06 Jan, 2016
483 Times Read.
RSS Feed for this Article
Worksheets on Current Topics for Banking English Test Papers.
Nirdeshak is developing tailor made comprehension section from the recent news articles published in leading newpapers across the world. It is important to recognizing letters and words in the passage, as it is the first step in learning to read. For students it is vital that students comprehend, or understand, what they are reading. They must be able to get the meaning of the text: What is the author telling the reader?
Topic: Call drops – Telecom companies
Telecom carriers, interpreting a court order in their favour, said they will ignore the regulator’s directive to pay compensation for call drops till they are legally required to, although Telecom Regulatory Authority of India reiterated that its decision stands.
“The matter remains sub judice, so things stand as they are. We will only pay the compensation if the court directs us to,” Ashok Sud, secretary general of the Association of Unified Service Providers of India ( AUSPI), told ET.
Sudeep Sengupta, spokesperson of the Cellular Operators Association of India (COAI), backed AUSPI’s stand and said operators will not provide any compensation till the court decides on the matter.
Top executives at leading telcos said they will wait for the court’s decision on the subject because the matter has financial and other implications. “It is not entirely a telco’s fault that call drops occur,” one of the executives said, asking not to be identified.
The Delhi High Court last month directed Trai not to take any coercive action against telecom operators in the matter of compensation for call drops until the next date of hearing on January 6. Trai has maintained that the court hasn’t stayed its order, which means telcos still need to abide by it.
Trai officials couldn’t be reached for comment on the matter. The telecom associations had filed a petition in the Delhi High Court against the regulator’s October 16 order mandating that they must compensate subscribers for each call that gets disconnected due to a fault at their end. The compensation was set at Rs 1, with a cap of Rs 3 per day per subscriber. The order was to have come into force on January 1.
Telecom analysts at Credit Suisse estimated that the regulation could shave off close to 3% of revenue and 7-8% of Ebitda on mobile operations at telecom companies annually.
The telcos opposed the order on the grounds that it went beyond the regulator’s powers and that subscribers may ‘game’ the system to claim compensation.
COAI, in an official communication to the regulator, said if 50% of the almost 1 billion subscribers in the country were to game the system, it would hurt the telecom industry by as much as Rs 54,000 crore a year. The regulator criticised the estimate and said that in no case would the maximum figure exceed Rs 800 crore annually.
End of Passage –
b) Understand in a particular way
c) Not following
a) Specific order
d) Direct action
a) To say again
b) Loop through
Q4. Sub judice
a) Court order
b) Court directive
c) Judicial theory
d) Under judicial consideration
The Swedish newspaper was recently asked it to delete the reference made by President Pranab Mukherjee to the Bofors scam in an interview to it, as a claim protested by the Indian Government on 27 May 2015. India has expressed disappointment over the disrespect shown to the President, the newspaper has defended its right to publish what was said during the interview.
Know, who is Vijay Kelkar and what is PPP !
Vijay Kelkar is a renowned economist and a former Finance Secretary. He was appointed head of newly constituted committee to give recommendations to recast the model of Public-Private-Partnership (PPP) model in India. India is one of the largest PPP market with over 900 projects. The Kelkar committee will review the PPP policy, suggest a better risk-sharing mechanism between private developers and the government after analysing such projects.
Know, who is Yaduveer Krishnadatta Chamaraja Wadiyar !
Yaduveer Krishnadatta Chamaraja Wadiyar was crowned as the new Maharaja of of Mysuru (Mysore) royal family. He is the 23-year old grandson of Princess Gayathri Devi, who was the eldest daughter of the last Maharaja of Mysore, Sri Jayachamarajendra Wadiyar. The coronation was held at Mysuru’s famous Amba Vilas Palace, which was decked up for the occasion.
Know about Sepp Blatter!
Swpp Blatter, was re-elected as FIFA president for a fifth term at the 65th Annual Congress of FIFA held at Zurich for four year term.
Prince Ali bin al-Hussein of Jordan stood against Blatter in this election. It is worth mentioning that FIFA is going through a major controversy regarding corruption in the organisation with two FIFA vice presidents and a recently elected FIFA executive committee member still in custody.