The RBI on Friday allowed banks to put on hold EMI payments on all term loans for three months, slashed the cost of fresh borrowing by cutting policy interest rate by steepest in more than 11 years and infused a massive Rs 3.74 trillion liquidity as it joined the efforts of the government to counter the economic fallout of coronavirus
Cellular Operators Association of India (COAI) also allayed fear of hike in tariff by the telecom operators.
understand market situation. They will give tariff stable for now," Mathews said.
Telecom operators have been asking for fixing minimum tariff for call and data rates. Vodafone Idea has suggested that the mininum rates should be fixed starting April 1, 2020.
Mobile subscribers get access to 4G data at a price as low as Rs 3.5 per GB but if the floor price is fixed as demanded by telecom operators, mobile internet prices will rise 5-10 times from the current level.
Debt-ridden Vodafone Idea has proposed that the minimum price of data should be fixed at Rs 35 per GB, Bharti Airtel has proposed minimum price of Rs 30 per GB for low data users and Reliance Jio wants it to be hiked gradually to Rs 20 per GB.