The norms will be applicable to all enterprises, irrespective of whether or not their equity shares or potential equity shares are publicly traded. The institute has just released an exposure draft which proposes that an enterprise should present basic and diluted EPS for each class of equity shares that has a different right to share in the net profit for the period. It is hoped that, by making this mandatory, it will make it easier for analysts and investors to make comparisons of performance among different enterprises for the same period, and among different accounting periods for the same enterprise. The Trai had earlier recommended that there should be unrestricted number of operators and a differential tariff structure.
Operators providing services in high revenue-earning circles have to pay a higher licence fee.
However, contrary to the Trai's recommendation, the government has decided that the existing six private basic telecom service operators will also be required to pay the revenue-sharing part of the licence fee. Trai had also fixed a low entry fee for new operators. For instance, in Maharashtra circle, the new entrants will have to pay a licence fee of Rs 115 crore compared to Rs 795 crore paid by Hughes. In order to compensate the existing operators, the TRAI recommended a waiver of revenue-sharing part of the licence fee till July 31, 2003. An analysis, including impact on Indian operations.