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News digest: Trai lowers IUC, festive sales, economic revival plan and more

From Jaitley discusses ways to revive GDP growth to Trai cuts IUC by over half, BS brings you up to speed with latest news

News digest: Trai lowers IUC, festive sales, economic revival plan and more
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BS Web Team New Delhi
Advantage Jio: Trai cuts IUC by over half

In a fresh blow to incumbent mobile operators, including Bharti Airtel and Vodafone, the Telecom Regulatory Authority of India (Trai) has cut the interconnect usage charges (IUC, also known as terminating charges) by 57 per cent to 6 paise per minute effective October 1, from 14 paise currently. In two years, the charges would come down to zero, meaning there won’t be any payment for calls landing on other telcos’ networks. Read more
 
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