Govt has decided to allot spectrum to telecom players holding Letters of Intent on the basis of who was the first to deposit licence fee.
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 social media giant had launched a public campaign to defend its platform.
Although the apex court's opinion on the Presidential reference comes at a time when the floppy bidding route for coal blocks is being criticised, it will not come in the way of allocation of natural resources through auctioning.
A way out of the economic slump is to revisit the template of 15 years ago and follow its constituents, recommends Ajay Shah.
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.
The companies that have seen sharp erosion of market wealth include YES Bank, Indiabulls Housing Finance, Zee Entertainment, Vodafone Idea, and Bharat Heavy Electricals.
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.
'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.
Retail, telecom, media and a host of sectors in which foreign direct investment is restricted stand to gain from changes in FDI policy that the Cabinet Committee on Economic Affairs cleared on Wednesday linking approvals to the concept of control for the first time.
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.
Seeking urgent steps by mobile operators to check call drops, regulator TRAI on Wednesday said their performance would be reviewed after 15 days and warned it will "cross the bridge" if they fail to do the needful.
According to the guidelines, a unified licence will have three levels -- national, service area and district.
Amongst the top 10 sectors, telecom received the maximum FDI of $2.47 billion
The Telecom Regulatory Authority of India's decision to enforce stricter norms on unsolicited calls and text messages may well be a boon in disguise, feel organised mobile marketing companies.
Government has been trying to get rid of the impression that it is caught in "policy paralysis".
Move to impact joint ventures in telecom, insurance, broadcasting.
Rival operators' lobby to approach Delhi High Court.
It will also file a review petition on Friday, which, while not challenging the cancellation of licences, will seek a reconsideration of the court's declaration.
The government is currently also revising its MSIPS policy to extend its mandate apart from making it more investor friendly.
It has made everything public in the name of 10 lakh comments it got on draft net neutrality proposals.
A day after welcoming the decision to increase competition in the long-distance telephony by cutting levies, integrated telecom major Bharti on Friday said it will take up the issue of "level-playing" field vis-à-vis new players with the government.
Traders are waiting for the earnings season to kick off.
DoT and the company have not done anything that breached the guidelines mentioned in the notice inviting applications for the auction of the BWA spectrum in 2010, it stated in a reply to CAG's draft audit report.
As deputy governor, Patel headed the RBI panel to draft the monetary policy report, which became the basis of the ongoing reforms at the apex bank
The broader 50-issue NSE Nifty dropped 38.35 points, or 0.38 per cent, to close at 10,186.60
Airtel and Vodafone Idea are also trying to expand the penetration of 4G users in their subscriber base as they take this network to the hinterland
Modi told the probationers to have a 'sensitive' and 'humane' approach to the job.
"Legal and other policy issues have to be considered by legal experts and related to policy about return or non-return of spectrum. But every megahertz of spectrum has to cost somehow," the committee, headed by additional secretary in the Department of Telecom R Bandhopadhyay, said in a note. At present, mobile operators get start-up spectrum virtually free as it comes bundled with the licence. Companies need to pay Rs 1,651 crore (Rs 16.51 billion) for a pan-India licence.
A panel headed by Economic Affairs secretary Arvind Mayaram had suggested FDI limit be raised to 49 per cent in almost all sectors through the automatic route.
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 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.
It is a huge reduction for the telecom players as the existing license fee to enter the National Long Distance segment is Rs 100 crore and for International Long Distance is Rs 25 crore.
The first task before him is to get used to the idea of working with the Monetary Policy Committee
Telecom Minister Ravi Shankar Prasad on Thursday offered to discuss the issue of call drops and poor service by state-owned BSNL and MTNL in the Rajya Sabha.
The government on Tuesday submitted before sectoral tribunal TDSAT that its decision to allow dual technology is a matter of policy decision and cellular operators have no right to challenge it.
Former Telecom Minister A Raja on Monday defended himself against corruption charges in the 2G scam, saying he had not done anything wrong and was merely following the policies pursued by his predecessors and the National Democratic Alliance government.
Delay in approvals and bureaucratic stonewalling create hurdles; experts fear return of licence raj.
