It is not the urban centres alone that are powering India's phenomenal growth in mobile telephony. Data on rural telephony, compiled by the telecom regulator, shows people in villages are subscribing to mobile services in large numbers
The Reserve Bank of India is in favour of a cautious and gradual approach to financial sector reforms rather than a big-bang approach, as advocated by the Percy Mistry Committee report on making Mumbai an international financial centre.
The telecom regulator explains how he's hobbled by government policy and clarifies some parts of his latest recommendations.
The ordinance will raise the eligibility limit of bonus payments to those who earn Rs 10,000 a month as basic salary and dearness allowance, from the earlier cut-off of Rs 6,000 a month.
Anticipating elections, the United Progressive Alliance government plans to introduce an ordinance to relax the rules on the payment of bonus by the private sector and the Central government ahead of the festival season.
Move to impact joint ventures in telecom, insurance, broadcasting.
The UPA government is likely to close this financial year with around a billion dollars (around Rs 4,100 crore) as receipts from divestment of minority shareholdings in four public sector undertakings.
Sterlite had acquired a 51 per cent stake in unlisted Balco as part of the government's strategic sale of its shareholding in March 2001 for Rs 551.50 crore (Rs 5.51 billion).
The finance ministry had strongly opposed the hike announced by the commerce ministry.
In order to expedite the implementation of the Parekh Committee's recommendations on infrastructure financing, the finance ministry has decided to pursue a few key issues instead of taking up the whole report.
Petroleum ministry rejects conclusions of two reports ahead of EGoM.
According to a petition filed by Quadrant in the Delhi High Court, Travel Guru allegedly copied its software solution 'Final Quadrant SuiteCase'.
The proposed India-Iran Double Taxation Avoidance Agreement, which the two countries included in their joint New Delhi declaration in 2003, has run into a hurdle.
Defence officials contend that the services do not use spectrum for 'commercial purposes' and therefore do not need to pay for it.
The Planning Commission is considering a hike in public sector investment in the farm sector to 4 per cent of agricultural gross domestic product towards the end of the 11th Plan (2007-12).
The government is considering a proposal to examine foreign direct investment applications on a sector-wise, rather than country-wise, basis to assess their threat to national security.
Move could delay FDI liberalisation in the sector.
Contrary to the income tax department's hopes, many taxpayers continue to attach annexures (documents like tax deducted at source certificates etc) with the so-called annexure-less tax return forms introduced from this year.
The railway ministry has decided to sell a 20 per cent stake in RITES Ltd, an undertaking of the ministry which, among other activities, operates railway networks in some African countries, in an initial public offer.
Insurance companies will have more infrastructure firms in their equity investment portfolio soon.
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