Tag Archives: ICA

Demonetisation: Rs. 500, 1000 Notes Should Be Allowed for Purchase of Mobiles, Says ICA

Mobile phone industry body Indian Cellular Association has asked the government to allow use of old Rs. 500 and Rs. 1000 notes for the purchase of handsets and claimed that their sales have come down by 50 percent due to cash crunch post demonetisation. In a letter to Finance Minister Arun Jaitley, the association said, “The mobile handset sales have ... Read More »

New Import Rules Adversely Affecting Mobile Manufacturing, Says ICA

Mobile manufacturers have demanded roll back of new import norms that mandate companies to provide bank guarantees for availing duty concessions. They claimed that due to new import rules this fiscal, funds to the tune of Rs. 15,000 crores of mobile companies have been blocked and manufacturing in the country has become very complex. “Mobile companies are estimated to have ... Read More »