The ministry wanted to use spectrum in the 700-MHz band for mobile TV services.
Monsoon, the life-line of Indian agriculture, has been deficient by 13 per cent so far, affecting the sowing of kharif crops, particularly coarse cereals and pulses.
Government will offload 9.5 per cent of its ownership.
With a high-powered ministerial panel on fuel pricing being scrapped, a cabinet committee may consider raising the prices of diesel, LPG and kerosene, Oil Minister S Jaipal Reddy indicated on Wednesday but refused to say when the issue would be taken up.
The Dravida Munnetra Kazhagam is upset with the prime minister's office for not including DMK's M K Alagiri in the Empowered Group of Ministers on drought.
The government takes pragmatic steps on telecom.
According to sources, DoT has been asked to prepare a matrix of various levels of reserve price and spectrum usage charge at every Rs 1,000 crore (Rs 10 billion) difference in descending order and the impact that would have on tariffs for end-consumer and the revenue accrued to the government.
The second round of spectrum auction will begin in March after the Cabinet decides on reducing reserve price of 800 MHz band, used for offering CDMA-based mobile services.
Reacting to reports that Home Minister P Chidambaram may be appointed as head of the Empowered Group of Ministers on telecom, the Bharatiya Janata Party on Saturday said, this is a "cruel joke" on the nation and goes against Prime Minister Manmohan Singh's claim of maintaining a high level of integrity.
In a move indicative of a hardening of stand against the opposition Bharatiya Janata Party, the ruling Congress has decided to cock a snook against the BJP. Renu Mittal reports.
In a move indicative of a hardening of stand against the opposition Bharatiya Janata Party, the ruling Congress has decided to cock a snook against the BJP. Renu Mittal reports.
Pawar, who postponed Monday's scheduled meeting of the EGoM, saying he was busy, sent a letter to Prime Minister Manmohan Singh to relieve him as head.
The empowered group of ministers has been reconstituted after Pranab Mukherjee, who was heading it, resigned as Finance Minister to contest the Presidential elections.
Top sources in the government told Business Standard the Congress managers wanted the rise in prices to be a collective decision of the United Progressive Alliance and also make sure allies could not wriggle out of the exercise to take harsh economic decisions.
The finance minister's office had sought the Cabinet Secretary's opinion whether Mukherjee should remain part of the EGoM in the wake of his presidential candidature.
After poor response to last month's 2G spectrum sale, a ministerial panel on telecom on Friday decided to lower the base price by 30 per cent for radiowaves in 1800 Mhz band in four circles, which attracted no bidders, for fresh auction this fiscal.
The auction of 2G spectrum might be delayed, as the government may file a petition in the Supreme Court for an extension of the timeline. According to current SC directive, the auction has to be conducted by August 31 this year. However, due to procedural delays, the department of telecommunications is looking at extending the timeline.
The EGoM decided to auction a minimum of eight blocks in all service areas after reserving spectrum for refarming against the allocation of 900 MHz for incumbent operators whose licences will expire during 2014-2016.
The Adani group will have understood the fragility of investor trust in the group. The group needs to improve transparency including in areas like share-ownership (which they have long and mistakenly believed can be side-stepped) and related-party transactions, among others, Amit Tandon and Hetal Dalal point out.
Monday's meeting of the empowered group of ministers on pricing of gas from Reliance Industries' D6 block in the Krishna-Godavari basin has proved inconclusive.
In a surprise move, the Ministry had on October 10 moved a note to the Empowered Group of Ministers opposing a hike in price of RIL's KG-D6 gas before April 2014 even though the company itself was not seeking a revision before that date.
Multiple disputes to ensue; auction begins today, but will do little to quell uncertainty.
The Union Cabinet headed by Prime Minister Manmohan Singh accepted recommendation of the empowered group of ministers that all existing mobile phone companies must pay one-time spectrum charge.
The ministerial panel is now likely to meet on June 24 or 25.
ADAG group company Reliance Energy Ltd is the second-lowest bidder for the Rs 16,000 crore (Rs 160 billion) project, after Lanco. However, with the Lanco bid becoming invalid, REL could claim to be the lowest bidder.
Incumbent operators can retain 2.5-MHz spectrum in 900-MHz band, rest to be refarmed decision final.
The group also said that the companies will have to pay a market price if they merge or acquire another company, which was allocated spectrum at old price of Rs 1,658 crore.
In his letter dated October 11, written before the last EGoM meeting, Ambani has said the government would incur a loss of at least Rs 35,000 crore if the EGoM had decided to charge for excess spectrum beyond 6.2 MHz only prospectively from 2012, and not from 2008.
Operators say no option but to challenge it in court, decision on refarming deferred
While it gives clarity on one regulatory issue, the financial burden increases for the sector.
The empowered group of ministers (EGoM) on telecom headed by Finance Minister P Chidambaram on Monday decided to impose a one-time fee on incumbent operators prospectively for spectrum beyond 4.4 MHz in GSM and 2.5 MHz in CDMA.
Finance Minister is unhappy over lack of storage capacity.
Petroleum Minister Murli Deora has sought reconstitution of an empowered group of ministers to decide on allocation of gas from RIL-operated KG-D6 fields to new customers. Deora, who met T K A Nair, principal secretary to the prime minister on Sunday, has formally written to the Cabinet secretary for reconstitution of the eGoM on the lines of the previous ministerial group headed by the then External Affairs Minister Pranab Mukherjee.
Draft bill seeks to provide grains to households in both priority and general categories and cooked meals to all others.
Two decisions by an empowered group of ministers on Tuesday demonstrated the government's continuing inability to come to grips with the problems being faced by the aviation sector.
The empowered group of ministers, headed by P Chidambaram (who has now taken over as the Finance Minister) has suggested a 20 per cent lower base or reserve price at Rs 14,000-15,000 crore (Rs 140-150 billion) for 5 Mhz of airwaves as against around Rs 18,000 crore (Rs 180 billion) recommended by sectoral regulator Trai for the auction of spectrum vacated after the Supreme Court order.
Still battling the fallout of last month's steep Rs 7.54 a litre hike in petrol price, the government on Friday said it is not considering raising rates of diesel, domestic gas (LPG) and kerosene for the moment.
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