ECONOMY

Monthly Archives: NOVEMBER 2016


RCom Launches Unlimited Voice Calling Plan at Rs. 149, With 300MB of Mobile Data
22.11.16 - TEAM PT
RCom Launches Unlimited Voice Calling Plan at Rs. 149, With 300MB of Mobile Data



Reliance Communications on Tuesday launched a new plan at Rs 149 offering unlimited voice calls and 300 MB of data in an attempt to get more subscribers.

Called Rs 149 Unlimited, the new plan offers customers unlimited outgoing talk-time to any phone across any telecom network in the country, including STD calls. The plan is similar to a Jio tariff plan, but can be activated on any phone – 2G, 3G, or 4G -- unlike Jio’s, which requires a 4G VoLTE handset.
 
"The new unlimited plan is set to change the dynamics of mobile recharges in India, as customers move away from a traditional revenue per minute tariff model to a service subscription model based on ARPU,” RCom’s co-CEO, Gurdeep Singh said.

The new tariff plan will be available in 17 RCom circles but will not be available in the five eastern markets -- West Bengal, Bihar, Odisha, Assam and Northeast -- where where the telco does not have 2G spectrum.
 
The customers will be able to make unlimited voice calls, including STD calls, with the new telecom plan.Even though Reliance Jio is currently offering all of its services for free, the regular monthly telecom plans for the company will start from Rs. 149 as well. The base plan by Reliance Jio will also offer unlimited voice-calling and 300MB of mobile data. The two companies have spectrum trading and sharing agreements.




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RBI gives borrowers additional 60 days to repay loans
21.11.16 - TEAM PT
RBI gives borrowers additional 60 days to repay loans



In view of cash crunch being faced by borrowers, the RBI today provided additional 60 days for repayment of housing, car, farm and other loans worth up to Rs 1 crore. 

This is applicable to loans payable between November 1 and December 31, the RBI said in a notification. 
 
"... it has been decided to provide an additional 60 days beyond what is applicable for the concerned regulated entity for recognition of a loan account as substandard," it said. 

The RBI told banks, NBFCs, housing finance companies and others that this is a short-term deferment of norms for classification of a loan account as sub-standard due to delay in payment of dues owing to currency crunch.

The central bank has categorically said the delay in payment of loan dues falling between November 1 and December 31 should not result in restructuring of loan accounts.

Dues payable before November 1 and after December 31 this year will be covered by the extant instruction for the respective regulated entity with regard to recognition of NPAs," it said. 

The demonetisation of higher value currency notes has affected normal banking activities including clearing of cheques. Besides, borrowers are unable to get payments from their creditors due to various restrictions including cash withdrawal limit of Rs 24,000 per week, limiting their options to repay their dues. 




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WhatsApp launches video calling to take on Google Duo, Skype
15.11.16 - TEAM PT
WhatsApp launches video calling to take on Google Duo, Skype



WhatsApp has announced video calling feature to its app, which will go live on Android, iOS and Windows devices over the next couple of days. WhatsApp video calls were part of the Android public beta app for those who had signed up, but it is now coming out of beta and ready for all users. WhatsApp has promised the feature will start rolling out by tonight, and all video-calls made on the app will be end-to-end encrypted just like messages and voice-calls.
 
This move that will help the popular messaging platform compete with the likes of Skype, Apple’s FaceTime and the recently launched Google Duo.

The new feature will be rolled out to WhatsApp’s over one billion users over the next few days.
 
The Facebook-owned messaging service also announced that India has now 160 million monthly active users (MAUs)—more than anywhere else in the world—making it the perfect place to announce the new video calling feature.
 
"This has been in the works for some time and we are glad that we are launching the service from India, which has our largest userbase. Like voice calls, video calls are also going to be dynamic i.e. depending on the quality of network, the video will adjust accordingly,” WhatsApp Head of Business Neeraj Arora said.

He added that like text and voice calling features, video calls will also be encrypted end-to-end to ensure safety and privacy of its users.

"With the new update, users simply can choose between a voice or a video call and go ahead with the call,” he said.

So what is WhatsApp promising with the video calls? For starters, it says the quality will be optimised for networks in India. So WhatsApp will automatically figure out if your network connection is poor or a really good one, and adjust video quality according to this. It will also let users switch from front to back camera in the middle of a video call. Users can also send a text message to the person without disconnecting the video call itself. The video call feature will work across platforms for users.

The video call option will show in the Calls tab. You’ll see a video symbol, next to the regular phone call symbol. Just tap on that to make a video call; do note your friend will need to be on the upgraded version of the app with the video calling feature for them to receive the call. Also, you can’t make video calls on groups.
 
WhatsApp launched its messenger service in 2009 and voice calling in 2015. WhatsApp is available in 10 Indian languages.




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