The Department of Telecommunications (DoT) has directed telecom companies to block 28,200 mobile handsets and re-verify 20 lakh mobile numbers as part of government’s security measures. This directive aims to prevent the use of counterfeit or illegal devices. Read on to learn more about the implications for the telecom industry and consumers.
Lifestyle inflation, driven by demand and targeted by policy rates, has exceeded the increase in prices of essential commodities since FY18, according to a report by Bank of Baroda’s economics department. The report highlights that lifestyle inflation rates have risen from 4% in FY18 to 6.4% in FY23, while per capita gross national disposable income has grown at a CAGR of 8.5%. The analysis reveals significant increases in the prices of various lifestyle items, reflecting increased affordability and aspirations for improved living standards.
