Prime Minister Manmohan Singh on Monday said that although there is a huge gap in the prices of spectrum for 2G and 3G services, the whole issue needs to be seen in proper perspective.
The Economic Survey said that a number of indicators -- GDP, IIP, credit, investment and capacity utilisation, point to a deceleration in real activity since first quarter of 2016-17 and a further deceleration since the third quarter.
'The Budget will have to be substantially re-cast as soon as a new government takes charge after the elections.' 'Both revenue and expenditure numbers will have to be trimmed -- and then may better reflect the deceleration of economic activity caused by slowing consumption trends,' points out T N Ninan.
Foreign direct investment (FDI) in India declined by about 15 per cent to $12.6 billion (Rs 74,971 crore) during April-October this year, Parliament was informed on Wednesday.
Former Telecom Minister A Raja's written submission before the Joint Parliamentary Committee, in which he had claimed Prime Minister Manmohan Singh was in the loop over policy decisions, does not form part of the panel's report on 2G spectrum scam.
With the profitability of telecom operators declining due to "low tariffs and high costs", GSM industry body COAI Chairman Himanshu Kampania has said the mobile sector cannot sustain future investments with present low margins.
About 10,000 engineers of state-run telecom firm BSNL in the country started an indefinite strike from Tuesday, demanding absorption of officers on deputation at the PSU and transparent human resource policy.
The companies that have seen sharp erosion of market wealth include YES Bank, Indiabulls Housing Finance, Zee Entertainment, Vodafone Idea, and Bharat Heavy Electricals.
At a pre-Budget meeting, the FM was asked to ensure that NBFCs come out of the liquidity crisis they are facing with the help of RBI. They also spoke about the futility of trying to achieve a 3 per cent fiscal deficit target over the medium term.
Apple and Samsung are international players and should work as a team with domestic companies to transform India into a global powerhouse: IT Minister Ravi Shankar Prasad.
The 30-share S&P BSE Sensex ended up 130 points at 25,400 and the Nifty50 rose 46 points to close at 7,759.
As per the new privacy policy of WhatsApp, user information would be shared with Facebook
'Defence funding is channelled to State-owned research organisations where scientists are merely bureaucrats holding meetings and sending out minutes of meetings and press releases, but have long ago stopped any innovative work.' 'Unless this tragedy is fixed, India's chances to create world-conquering and job-creating new industries are slim,' says Ajit Balakrishnan.
The commission sent back the proposal of unrestricted internet telephony, seeking more clarity on how it would function, highly placed source said.
On these routes, the train speed would also be increased to above 160 kmph over the next four or five years by revamping the entire signaling, tracks and fencing.
The Department of Telecom, Department of Industrial Policy and Promotion, Ministry of Home Affairs, Ministry of External Affairs and the Department of Economic Affairs had to give their comments on the proposal, sources said.
Expressing deep concerns over India's policy of preferring domestically manufactured information and communication technology goods, the apex body of US telecom industry has told lawmakers that this will have negative impact on exports and economic competitiveness.
Of late, net neutrality has generated much debate.
Further telecom tariff reduction is on the anvil as department of telecom is in the process of issuing direction to the Telecom Regulatory Authority of India to come out with the revenue-share based access deficit charge.
Communication Minister A Raja on Thursday asked the Telecom Commission, which is responsible for policy formulation, licensing and wireless spectrum management among other things, to review the annual spectrum charges that service providers pay as licence fee.
India's economy could prove to be the "most resilient" in the subregion of South and South-West Asia over the long term, according to a report by the UN, which says a positive but lower economic growth post COVID-19 pandemic and the country's large market will continue to attract investments. The report titled 'Foreign Direct Investment Trends And Outlook In Asia And The Pacific 2020/2021', and compiled by United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), stated that inward FDI flows to South and South-West Asia slightly decreased by 2 per cent in 2019, from $67 billion in 2018 to $66 billion in 2019. The growth, however, was mainly driven by India, which accounted for 77 per cent of the total inflows to the subregion and received $51 billion in 2019, up 20 per cent from the previous year.
Shares of Bharti Airtel on Wednesday fell 6 per cent amid reports that the government is learnt to have approved levying of Rs 650-crore penalty on the company for violating roaming norms in 13 service areas between 2003 and 2005.
Chandrasekaran, who is the co-recipient of this year's USIBC Global Corporate Leadership Award, also said it is possible to have a limited deal between India and the US before the elections there in November if both sides work together to get something done and not try to solve all issues at once.
India's 100 top billionaires have seen their fortunes increase by Rs 12,97,822 crore since March last year when the Covid-19 pandemic hit the country and this amount is enough to give 13.8 crore poorest Indians a cheque for Rs 94,045 each.
This will be the country's largest order for telecom equipment and one of the world's biggest. The installed production capacity of GSM electronics worldwide is 250 to 300 million lines annually, suggesting that the order could account for more than 10 per cent of global production over the next three years.
The Department of Telecommunications' restriction on this service flies in the face of both policy precedents and market logic.
Former Telecom Minister A Raja, the main accused in 2G spectrum scam, has told the Joint Parliamentary Committee that Prime Minister Manmohan Singh was in the loop over policy decisions and has accused Attorney General G E Vahanvati of telling a "series of untruths" against him.
BSE Midcap and BSE Smallcap indices settled the day 0.7% and 0.9% higher
The service provider has to ensure that outsourcing arrangement to an agency does not absolve them of their responsibility to fulfil their obligation to consumers and it should not affect the rights of consumers against service provider, Trai said. All companies should set up a formal code of conduct for outsourced agency and its employees or agents for collection of outstanding dues from customers.
Among the Sensex pack, Yes Bank, L&T, HDFC, RIL, HDFC Bank, PowerGrid and Coal India were the biggest losers -- falling up to 2.43 per cent.
Trai's regulatory intervention was supposed to stimulate the market, but the latest order seems quite on the contrary, asks Nivedita Mookerji.
Telecom operators are required to get a security clearance before placing purchase orders for equipment with the foreign equipment vendors.
A way out of the economic slump is to revisit the template of 15 years ago and follow its constituents, recommends Ajay Shah.
While consumers feel that petrol pinches directly, diesel hurts indirectly, as it is an input in almost all the goods and services we use.
In wake of former Telecom Minister A Raja's accusation that Prime Minister Dr Manmohan Singh was in the loop in the policy decisions taken by his ministry, the Bharatiya Janata Party on Monday demanded the appointment of a Special Investigation Team to investigate all the charges levelled against the Prime Minister's Office in connection with the 2G spectrum scam.
The social media giant had launched a public campaign to defend its platform.
Chinese telecom network solutions major, Huawei has welcomed India's decision to streamline visa procedures for Chinese nationals, saying the move is "favourable" for Sino-Indian trade and economic cooperation.
Telecom tariffs in India can drop by 30-40 per cent more if the Telecom Regulatory Authority of India goes ahead with its planned cut in the access deficit charge (ADC).
FIPB panel to meet today, discuss telecom investments.
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