• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• BL Club
• Smartbuy
• Books
• Gallery

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

The mobile industry pays around 20-25 per cent direct and indirect taxes, the load of which is ultimately passed on to the subscriber. If this tax is reduced, it would be a catalytic factor for the industry which currently is growing at the rate of 40-45 per cent.

If we want to achieve another 10 per cent growth, the Government should cut taxes for industry which will help in increasing the subscriber base and eventually generating more revenues. We would also expect the Government to pick out profitable PSUs to generate additional cash which will reduce the fiscal deficit.

The Indian telecom market has emerged as one of the fastest growing markets in the world. The sector has also fortunately not been adversely impacted by the global meltdown; however, to keep the momentum going strong for this sector, we do hope the new Budget would liberate the telecom industry in India from being subjected to multifarious taxes / levies.

The industry is now looking forward to a success story which could happen with prudent fiscal legislation and administration.

Debasis Chatterji, CEO, Netxcell Ltd

Copyright © 2009, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line