“One man’s wage increase is another man’s prize increase” - Harold Wilson
Hey there!
Welcome to this week’s edition of Pennywise, your go-to for the latest business news! Here’s what’s happening:
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News Headlines: Reliance Jio and Airtel Price Hike: What’s New and Tips for Users
Telecom giants Reliance Jio and Airtel have raised their data pack prices by over 25%. Here’s what you need to know:
Key Details:
Price Increase: Both companies have hiked their mobile plan prices to boost their Average Revenue per User (ARPU).
Significant Change: After 30 months, we’re seeing a major price increase in the telecom sector.
Jio’s Move: Reliance Jio announced a 12-25% price increase across all mobile plans, both prepaid and postpaid.
ARPU Impact: This move aims to boost Jio’s ARPU, which had been stuck at Rs 181.7 for three quarters until March 2024.
Response:
Impact on Users: Millions of users will feel the impact of this price hike.
Plan Availability: Despite the hike, both Jio and Airtel will continue to offer monthly, quarterly, and annual plans.
Government Statement: The Indian government assures that the Telecom Regulatory Authority of India (TRAI) monitors these changes to ensure they follow the regulatory framework.
Saving & Budgeting Tip:
Optimize Your Savings with Strategic Recharges
To save money, look at your monthly data usage:
Use Less Data? Switch to a lower data plan before your current plan expires.
Explore Alternatives: Check out plans from other providers like Vi (Vodafone Idea) to find potential savings and navigate the new price hikes.
That’s it for this week! Keep an eye out for more updates and insights from Team Greenbucks.
Catch you Later!
The Greenbucks Team
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