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'internet services' becomes costly for consumers ::

Last updated: 28 August 2007 Follow on Google News

The government on Saturday reduced the foreign direct investment limit in internet services to 74% from 100% earlier and introduced a 6% revenue share clause that may spell costlier internet services for consumers. In its internet service policy unveiled on Saturday, it also introduced a higher entry fee of Rs 20 lakh for category A (national-level) licence and Rs 10 lakh for Category B (state-level) licence, against a flat fee of Re 1 earlier. It has done away with the Category C (local-level) licence altogether.

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CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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