Corporate affairs ministry note for ministerial group says can't keep banking, telecom out of CCI purview as RBI, Trai enable but not regulate competition
Out of the total of 25,359 complaints received during 2010, the highest of 8,330 were against Railways, 6,520 against banks, 1,836 against petroleum department and 1,572 were against telecom officials.
The government has suffered a loss of Rs 12,488.93 crore (Rs 124.88 billion) due to under-invoicing of gross revenue by six telecom companies including Reliance Communications, Vodafone and Bharti Airtel, the CAG said in a damning report on Friday.
The Monopolies and Restrictive Trade Practices Commission has issued notices to mobile operators Bharti Airtel, Idea Cellular and Hutchison on a complaint over downloading of ring tones.
According to a study, the change in frequency for transmitting mobile signals could cost the telcos over Rs 1 lakh crore (Rs 1 trillion) cumulatively.
Chiefs of the Central Bureau of InvestigationEnforcement, Income Tax and Enforcement Directorate have been called by the Central Vigilance Commission to give a detailed update on their probe in the 2G case and discuss the way forward for investigations.
If Indian storytelling can deliver, it can make the entertainment industry an engine of economic growth and a substantial contributor to GDP, says Vanita Kohli-Khandekar.
Reliance Industries is facing penalty for falling gas output from its KG-D6 fields.
Ignoring objections by political parties, the government on Friday introduced a bill in Lok Sabha to clear legal hurdles in appointment of former Telephone Regulatory Authority of India Chairman Nripendra Misra who joined as principal secretary to Prime Minister Narendra Modi more than a month back.
Prime Minister Narendra Modi began his engagements in the US on Thursday by meeting with leading American CEOs from five different key sectors and highlighted the economic opportunities in India.
It claimed the officials were involved in 'espionage, subversion and supporting terrorist activities in Balochistan and Sindh'.
'Some cases do not get a single hearing for 6 to 8 months, while some have been pending for as long as 8 years.'
A Group of Ministers headed by Finance Minister Pranab Mukhejree is likely to meet on Monday to vet London-listed mining group Vedanta Resources' $ 9.6 billion acquisition of Cairn India.
Bharti Airtel called the prices exorbitant while Vodafone Idea wants the auctions take place in 2020. The auctions need to happen when the infrastructure is ready for the roll out, be it in terms of fiberisation levels, or optimisation of equipment and software etc. Spending a hefty amount on a technology (airwaves) that at present offers limited returns is not going to be a priority for the incumbent telcos.
Move comes in view of big debt overhang in two sectors; companies unwilling.
Move comes in view of big debt overhang in two sectors; companies unwilling.
Addressing a press conference in London via Skype, the man, identified as Syed Shuja, said the BJP would have won Rajasthan, Chhattisgarh and Madhya Pradesh elections if his team hadn't intercepted the BJP attempts to hack the transmissions in these states.
According to a senior company official, BSNL is in the process of appointing recovery agents on a commission basis to bring back the money.
Bankers said as part of its debt reduction plan, Canada's Brookfield-sponsored India Infrastructure Trust acquired a pipeline for Rs 13,000 crore from East West Pipeline Ltd, an arm of Reliance Industries Holding Private Ltd, and all the liabilities are now off the subsidiary's books.
'There is a fiscal crisis building up, which might become apparent when the Finance Commission presents its report,' warns T N Ninan.
Former Telecom Minister A Raja on Sunday said he was ready to serve life imprisonment if a single rupee or dollar was found in any offshore account in his name.
The numbers hidden behind the results tell a story of zero-return businesses and lower prospects for the core units
Amid long-pending dispute between the UK-based telecom giant Vodafone and the tax authorities in India, Finance Minister's advisor Parthasarathi Shome on Wednesday said the government should not use retrospective amendment of tax laws to raise revenues.
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.
The party unanimously elected veteran Duraimurugan as general secretary and senior leader T R Baalu as treasurer. Former Telecom Minister A Raja and seasoned party leader K Ponmudi were elected as deputy general secretaries.
Telecom guru Sam Pitroda on Wednesday said India should not try to copy the consumption-based economic model of the United States, saying it won't work for this country.
It's time the government accepts that Digital India is too distant.
Delhi High Court quashes reassessment proceedings by Income Tax department.
Hyperactive Telecom Minister Kapil Sibal -- busy trying to 'rescue' the UPA government in the 2G scam ever since he took over after Andimuthu Raja resigned in November -- finds himself caught up in another spectrum scam of the Indian Space Research Organisation's gift of 70Mhz at throwaway prices to its former officer in 2005 that is now turning out to be a Rs 2-lakh crore (Rs 2 trillion) scandal.
Revenue was also boosted by robust growth in retail business which recorded a 73.6 per cent increase to Rs 11,571 crore
Mumbai police commissioner Param Bir Singh told reporters that a national TV news channel, facing flak over its attack on Mumbai police and Maharashtra government in the Sushant Singh Rajput death case, was also involved in the TRP racket.
There were opportunities in having these people to open bank accounts and use phone banking, said Pitroda.
The CMM was appointed as commissioner to record 84-year-old Ammal's testimony by a Special CBI Court, holding trial in the case, in the wake of the Supreme Court's direction.
It would be perfectly possible for a rogue customer to disconnect a call and then claim compensation.
Parliament on Tuesday cleared a Bill to remove legal hurdles that were coming in the way of appointing former Telecom Regulatory Authority of India chief Nripendra Misra as principal secretary to the prime minister amid strong opposition by Congress.
A lot has been written about the impact of the recommendations.
Has the Modi government been more at odds with institutions than other governments? There is no doubt that there have been more run-ins. While the RBI and CBI cases have drawn attention, there have been others, less publicised, Subhomoy Bhattacharjee points out.
During a hearing before the Monopolies and Restrictive Trade Practices Commission (MRTPC) last month Bharti Airtel, Vodafone Essar, Reliance Communications, Tata Teleservices, and government-run BSNL and MTNL agreed to submit the undertaking.
The survey found that 76 per cent of employees whose current workplace does not offer remote work options would consider switching to a job that offered more flexibility, while 42 per cent said they have already searched for such job options.
