Indian news source Business Standard is reporting that the Telecoms Regulatory Authority of India (TRAI) is planning to consult with industry players on a framework for the reduction of interconnection charges; the existing interconnection rate was set in 2003. TRAI chairman Nripendra Misra has stated that the regulator will begin discussions with industry figures after it has examined existing global practices for calculating termination charges. ‘TRAI has conducted much work on this front and is readying a framework that will be the basis of the consultancy paper. The paper will be followed by open houses (public debates). After the industry’s comments, TRAI will decide on the reduction of termination charges,’ said a source close to the development. No date has been fixed for the start of the consultation, although sources have suggested that it would be likely by the beginning of November 2008.