Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: ACCOUNTING STANDARDS :: VAT RATES :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: VAT Audit :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: form 3cd :: due date for vat payment
 
 
« General »
 Income tax department to target senior executives who have US bank accounts
 Exporters file over 10,000 applications for GST refunds
 Government wants RBI rate cut before March: Finance ministry sources
 Govt begins review of tax, other norms for startups
 Fall in tax collection compounds crisis
 Govt sets up task force to review income tax laws
 Tax queries: Contact employer to get Form 16 error rectified
 Finance Ministry may hike monetary limit for filing tax appeals
 Compilation of all notifications issued ON
 Banking transaction tax to have cascading effect: NIPFP
 While filing tax in India, NRIs do not have to state overseas income

Deloitte optimistic on Mobile Value Added Services growth in India
March, 18th 2011

Indias current Mobile Value Added Services (MVAS) industry has an estimated size of Rs.12, 200 crores. The Indian MVAS industry derives its revenues majorly from the top five to six products such as game based applications, music downloads, etc. These continue to form close to 80% of VAS revenues, and have become easily replicable. The other types of services such as governance, education, and commerce constitute only 20-25% of VAS revenues, leaving large scope for growth. A study on Indian MVAS industry by Deloitte hopes that MVAS has the potential to achieve digital empowerment which would help bridge the digital divide and foster inclusive growth in India. Such MVAS, which seek to digitally empower citizens by providing access to essential information and services, and foster inclusive growth, have been classified as Utility MVAS, by the Deloitte report.

According to Mr. Sandip Biswas, Director, Deloitte in India, The Indian MVAS industry is estimated to grow to Rs 48,200 crores by 2015 from the current estimated size of Rs. 12,200 crores. The next wave of growth in subscriptions will come from semi-urban and rural areas. Today the penetration of mobile phones in urban areas is already ~ 100% while in rural areas it is only ~23%. 

Non-voice revenues currently constitute about ~10% of revenues of Indian telecom operators. A comparison with other countries indicates an average of ~23%, providing large scope for growth of MVAS in India he added.

The reach and penetration of mobile phones can ensure the delivery of a large number of services in a cost effective, fast and seamless manner even without physical access, as is seen from such initiatives around the world.

The key drivers for Utility MVAS include: (1) Government mandate for inclusive growth (2) Increasing mobile phone, and network penetration (3) Need for differentiation among telecom operators and device manufacturers (4) Increasing consumer demand and awareness, even in non-urban areas (5) Business need of service providers such as hospitals and banks (6) Automation due to Information and Communications Technology (ICT).

While the opportunities are tremendous, given the mobile phones growing reach and the advancement of technology including the foray of 3G, there are plenty of challenges that face the Utility MVAS space today. These challenges result from non-fulfillment of the critical success factors for industry growth: (i) Policy Framework (ii) Support Infrastructure (iii) High Equilibrium Ecosystem. While the policy framework sets boundary and gives direction, the support infrastructure provides the critical base required for the ecosystem to be built.

Certain action needs to be taken by all players in the Utility MVAS value chain / ecosystem to meet the numerous challenges these services face and ensure the uptake of such services in India.  In order for the success of Utility MVAS, it is imperative that the government / regulatory authorities initiate by laying down a vision, and set of guidelines to provide the industry with the direction. Infact, a phase-wise implementation approach, spread across Initiation, Prioritization and Deployment could prove to be the optimal approach for India. It is only a matter of the government and the industry coming together to create a win-win situation for the industry and the consumers.

Source: http://www.business-standard.com/india/news/deloitte-optimisticmobile-value-added-services-growth-in-india/428887/

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Privacy Policy

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions