Popular Articles

New GST date likely tomorrow
The government is likely to miss the April 1 deadline to introduce the Goods and Services Tax (GST), and a decision on a fresh date is expected tomorrow.

NEWSALERT: Voltas director Kulkarni retires
Tata Group firm, Voltas today said its non-executive independent director S D Kulkarni has retired from the board of the company.

News of the day

Ticket-seeking for Jharkhand
While ticket distribution for Jharkhand elections was on, hundreds of aspirants thronged the Congress headquarters. The Congress managers, desperate to avoid this crowd, met at various undisclosed locations. But this could not save all the leaders. One day, K Kesava Rao, the general secretary in charge of Jharkhand, came to his office at 24, Akbar Road, to take some documents when an irate crowd gheraoed him. Rao was almost physically assaulted amid a heated exchange of words as the aspirants accused him of taking bribes. Congress workers in the office had to rush in to rescue Rao.
Small Business

Govt plans 2G spectrum to stand-alone winners at Rs 1,658 cr

The government is mulling whether the 2G spectrum can be offered to stand-alone winners of 3G bidders at the price of Rs 1,658 crore for pan India operations -- the amount charged from new players last year. - Bring petrol, diesel under uniform VAT: Assocham - Maha seeks Rs 1,171 cr Phyan relief from Centre - Work on 3 hydel projects in Uttarakhand suspended: Govt - Govt ready to hold talks with ULFA: Chidambaram - "Indo-Pak security relationship has consequences in Afghan" - 6 months not enough to rejig Dubai World debts: govt official According to sources close to the development, the Department of Telecom (DoT) would issue a clarification with regard to the price of 2G spectrum for stand-alone winners and also their priority vis-a-vis over 300 applications pending with the department. Since any entity, which holds Unified Acess Service License (UASL) or previous experience of running 3G services is eligible for participating in the forthcoming auction of 3G spectrum scheduled from Juanuary 14 next year, these issues needed to be clarified immediately. This means foreign operators would also become eligible for the 3G services without having 2G spectrum, which would be essential to run mobile services. "In this scenario, stand-alone 3G auction winners of various circles would be applicants/holders of UASL licences after the completion of auction. Therefore, the situation would require that the clarity may be available on the these issues at this stage," sources added. A senior official said that since telecom regulator Trai is also expected to give recommendations on various crucial matters soon, a lot of issues would be clarified. Sources said that in the absence of clarity on these issues, potential bidders, especially foreign players, may not come forward to participate in the auction process and may result in lacklustre response.


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