The commerce department has said that earnings through the new tax will equal the losses faced by Indian industry after the US tariffs on steel and aluminium.
Special CBI Judge O P Saini adjourned Monday's proceedings in the wake of stay granted by the Supreme Court on separate pleas filed by Mittal and Ruia challenging the March 19 order of the trial court summoning them as accused in the case.
Birla group firm Idea Cellular Ltd and Modis-owned Spice Telecom on Friday dared the government to allocate spectrum to those mobile operators who submitted applications after them.
Reliance Jio Infocomm, expected to start commercial operations in the Indian telecom space in the next few months, had a net worth of Rs 5,026.16 crore, the company said in a statement submitted to the Department of Telecommunications (DoT) on Monday.
The eight-member committee set up to look into new subscriber-base norms for spectrum allocation has left it to the Department of Telecom to consider either the recommendations of the Telecom Regulatory Authority of India or Telecom Engineering Centre, DoT's technical wing.
The move should help as many as 25 aspirants, including Unitech, Parsvnath, DLF, HFCL and Shyam Telecom, seeking to enter the lucrative GSM mobile services space.
According to sources, spectrum was available in the range of 50-60 MHz in nine states and was sufficient to accommodate all the new players as well as demand from the existing operators. However, in some important circles like Delhi, only one of the new players could get initial spectrum. Some of the existing players have objected to the move, saying allocation of spectrum at this juncture would be illegal as the matter is subjudice.
Bharti Airtel has paid Rs 11,374.7 cr while upfront amount due from it was Rs 7,832.20 cr
Regulator wants the power to fine errant telecom companies.
The government on Thursday said it has directed Mahanagar Telephone Nigam Ltd to monitor illegal international calls through its Nepal subsidiary.
The Central Bureau of Investigation on Wednesday night arrested three people, including V Gowthaman, the then additional private secretary of Dayanidhi Maran, in connection with alleged allotment of more than 300 high-speed telephone lines to the then telecom minister's residence in Chennai which were extended to his brother's TV channel.
The Department of Telecom (DoT) has recommended levying a one-time fee on existing mobile operators for spectrum they may hold in excess of 6.2 Mhz limit to garner at least Rs 22,640 crore.
The department of telecom (DoT) on Friday announced a set of rules for granting telecom licences and allocating spectrum that is likely to impact GSM-technology service providers like Bharti Airtel and Vodafone Essar, among others.
Qualcomm had received its internet service provider licence last month, after a delay of 18 months, with a validity period of 20 years after a Telecom Disputes Settlement and Appellate Tribunal direction to DoT.
In a notification on its website, DoT said all internet and broadband subscribers using Wi-fi connectivity would need to get themselves registered with the respective telecom service providers for completing the centralised authentication procedure within 60 days.
The Supreme Court on Thursday admitted an appeal by Reliance Infocomm against a government order imposing Rs 150 crore penalty for violating telecom licensing conditions by diverting international calls as local ones.
The government on Thursday made it clear that BlackBerry services may be banned if its maker, Research-in-Motion, fails to provide a monitoring solution in the next five days.
The Department of Telecom has worked out a one-time spectrum charge of over Rs 2,060 crore to be levied from operators for the period they remained in business after their licences were cancelled in February last year, sources said.
The Central Bureau of Investigation has filed a case against former Telecom Minister Dayanidhi Maran and BSNL officials for allegedly allotting 300 high-speed telephone lines to Maran's residence in Chennai which were extended to his brother's channel.
Modelled loosely around the National Highway System of the US, he in 2001 launched the Golden Quadrilateral and the North-South & East-West Corridor projects to build 4/6 lane highways between four top metropolitan cities of Delhi, Mumbai, Chennai and Kolkata as well as from Srinagar to Kanyakumari and Porbandar to Silchar.
In a development that has huge financial implications for existing as well as new operators, the Telecom Regulatory Authority of India has recommended fixing the price for 6.2 Mhz of pan-India start-up 2G spectrum at Rs 10,972.45 crore (Rs 109.724 billion), more than six times the present cost of Rs 1,658 crore (Rs 16.58 billion).
Department of Telecommunications has reportedly blocked the popular website.
The British telecom major on Tuesday moved the dispute resolution panel, seeking relief from an order sent by the I-T department in December.
A company spokesperson said Vodafone has received a copy of the report submitted to the DoT and said the company's accounts are in line with statutory standards set by telecom tribunal Telecom Disputes Settlement And Appellate Tribunal.
As many as 342 aspirants, including AT&T, DLF and Deutsche Telecom-MoserBaer who failed to get new telecom licences in the last round, may get to bid for spectrum for launching next generation (3G) mobile services.The department of telecom (DoT) is understood to have mooted the proposal to allow those who had applied for licenses between September 25, 2007 and October 1, 2007, to participate in the next generation 3G mobile telephony services.
The storm is likely to impact Mumbai, Thane and other coastal districts of Maharashtra like Raigad and Palghar along with Valsad, Navsari, Surat, Bhavnagar and Bharuch districts of Gujarat and Union Territory of Dadra and Nagar Haveli and Daman and Diu. Preparations for the impending cyclone were discussed at a meeting of the National Crisis Management Committee (NCMC), headed by Cabinet Secretary Rajiv Gauba, a home ministry statement said.
A total of 16 secretaries have been appointed to various central government departments.
With the green cover gone, the bald roads to Puri are now reigned by lorries laden with electric poles, ambulances, fire service vehicles and cranes, signalling the rebuilding effort is in the works.
Currently, ISPs pay only Re 1 as annual licence fee while Internet telecom service providers, or telecom operators providing Internet services, pay 6 per cent of their annual gross revenue as licence fee.
Concerned over poor track record of Internet service providers, Telecom Regulatory Authority of India recommended on Thursday lowering of foreign direct investment on par with telecom sector at 74 per cent from the existing 100 per cent.
Ten central trade unions except Bharatiya Mazdoor Sangh are observing one-day general strike on Thursday to protest against various government policies.
The auction for Broadband Wireless Access started on Monday with 11 players, including Bharti, Vodafone, RCom and Tatas, in the race to acquire the two slots on offer.
Tier-II and tier-III towns have a reason to rejoice.
Capital dumping is being used by foreign e-commerce firms to subsidise and engage in predatory pricing, oil-to-telecom conglomerate Reliance Industries (RIL) has told the Associated Chambers of Commerce and Industry of India (Assocham) in an internal document. The document alleges that this is leading to massive unemployment and financial distress among small merchants and kirana stores. It consists of various recommendations and proposed changes that deal with Press Note 2 of 2018 (PN 2), which RIL wanted Assocham to present to the government, according to sources.
The case is likely to come up for hearing on Monday.
The company shot off its second letter to the Department of Telecom in the last four days, seeking clarifications from the government.
The government on Friday said the telecom operators, who had bagged 3G spectrum in the auction held recently, would be allocated airwaves from September 1, paving way for launch of high-speed mobile broadband services.
The government is looking for a speedy roll out of Wi-Fi services at select public places in top 25 cities with population of over 10 lakh by June 2015.
