The inflation bogey that stalked the government earlier in the week appears to have lost force, with the wholesale price index declining to 6.05 per cent for the week ended February 17, 2007, against 6.63 per cent for the previous week.
For starters, the application to the commission will have to be made together with the payment of the tax liability. The application can be made only before the assessment officer has completed proceedings, and not after.
The non-availability of transponders on satellites has hit the expansion plans of not only existing direct-to-home players such as DD Direct Plus and Dish TV but also new entrants such as Sun Direct, Reliance Bluemagic and the Bharti group.
The country's fiscal deficit, as a percentage of GDP, would be wiped out if the crude oil price, as measured with the Indian basket, touch $80 per barrel.
The govt is mulling the need to exercise its rights under the gas production-sharing contracts.
New recast plan calls for more loan rate cuts and lower equity returns.
Commerce Minister Kamal Nath is pushing for a major policy change, one that would result in foreign travellers to India being refunded the value-added tax they pay on purchases made here.
Budget 2007 is expected to introduce major changes in non-resident taxation, partly aimed at making it easier for foreign companies to do business in India and encouraging greater investment inflows.
Consumers in New Delhi, Mumbai, Kolkata and Chennai may have to shell out up to 50 per cent higher monthly cable bills in the second phase of the roll out of the conditional access system
With three more direct-to-home operators set to enter the market by the year-end, subscribers can expect services at even cheaper rates.
Broadcasters to see 30% drop in subscription revenue.
The finance ministry is likely to raise the exemption limit for service tax from Rs 400,000 to Rs 10 lakh (Rs 1 million) in the forthcoming Budget.
3-tier spectrum allocation policy to curb inefficient use.
A digital set-top box can be yours at one-third the price you pay now. Indian manufacturers like Bharat Electronics, and TVS are likely to manufacture set-top boxes for less than Rs 1,000.
Preliminary industry numbers show that against a demand for 200,000 cable boxes in the three cities so far, operators have only been able to service a little over half the demand.
Even as Left parties have demanded a review of the tax concessions provided to SEZs, the DoT has sought extension of excise duty exemptions to industrial units set up in telecom-specific SEZs.
In the battle between the conditional access system and the direct-to-home services, the latter seems to be edging ahead.
The power ministry has submitted a draft Cabinet note proposing to modify the 1995 mega power policy to allow a more flexible system of private participation in distribution through a franchisee model.
The opening up of the sector has led to investments of Rs 1,200 crore towards the acquisition of over 280 frequencies.
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