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.
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.
A lot has been written about the impact of the recommendations.
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.
Stressing the need for coal sector reforms, the presentation said, "Independent regulation of coal sector becomes essential to ensure that e-auction remains competitive, to fix formulae for price revision for long-term fuel supply, to fix trading margins and to improve exploitation and allocation of available resources.
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.
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.
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.
Most of the markets it is now looking at in hopes of gaining the next billion internet users have demographics similar to that of India.
Analysts cautious on outlook, expect earnings to remain under pressure over medium term.
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.
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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.
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.
'... the government provides adequate cash and kind support for the poorest of the poor for survival... ...conditional cash and skilling support for the economically poor to raise their incomes to adequate levels... ...and make functional arrangements for providing unemployment allowance to the vulnerable poor during disasters like the present one.'
RIL's December quarter performance is likely to be muted
Events to keep an eye out for...
BJP received chunk of the funds at Rs 437.04 crore, while Congress got Rs 26.65 crore.
In his book, Backstage: The Story Behind India's High Growth Years, Montek Singh Ahluwalia accepted the Act "increased the cost of land to financially unsustainable levels ... and made it easier for anyone who wants to stop a project to use the various consultative processes required under the law to delay matters".
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.
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.
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
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.
Its pre-consultation paper has been silent on the issue of closed electronic communication network, a loophole telcos can exploit to offer discriminatory pricing.
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.
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.
India is ranked below Bhutan and Sri Lanka in terms of broadband penetration, says TRAI.
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.
The firm would require it to more than triple its CAGR of revenue to 18.5% for the next decade from 6%
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 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.
Finance secretary R S Gujral too is believed to have met top Vodafone officials in Mumbai last month.
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.
