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Ringing Bells to launch India's cheapest smartphone at Rs 251

How much and how long can they keep giving subsidy? This is just another way of swindling money like mulayam singh yadavs laptops for all scheme.
See today's Times of India. The phone will be assembled from parts imported from Taiwan and will not be subsidized by any Govt. agency. However, two things to be noted. The promoters of this company are all 'Goels'..probably from same family. They claim to deliver all phones booked by 30th June 2016, although no plant/ workshop has been set up. Even a Li-ion battery cost more than ₹250/-. It is certainly a fraudulent scheme.
 

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