The termination charge is paid by an global long distance operator, from whose network the call originated, to the Indian telecom operator on whose network it terminated.
The new rate will be effective from February 1.
The move is against national interest as the country will lose precious foreign exchange due to a sharp reduction of 43% in ITC, said Rajan Mathews, director general, Cellular Operators Assocation of India, in his reaction to the move.
According to Trai, the reduction in termination charge would reduce arbitrage with domestic call tariffs, therefore plugging the illegal VoIP gateway business in India, which will in turn lead to the eradication of the grey market for global incoming traffic.
The number of worldwide calls made to India were comparatively lesser than those originating from the country.
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