India Post may be keen to apply for payment bank licence.
Though the Cabinet reshuffle on July 5 has a clear stamp of the Prime Minister's Office, the changes have also increased the coherence between the Bharatiya Janata Party, the government and the Rashtriya Swayamsevak Sangh.
Karunanidhi was convinced that using the 2G cases against the DMK and reopening the fodder case against Lalu Prasad Yadav were products of the Congress leadership's short-sightedness. A revealing excerpt from A S Panneerselvan's Karunanidhi: A Life.
Since the Centre tightened the Press Note 3 norms in April last, as many as 150 private equity/venture capital investment applications from China and Hong Kong are pending with the government, starving the country's start-up ecosystem of funds, says a report. The Press Note 3 (PN3) changes were effected in April, restricting foreign direct investment from countries that share land borders with India. Analysts are of the view that the move was primarily aimed at China as lot of private funds were investing billions into domestic companies.
The warning came a day after China cautioned its students against going to the US for studies.
The decision was taken at a high-level meeting convened by the Ministry of Home Affairs (MHA), and attended by the Central Public Works Department (CPWD), Border Roads Organisation (BRO) and the Indo-Tibetan Border Police (ITBP) among others.
She said the Citizenship Amendment Act (CAA) adopted last year by India's Parliament was of 'great concern'.
Month-end dollar demand from importers resulted in the rupee touching a new all-time low on Wednesday against the dollar.
Some of them have ambitious plans to fight the slowdown, while some would seek to revive their image.
Known as 'vikas purush' (man involved in developmental work), Sinha is a three-time Lok Sabha MP who held charge of the communication ministry as a minister of State in 2016 when the telecom industry was engaged in the sale of spectrum.
India Inc pledges $75 bn on Digital India launch
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.
The revenue department, sources said, will pursue the tax demand along with accrued interest and penalty.
The department had recently sent a tax reminder notice to the British telecom major.
The government on Friday said telecom companies would be heard before a decision is taken on telecom regulator TRAI's recommendations on spectrum related issues, including levying a one-time charge for excess air waves.
Strategic sales are tricky and were last undertaken when the Vajpayee government was in power.
With intense competition in telecom sector, the two companies are rushing to diversify into other revenue streams, prominent among which are cloud services.
Launching the scheme, Modi said during the nationwide lockdown, the talent from cities returned to villages and it will now give a boost to development of rural areas. The 'Garib Kalyan Rozgar Abhiyaan' will be implemented on a mission mode in 125 days in 116 districts of six states -- Bihar, Madhya Pradesh, Uttar Pradesh, Rajasthan, Jharkhand and Odisha -- that received the maximum numbers of migrant workers back.
Unlike the race to buy airwaves by telecom companies, airports by infrastructure companies and city gas networks by energy companies, the race to develop super apps by consumer-facing companies in India has not brushed up against any regulatory issues. Officials at the ministry of electronics and information technology and at other regulators are happy they do not have to meddle in who among the Tata group, Reliance Industries Ltd, Flipkart or Paytm will manage to build an app that sweeps in customers. Unlike separate apps a customer uses on her mobile to order groceries, buy food or airline tickets or just make payments, a super app can perform all these functions.
Lawyers representing govt point out that telcos, because of the large money they can save if they get a favourable judgement, prefer to fight till all legal options are exhausted
The world's biggest social network Facebook wants to connect more people to internet in India which accounts for the third largest online user base globally after China and the US but has a very low internet penetration growth rate.
The Department of Telecom has asked the Group of Ministers on telecom spectrum to direct the Ministry of Defence to immediately release 20 Mhz spectrum in the 1,800 Mhz band for mobile phone operators.
Not just in the fight against COVID-19, but also in politics, economics and society, observes Ajit Balakrishnan.
If convicted, the offences entail a maximum punishment of seven years.
On the Sensex chart, Bajaj Finance, Bajaj Finserv, HCL Tech, Tech Mahindra, Infosys, HDFC Bank and ICICI Bank were among the prominent gainers.
Al Jazeera quoted the Israeli Prime Minister as saying, 'These recommendations were determined and leaked even before the investigations began.'
In a sharp contrast to the boom in the telecom sector, the revenue of public sector BSNL may take a hit of Rs 6,500 crore (Rs 65 billion) in the current financial year adversely affecting the telecom monolith's profitability.
Babus may now use private telecom, airline services
The Finance Ministry, which is under immense pressure to meet the fiscal deficit target during the current financial year, has also written a letter to the department of telecommunication to auction spectrum to earn additional revenues.
The exponential number of downloads can be attributed to a call by Prime Minister Narendra Modi, asking people to have the app on their mobiles, combined with the government's push for downloading of the app through other channels, reports Neha Alawadhi.
The Swadeshi Jagaran Manch has pointed out that these firms pose a threat to domestic manufacturing and retailing as they do not pay relevant taxes such as GST, giving them a huge edge over local players.
Terming investment in infrastructure "quintessential" to boost growth, the Economic Survey on Friday said post unlocking of the economy, infra sectors are poised for growth and construction of roads is expected to return to the high pace attained before COVID-19. The infrastructure sector will be the key to overall economic growth and macroeconomic stability, the Survey said emphasising that the year after the crisis (2021-22) will require sustained and calibrated measures to facilitate the process of economic recovery and enable the economy to get back on its long-term growth trajectory. "Basic infrastructure facilities in the country provide the foundation of growth. In the absence of adequate infrastructure, the economy operates at a suboptimal level and remains distant from its potential and frontier growth trajectory.
The ones who came more recently were clutching the green cards that gave them an escape hatch through which to return to green pastures: Arvind Panagariya, Raghuram Rajan, Arvind Subramanian and other perfectly honourable gentlemen like them, points out T N Ninan.
A key 2G case witness and ex-aide of A Raja on Monday told a Delhi court that the former telecom minister was in touch with Swan Telecom promoters, Shahid Usman Balwa and Vinod Goenka and Unitech MD Sanjay Chandra and had cleared their projects during his stint with ministry of environment and forests in 2004-07.
The third chargesheet was scheduled to come out by the first week of July.
With more than 100 crore mobile phones in circulation, nearly 25 per cent end up in e-waste annually
The Finance Ministry had written twice to the DoT to immediately auction wireless broadband spectrum.
A finance ministry official said Vodafone had threatened arbitration against something that had not happened. He said the UK-based telecom company was presuming it might happen.
Against the backdrop of the finance ministry note on 2G spectrum pricing, Dravida Munnetra Kazhagam, a key United Progressive Alliance ally, on Thursday maintained that the stand taken by jailed former telecom minister A Raja on the issue has been 'vindicated'.
For ensuring secure mobile phone equipment in the country, Government has recently issued a template of agreement between service providers and vendors to address security concerns, the Rajya Sabha was informed on Wednesday.
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