TRAI recommends new accounting system for telcos
The
communication ministry has been asked by TRAI to start a new reporting
and accounting system for the telcos. Under the new system, the
companies will need to  declare both combined and standalone revenues,
reports The Economic Times.
An audit of the telcos once in three to five years has also been
recommended. With the new system, the telcos will  have to give a
detailed break up of revenues earned from different services. The
recommendation was made after RCom divulged lower revenues from its
mobile services in order to pay less for the government license fee. As
most companies sell a wide range of services, it becomes necessary to
ensure the right revenue amount is disclosed.

Cellphones to be available on finance options
Mobile phones might soon be available on consumer finance from leading cellphone vendors. According to The Economic Times, 
cellphone manufacturers like Samsung, HTC and LG are looking at tying
up with finance firms and banks in this regard. Nokia is working with
SKS Microfinance to launch the scheme in rural areas, after similar
schemes did well in Andhra Pradesh and Karnataka. HTC  is planning to
roll out a pilot  scheme in the North. “Consumer finance for mobiles
phones, though new in India, is a tried-and-tested model globally. It
is a good way to boost sales in markets that have a distributor-led
sales structure. It helps target new consumer segments,” said HTC India
country head Ajay Sharma.