Agreement between Bharti Airtel and Loop Mobile, which offers mobile services in Mumbai, expired on October 31
Focus to be on unbanked areas; initial capital is set at Rs 100 crore; India Post can apply.
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.
Rs 3,050-crore penalty on Airtel, Voda Idea gets nod. Final decision will be taken by DoT.
The finance ministry is likely to favour an approach that would take into account the payment capabilities of telecom companies while deciding the price and process for spectrum auction this year.
Reliance was the top gainer in the Sensex pack, surging over 3 per cent, followed by ICICI Bank, Bharti Airtel, Dr Reddy, Maruti and ITC.
Importers will now have to provide sufficient proof to the domestic customs authorities that the goods being imported have a minimum 35 per cent value addition in the country from which it is being exported to India.
Trai member A K Sawhney had been acting as chairman since Nripendra Mishra retired on March 22 this year. Before joining Trai, Sarma was member of the Telecom Disputes Settlement and Appellate Tribunal and is a well-known expert in the field, the regulator said.
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.
PowerGrid was the top gainer in the Sensex pack, rallying over 4 per cent, followed by NTPC, UltraTech Cement, Tech Mahindra, Reliance Industries and IndusInd Bank.
In the aviation sector, 100 per cent FDI is allowed under automatic route for MRO (maintenance, repair, overhaul), ground handling, and aircraft purchase.
After lower proceeds from 2G spectrum auctioning, economists question if government can meet the fiscal deficit target.
We have a government with an extremely weak economic team advising a PM who hardly pays attention to their thoughts, says Jayanta Roy.
Union minister Ram Vilas Paswan appealed to people to boycott products from China and also directed officials of his ministry not to procure any Chinese products for day-to-day office use while his ministerial colleague Ramdas Athawale said all restaurants and hotels that sell Chinese food in India should be closed down.
The ministry of home affairs has made the use of Aarogya Setu app mandatory for all employees, both private and public, and pinned the responsibility for compliance on the head of respective organisations.
RIM says it cannot provide access to the BlackBerry Enterprise Solution as it does not possess any key and the security architecture is the same around the world.
With Tamil Nadu witnessing a sharp increase in the covid-19 cases, the government on Saturday announced clamping a two-week 'total lockdown' across the state to curb the spread of the pandemic.
The asset monetisation exercise in the first phase will help BSNL shave off its Rs 14,000-crore debt. The government has said that these firms are strategically important and will not be closed down or divested.
Telecom Secretary Siddartha Behura is learnt to have made a request to the Prime Minister's Office to convene a meeting that will include PMO, DoT, telecom regulator TRAI and finance secretary to resolve the controversy over spectrum allocation and pricing. He said the department is in dialogue with the ministry of finance regarding certain issues relating to guidelines for auction of 3G spectrum and pricing of 2G spectrum.
The helpline 'KIRAN' (1800-599-0019) was launched by Union Minister for Social Justice and Empowerment Thaawarchand Gehlot. The helpline will offer mental health rehabilitation services with the objective of early screening, first aid, psychological support, distress management, mental well being, promoting positive behaviour and psychological crisis management, the minister said.
A group of officials from the National Treasury and the South African Reserve Bank ) are in India to meet officials from the finance ministry, Reserve Bank and market regulator Securities and Exchange Board of India to discuss regulatory matters related to the deal.
Given the many policy areas where the Centre and the states have not been seeing eye to eye in the last few years, it is time the Modi government convenes a meeting of the Inter-State Council, recommends A K Bhattacharya.
Ministers in the Narendra Modi government have been busy making presentations on their 100 days of work. But what these presentations do not mention is that decisions by ministers have been few, with plenty of papers and files moving to the Prime Minister's Office, which is increasingly emerging as a centralised clearance point, even for routine and ordinary issues. Though policy paralysis was a term used freely for the United Progressive Alliance regime, questions are now being raised about pending decisions across ministries and whether at least some ministers have turned redundant.
The Foreign Investment Promotion Board (FIPB) on Monday deferred a decision on Vodafone's Rs 10,141 crore (Rs 101.41 billion) proposal to buy out minority shareholders in its Indian arm as the Ministry of Home Affairs is yet to give its comments.
TCS was the top gainer in the Sensex pack, rising around 4 per cent, followed by ONGC, ICICI Bank, HDFC Bank, Dr Reddy's, HDFC and HCL Tech. NSE Nifty advanced 76.65 points to 14,581.45.
The Supreme Court on Friday asked the government to respond to the CAG report that points towards large-scale irregularities and favouritism allegedly by Telecom Minister A Raja in the Rs 70,000-crore (Rs 700 billion) 2G spectrum allocation scam in 2008.
Faced with prospect of its assets across the globe being seized just like Pakistan and Venezuela, the government decided to scrap retrospective taxation but the international embarrassment could have been avoided had 'attached' shares of Britain's Cairn Energy Plc not been sold, according to tax and legal experts. On Thursday, the government introduced a Bill in Parliament to scrap the tax rule that gave the tax department power to go 50 years back and slap capital gains levies wherever ownership had changed hands overseas but business assets were in India. The 2012 legislation was used to levy a cumulative of Rs 1.10 lakh crore of tax on 17 entities, including UK telecom giant Vodafone, but substantial punitive action was taken only in the case of Cairn.
The announcement quells fears among some telcos that Chinese players might be banned from participating in 5G trials and roll outs.
In a regulatory filing, Reliance -- the country's most valuable company - said, 'The 43rd AGM will be held on Wednesday, July 15, 2020 at 2 pm though video conferencing / other audio-visual means.'
People familiar with the proceedings said independent cybersecurity experts from a private consulting firm, technology lawyers, government officials and WhatsApp representatives were asked questions about the Pegasus spyware and the larger issues surrounding surveillance, hacking and remedial measures.
Telecom Minister A Raja has been indicted by the CAG in the 2G spectrum scam, which resulted in a loss of about Rs 1,70,000 crore.
India Post may be keen to apply for payment bank licence.
Month-end dollar demand from importers resulted in the rupee touching a new all-time low on Wednesday against the dollar.
SBI was the top gainer in the Sensex pack, jumping around 3 per cent, followed by Kotak Bank, Axis Bank, Bajaj Auto, Tech Mahindra, UltraTech Cement and PowerGrid. NSE Nifty rose 36.40 points to 15,337.85.
The rights issue price has been set at Rs 1,257 a share, a discount of nearly 14 per cent to the last closing price of Rs 1,459. The company had set May 14 as the record date for the rights issue, which meant shareholders as on that day would be eligible to apply. Shareholders will be able to apply for one share for every 15 shares held.
Concerned over the series of attacks on mobile phone towers in the valley, the Centre also issued an advisory to the state government.
G C Murmu rarely speaks in public and when he does, his statements are always in lockstep with the thinking within this government.
Within hours of reports that Mukherjee himself was at the receiving end of such calls, Raja activated his ministry to take steps against such calls that 'encroach' into the privacy of telecom consumers, an issue that has been haunting every single consumer despite the regulator Telecom Regulatory Authority of India's attempts to ban such a nuisance.
PM has been regularly seeking people's inputs through mygov.in and his app, to assess the mood of the nation.
