The board of GSM service provider Vodafone-Essar is expected to discuss the income tax issue at its meeting to be held on Friday.
The Department of Telecommunications, which has been mandated to simplify the multifarious levies, would introduce the new regime in phases.
DoT is also planning to carry out verification on operators' premises to check the technologies they employ.
Individuals may soon get to invest in overseas commodity and equity derivatives.
At a high-level coordinate committee meeting to be held by the month-end, the government and the Reserve Bank of India will take stock of the situation.
The UK-based telecom major is looking at single name branding of its Indian joint venture firm, Vodafone-Essar (formerly Hutchison-Essar).
The central bank's objective is to align the regulations for such loans with the tenure and end-use norms for external commercial borrowings in a bid to check foreign currency inflows.
The service, first of its kind in the country, is expected to be launched shortly, if not within a week.
The content providers -- TV channels, FM Radio stations, e-commerce companies and credit card majors -- have blamed the service providers and mobile value-added services (VAS) operators for the problem.
Three Japanese submarine cable construction companies have been short-listed by Flag Telecom, a wholly-owned subsidiary of Reliance Communications
If you want to buy the latest high-end phone, be ready to dump your current service provider
Flag Telecom, a subsidiary of Reliance Communications, has signed a $100 million
Bonds/papers of Tata Motors, Reliance, SBI, ICICI and others turn illiquid in international markets.
Making its foray into mobile content outsourcing, the CDMA major, Reliance Communications, has signed its first contract with a Singapore-based GSM service provider.
On 60th Independence Day, it is bonanza time for telecom subscribers with operators rolling out a range of services.
Next time you answer the phone, chances are there won't be a caller at the other end, but a recorded message trying to sell a product or service. It doesn't expect an answer, but goads you to punch in a few keys in acceptance or simply hang up.
Indian telecom operators are tuning in to digital music as an alternative revenue stream, with income from traditional modes starting to dry up.
"It is a logical step. The information gathered through annual information returns will now be compared with the tax returns of individuals to see if taxes are paid correctly or not," said a consultant with a leading tax advisory firm.
The regulator has sought information from telecom licencees on their recovery methods, under an attempt to curb the growing problem.
The Central Board of Direct Taxes is considering a proposal to restrict the exemption on long-term capital gains only to companies constituting the BSE-500 index.
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