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.
RIL's December quarter performance is likely to be muted
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Faced with over Rs 11,200 crore (Rs 112 billion) tax liability, Vodafone India chief Analjit Singh on Thursday met Finance Minister P Chidambaram for the second time this week and expressed the hope that there will be clarity soon on the proposal to settle the dispute through conciliation.
Instructions have been issued to circles to ensure timely issue of telephone bills and to effect disconnection of telephones for non-payment promptly. The company has fixed a 35-day deadline for disconnection due to non-payment of bills, the reply said. Hitherto, banks and credit card companies were among the chief patrons of recovery agents, whose more often than not high-handed methods of recovering dues came for flak from the Reserve Bank of India last year.
Events to keep an eye out for...
Former president A P J Abdul Kalam, who will be from April 17 to 19, will confer the award that carries $50,000 in cash and a trophy on April 18, Canada-India Foundation Convener Ajit Someshwar told reporters on Wednesday. Canadian Prime Minister Stephen Harper and Ontario Premier David McGuinty were likely to be present on the occasion, he said.
BSNL will now offer free roaming from this month onwards.
A good monsoon could rein in food inflation. Largely good corporate results mean better days are ahead. Nifty may reach record levels, points out Devangshu Datta.
The Commission was critical of the fact that the information relating to subscribers, which was confidential and lying with mobile companies, was being passed on to telemarketing agencies without the users' consent.
Its pre-consultation paper has been silent on the issue of closed electronic communication network, a loophole telcos can exploit to offer discriminatory pricing.
Tata Group Chief Ratan Tata met Communication and IT Minister Dayanidhi Maran on Wednesday and discussed wide ranging issues relating to spectrum policy and investments in the telecom sector.
Trade unions on Wednesday opposed divestment in public sector undertakings and hike in foreign direct investment in telecom, insurance and aviation sectors
The firm would require it to more than triple its CAGR of revenue to 18.5% for the next decade from 6%
The report also revealed the parlous finances of the Vijay Mallya-owned team at the time they were taken into administration last July.
Recalibrating data of past years using 2011-12 as the base year instead of 2004-05, the Central Statistics Office estimated that India's GDP grew by 8.5% in the financial year 2010-11 and not at 10.3% as previously estimated.
Reliance Infocomm Ltd has commenced work on setting up its telecom network in Jammu and Kashmir, while the private telephony major is all set to commission its operations in Andaman & Nicobar Islands.
India is ranked below Bhutan and Sri Lanka in terms of broadband penetration, says TRAI.
In fact, no other recent Union Budget has held so much significance for the Indian economy as the one to be presented in about six weeks from now, notes A K Bhattacharya.
Sunil Mittal-owned Bharti Group has formed a consortium with Changi Airport of Singapore (a 50:50 joint venture) to bid for the development and management of Delhi and Mumbai airports.
The government on Wednesday cleared a fresh Rs 500 crore (Rs 5 billion) financial package for the crisis-ridden paging industry, amid the ongoing general elections, after getting clearance from the Election Commission.
Unlike other SM sensations, 'Khan Sir' became a star with well-researched news-related videos, not 30-second inanities. Syed Firdaus Ashraf tracks down the elusive coach to IAS aspirants.
The change in stance follows a strong opposition by automakers of the proposed government plan to ban two-wheelers (below 150cc) and three-wheelers by 2023 and 2025, respectively
Finance secretary R S Gujral too is believed to have met top Vodafone officials in Mumbai last month.
Underlining the need to step up regional co-operation and trade particularly in energy and telecom sectors, India and Australia agreed on Wednesday to work together for the implementation of the Doha Development Agenda.
The controversial report of the Joint Parliamentary Committee, which gave a clean chit to Prime Minister Manmohan Singh in the 2G spectrum scam saying he was "misled" by the then Telecom Minister A Raja, was on Tuesday submitted to Lok Sabha Speaker Meira Kumar.
Inflation is down, growth is headed for recovery. RIL and subsidiary Jio are on an upswing. However, stressed loans and impending job losses are the dark clouds, says Devangshu Datta.
In Bangladesh, a call drop has more to do with network quality, while in India it is linked to spectrum shortage.
VSNL Lanka Ltd, a wholly owned subsidiary of Videsh Sanchar Nigam Ltd on Tuesday said that it has been granted external gateway operator license by the Telecom Regulatory Commission of Sri Lanka.
The fixed line broadband will offer "ultra high-definition entertainment on large screen TVs, multi-party video conferencing from your living room, voice-activated virtual assistants, virtual reality gaming, digital shopping, immersive experiences," Ambani said.
Representatives of the British telecom company on Friday met senior finance ministry officials, in search of an amicable solution.
Salary hike is fine but govt must reduce support staff to get its math right.
From Rafale relief to heat on realtors, 10 landmark Supreme Court judgments in 2018.
All you need to know about the case and the man behind the drama that has ensued.
The year gone by saw the high and mighty of the corporate world face the music in the Delhi High Court which held that the telecom majors are amenable to CAG audit and Mukesh Ambani's RIL struggling hard to get rid of an FIR lodged on gas pricing by the 49-day-old AAP regime.
The total earnings in Q1 rose 14.54 per cent, while working expenses grew at a measly 4.22 per cent.
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