reading

Subscribe to The Kashmir Monitor via Email

Enter your email address to subscribe to The Kashmir Monitor and receive notifications of new stories by email.

Join 979,866 other subscribers

Archives

January 2019
M T W T F S S
« Dec    
 123456
78910111213
14151617181920
21222324252627
28293031  
Advertisement