Gujarat banks lose Rs 7,000 crore, telcos Rs 30 crore on restricted internet services

Gujarat has been without Internet accessibility over mobile phones and dongles for a week now. Internet services were shutdown after the Hardik Patel-led agitation for a reservation for the Patel community broke out into rioting. The move has been made to keep rumours and further agitation in check.

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While the rest of the country was bound to an August 31st deadline to file Income Tax returns, the deadline has been extended to September 7 for Gujaratis in the wake of restricted internet services in the state.

A report in Times of India says that suspending internet connectivity on mobile phones and dongles has adversely affected daily operations in companies and indusries in Gujarat. Even e-commerce companies and app-based or web portal based cab services, banking operations, hotels have been affected.

Companies that deal with overseas clients or domestic and foreign transactions have been crippled for the past week. Making payments and sending dispatch orders has been impossible.

The TOI report says that e-commerce websites, app-based cab services, net banking services have witnessed a 90% drop in transactions. The losses run into thousand of crores across sectors, the report states. Even SMS services in the state aren’t functioning, which means e-commerce transactions are impossible to process in the absence of a one-time password from banks.

The report also quotes certain people who have had to shift to their offices elsewhere in the country to ensure smooth operations.

DoT officials have said that telecom companies that delve in internet services, have already accrued losses of Rs 30 crore till August 31, while banks have stated that they have lost Rs 7,000 since internet connectivity has been restricted in the state.