While it appears that the old telecom players haven’t been hit by the new policy, these companies will have to pay high prices when their licences come up for renewal.

The income-tax (I-T) department is gearing up to keep an eye on the Tamil Nadu elections to ensure that money is not used to bribe voters. The I-T department is also looking at papers of political parties to revoke tax exemption benefit of those fake parties which are formed just to launder money.

Industrial production (IP) grew at 2.7 per cent in November 2010, an 18-month low, as a tight monetary policy and high prices hit consumer goods.
IP was anyway expected to be low in November due to the high base effect as last year in the same month IP had grown by 11.3 per cent.

Food inflation is once again in double digits, having touched 12.13 per cent for the week ending December 11.

Prime Minister Manmohan Singh on Tuesday tried to address India Inc.’s nervousness about infringement on its privacy following the leak of the Niira Radia tapes, saying there is a need to tighten proc

Prime Minister Manmohan Singh on Tuesday tried to address India Inc.’s nervousness about infringement on its privacy following the leak of the Niira Radia tapes, saying there is a need to tighten procedures so that there are no future leaks.

Bringing the BJP-led NDA regime into the 2G scam investigation ambit, telecom minister Kapil Sibal on Thursday announced setting up a one-man committee, headed by former Supreme Court judge Shivaraj V

In a first step towards undoing past irregularities in his ministry, new telecom minister Kapil Sibal has decided to issue notices regarding cancellation of licences to those telecom firms that obtained these by making false claims in 2008 and to impose penalties on telecos that have failed to fulfil their rollout obligations.

“We believe that some of the eligibility necessary for the grant of a licence may not have been in place when the companies sought licences,” new telecom minister Kapil Sibal said on Monday, adding that one eligibility criteria under the scanner is that at the time of application these new firms didn’t have memorandums of association to

The appointment of the new CMDs to BSNL and MTNL is now likely go under a scrutiny.
There are allegations that former telecom minister A. Raja and his aide R.K. Chandolia changed the criteria for the appointment on these posts by selecting their own favourites ignoring the Sam Pitroda Committee’s recommendations on the issue.