The transition to high-speed 5G telephony is about to begin with a spectrum auction allowing governments to allow mobile airwaves up to 72000 MHz.
Reuters file photo
Are 5G phones likely to come to India in the near future? Several issues have been raised in this regard before.
The transition to high-speed 5G telephony is about to begin with a spectrum auction where governments have allowed mobile airwaves up to 72000 MHz. This is the largest volume sold and adds new frequencies and bands in line with international trends.
The auction is scheduled for July 26th, with a fixed booking price of around £4.3 trillion. This will introduce a new generation of mobile telephony needed for machine-to-machine (M2M) communications, smart factories, autonomous driving, remote surgery and the Internet of Things (IoT). It also brings great benefits to the fields of agriculture and education. The Indian government is keen to strengthen digital governance. Rules and guidelines have been created that apply to those who are successful in auctions. The winning bidder will be given the option to relinquish the spectrum after 10 years with no future liability. No spectrum user fees are proposed to be imposed on the spectrum acquired in this auction.
Some of my friends recently booked flights and booked hotels on a particular website. After paying, they realized that the ticket had been canceled and the hotel reservation had not been made. Are such scams becoming more and more common in India?
Unfortunately, ‘holiday scams’ are on the rise not only in India but globally as the demand in the travel and hospitality industry grows. According to US credit rating agencies, the rate of suspected digital fraud in the travel and leisure industry has increased 68% globally. Scammers register on certain her websites and contact prospective customers to get deep discounts on airfare and hotel rates. After taking the money from the customer, the crook disappears and disconnects the mobile phone. These individuals run fake travel websites and clone popular apps. Many of these criminals use stolen or hacked credit card details to purchase airline tickets, send them first to gullible customers, and then cancel them. Therefore, we recommend buying your tickets directly from the airline or through her website with a secure payment system. Police cybercrime departments are continuously chasing such scammers, but customers should take precautions themselves, preferably by booking through the official websites of airlines and hotels.
Can Indian Mutual Fund companies invest in international markets? I am under the impression that they are not allowed to do so.
your impression is correct. After exceeding the $7 billion cap in January this year, the regulator, the Securities and Exchange Commission of India, ordered Indian fund companies to stop investing in stocks and bonds listed on international exchanges. instructed. However, the recent decline in the global stock market has caused the value of international stocks and bonds to fall. This has reduced the total amount of investments made abroad by all Indian fund companies. In light of this development, SEBI recently allowed mutual fund companies to invest in international markets again. This is subject to a total cap of $7 billion across the industry. In short, the drop in value has allowed SEBI to allow Indian mutual fund houses to invest up to their unused limits. Please note that these limits set by SEBI are in accordance with the investment limits set by the Reserve Bank of India for mutual funds under the provisions of the Foreign Exchange Control Act.
HP Ranina is an attorney specializing in Indian tax and exchange control law.