&w=3840&q=100)
Jio's data tariff move is good news for Bharti Airtel, Vodafone Idea
Devangshu Datta New Delhi
Listen to This Article
Jio has discontinued its 1GB/day data plan of Rs 249 (28-day validity), making its 1.5GB/day plan (Rs 299) the new entry-level data plan, marking a 17 per cent increase at the entry level. Jio, with a subscriber base of 498 million (213 million of which are 5G), will see about 30-35 per cent of its base affected. This move could lead to a 4-5 per cent increase in Jio's FY26 estimated revenue. Historically, such moves often lead to a round of tariff hikes by Bharti Airtel (Bharti) and Vodafone Idea (VIL).
Jio may be closer to a long-awaited listing, and
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
a few seconds ago
- Time of India
Private banks told to step up Jan Suraksha, credit outreach play
The government is urging private sector banks to increase their involvement in key financial inclusion initiatives like Jan Suraksha and SLBCs. Concerns have been raised about the insufficient engagement of some private banks, hindering the effectiveness of these programs. The government is emphasizing the need for faster claim settlements and improved banking infrastructure in rural areas and the Northeast. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads New Delhi: The government has directed private sector banks to step up participation in flagship schemes such as Jan Suraksha and to play a more active role in State Level Bankers' Committees (SLBCs) for settling issues concerning micro and small enterprises and other credit outreach officials from both public and private sector banks decided at a meeting last month to closely monitor progress on the matter and take remedial action where necessary, said two people familiar with the developments."It was observed that where some private banks are lead banks in some schemes and programmes, they have not been actively engaging with other stakeholders, which leads to low participation," said an official, adding that the government has also asked the Indian Banks' Association (IBA) to take up the matter with individual banks.A state-run bank executive said the bulwark of the financial inclusion campaign always rests with public sector banks (PSBs). "We are government-owned, and it's also our social responsibility, but if pursued correctly, it can be viable, as reflected in PMJDY accounts, which are low-cost deposits," he there are nearly 5.6 million accounts opened through PMJDY having a balance of Rs 2.61 lakh crore. Women account holders comprise over 55% of PMJDY June, M Nagaraju, financial services secretary, chaired a meeting to review the progress and performance of various financial inclusion schemes, including Jan Dhan Yojana , and insurance, and pension schemes under Jan Suraksha and PM Vishwakarma, with senior management of private sector the time, Nagaraju stressed on fast settlement of claims under Jan Suraksha schemes and the augmentation of banking infrastructure in rural areas and the Northeast, according to a finance ministry Centre has launched a three-month campaign starting July 1 to deepen adoption of Jan Dhan Yojana accounts, Jeevan Jyoti Bima Yojana, Atal Pension Yojana and other welfare the first month of the nationwide campaign, 105,000 camps were held in as many GPs covering a third of the total GPs in the country, with over 600,000 PMJDY accounts opened, over 700,000 enrolments under PMJJBY, about 1.2 million enrolments under PMSBY and 300,000 enrolments under APY. Re-KYC has been done in over 1.42 million bank accounts through these camps.
New Indian Express
a few seconds ago
- New Indian Express
Govt to criminalise promotion of online money gaming
The government plans to criminalise the offering or promotion of online money gaming and make it an offence for banks, financial institutions or individuals to facilitate fund transfers related to such activities. A bill to regulate the online gaming industry by prohibiting online money gaming was approved by the Cabinet on Tuesday and is expected to be introduced in the Lok Sabha tomorrow. The Promotion and Regulation of Online Gaming Bill, 2025 seeks to regulate the sector by promoting e-sports and online social games while banning online money gaming. The Bill also prohibits advertisements for money gaming platforms and prescribes penalties and fines for violations, with stricter punishment for repeat offenders. It prohibits offering, aiding, abetting, inducing or otherwise in the offering of any online money gaming service and declares it as an offence. Authorities will also be empowered to block access to prohibited games and seize related property to ensure compliance. Government sources said online money gaming is increasingly being used as a channel for money laundering, fraudulent transactions and other illicit activities, including cybercrime and terror financing. Offshore platforms have also been able to evade Indian tax and legal obligations, further complicating the situation. The absence of a central regulator has left the industry without uniform standards for content, user safety or financial practices, leaving players vulnerable and the sector without a coherent growth path. According to the government, in the absence of a clear framework, both e-sports and online social games in India continue to operate in a regulatory grey zone, restricting the sector's growth while exposing users, particularly young audiences, to various risks. Officials noted that there is currently no central authority overseeing online money gaming, while judicial interpretations of the distinction between 'games of skill' and 'games of chance' have been inconsistent, resulting in legal uncertainty and weak enforcement. The Bill will accord formal recognition and governance of e-Sports, 'enabling India to tap into the global competitive gaming ecosystem, promote sportsmanship, and open new career opportunities for youth'. The government claims that establishing institutional mechanisms for both e-Sports and online social games will support innovation, attract responsible investment, and ensure alignment with international best practices. The bill envisages the establishment of a new regulatory authority with an initial capital outlay of ₹50 crore and an annual recurring expenditure of Rs 20 crore. Implementation measures are expected to be rolled out within six months of Cabinet approval.
New Indian Express
a few seconds ago
- New Indian Express
All goods must display country of origin, MRP, key details
All goods sold in India, including those purchased through e-commerce platforms, will be required to display key details such as the Country of Origin, Maximum Retail Price (MRP), and manufacturing and expiry dates, failing which they will attract a penalty of up to Rs 5,000, Consumer Affairs Minister Pralhad Joshi said on Tuesday. In a social media post, the minister said the move is aimed at enhancing consumer awareness and ensuring greater transparency in the marketplace. He added that the government is proposing new filters that will make it easier for consumers to access this information while shopping. 'All goods, including e-commerce items, must display key details like Country of Origin, MRP and dates. Proposed filters will ensure easy access, with a penalty of up to Rs 5,000 for non-compliance. Helping consumers make INFORMED choices beyond statutory requirements — supporting #AtmanirbharBharat and encouraging smart shopping,' said the minister. Currently, most platforms only mention the country of origin in the product description section — something shoppers must manually scroll through, one item at a time. The proposal comes at a time when the government is seeking to strengthen consumer rights and promote local manufacturing by increasing transparency in product labeling. Authorities believe that mandatory disclosure of key details, especially the country of origin, will not only empower buyers but also boost demand for Indian-made products. The Ministry is expected to lay down implementation guidelines in the coming weeks, ensuring that both offline retailers and online platforms comply with the new rules.
