The whole order had included both 2G, the currently used technology, and third generation lines (used for high-speed mobile Internet access).
New Communications Minister A Raja is likely to opt for a global auction of third generation technology licences, a move that will allow virtually any global operator to bid for offering this service in India.
New winds are blowing in the Ministry of Communications and Information Technology offices at Sanchar Bhavan.
The deadline for compliance expired in December, 2005. Though new accounts are KYC-compliant, getting the old ones up to date is expected to take two or three years.
In a major bonanza, Bharat Sanchar Nigam Ltd is planning to offer its 36 million customers an accident insurance scheme free of cost.
FIPB rejected the proposal on the grounds that it did not comply with the 26 per cent cap on foreign direct investment in insurance ventures, government sources said.
A ministerial group is mulling a proposal to increase the troubled Dabhol power plant's capacity to 5,000 Mw from the present 2,184 Mw to ensure its long-term viability.
Social sectors like health and education will get a leg up in the Eleventh Plan (2007-12), even as some other sectors may see a reduction in fund allocation.
The government is likely to accord special economic zone status to the proposed mega food parks that come up during the 11th Five-Year Plan (2007-12).
All directors on the board of companies will mandatorily need a director identification number from July 1. The number is also mandatory for e-filing of various returns and documents.
A decline in exports, which is a distinct possibility at the moment, would affect employment in the sector and even lead to a loss of existing jobs.
Public and private sector GSM operators in the country have demanded an additional 13.2 MHz of spectrum
Bail-out package for loss-making industry awaits Cabinet clearance.
To give a new thrust to the National Highway Development Programme, the government has decided to pump in Rs 20,000 crore (Rs 200 billion) for six-laning of 3,000 km highways under phase-V of the programme in 2007-08.
The Reserve Bank of India has rejected Essar Communications' application to pledge its equity in Hutchison Essar Ltd to Standard Chartered Bank, London.
A sense of urgency can be detected in the Congress-led UPA government's attempt to shift its policy stance with a series of initiatives aimed at reinforcing its image as a government for the common man.
The central government has set itself a tight deadline of July this year for completing a series of reforms in the civil aviation sector.
Ratan Tata, in his capacity as the chairman of the Investment Commission, has warned that major projects entailing a combined investment of nearly $60 billion are meeting delays and roadblocks for no apparent reason.
With the opening up of the US and Japanese markets, the Indian mango industry expects Australia and New Zealand, the only two countries which still ban the fruit, to lift import restrictions soon.
The department of economic affairs in the Union finance ministry has suggested aggressive sterilisation of foreign capital inflows, tightening of government expenditure and intervention in key farm produce markets like wheat.
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