GST Rates Will Increase the Prices of Smartphones Manu Kumar Jain who is the global vice president and MD of Xiaomi India marked that Increased GST rates will disrupt the entire Industry as the rupee is currently depreciating and increase in GST rates will result in an increased price of smartphones which would shift the whole burden on end consumers. Also, as a result of Increased GST, the Industry will fail to achieve its target of $80 billion or Rs 6 Lakh crores domestic cap by the end of 2025. As per the sources of ET Telecom, Manu also noted that Increased GST rates would slow down the pace of the government’s Digital India Initiative. Several other mobile makers such as ICEA and CAIT also showed their concerns regarding the new GST slab. Nipun Marya, who is the brand strategist of Vivo India, also marked that Vivo is still evaluating the new tax structure and will evaluate the effects of new tax rates in a few weeks. Asus ROG Phone II Stock Delayed Due to Coronavirus Outbreak The growing cases of Covid-19 have been increasing trouble for various industries around the world. Telecom Industry which is worst affected is facing disruption in supply chains because of the deadly virus. In the news, Asus ROG Phone II, which is the cheapest phone in India with a 120Hz screen is facing supply shortage as the Covid-19 has been spread all across Asia. However, the company has noted that the supply shortage is temporary and customers will soon get their hands of the Asus ROG Phone II.
